<SEC-DOCUMENT>0001144204-15-023405.txt : 20150417
<SEC-HEADER>0001144204-15-023405.hdr.sgml : 20150417
<ACCEPTANCE-DATETIME>20150417060626
ACCESSION NUMBER:		0001144204-15-023405
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		22
CONFORMED PERIOD OF REPORT:	20141231
FILED AS OF DATE:		20150417
DATE AS OF CHANGE:		20150417

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DAQO NEW ENERGY CORP.
		CENTRAL INDEX KEY:			0001477641
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34602
		FILM NUMBER:		15776464

	BUSINESS ADDRESS:	
		STREET 1:		666 LONGDU AVENUE
		CITY:			WANZHOU, CHONGQING
		STATE:			F4
		ZIP:			404000
		BUSINESS PHONE:		(86-23) 6486-6666

	MAIL ADDRESS:	
		STREET 1:		666 LONGDU AVENUE
		CITY:			WANZHOU, CHONGQING
		STATE:			F4
		ZIP:			404000
</SEC-HEADER>
<DOCUMENT>
<TYPE>20-F
<SEQUENCE>1
<FILENAME>v404590_20f.htm
<DESCRIPTION>20-F
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT STYLE="font-size: 10pt">Washington, D.C. 20549 </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt">FORM 20-F</FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">(Mark
One)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify">REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">OR</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">x</FONT></TD><TD STYLE="text-align: justify">ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal
year ended December&nbsp;31, 2014</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">OR</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the
transition period from <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
to <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">OR</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify">SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date
of event requiring this shell company report <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission file number: 001-34602</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt">DAQO NEW
ENERGY CORP.</FONT><BR>
<FONT STYLE="font-size: 10pt">(Exact name of Registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">N/A<BR>
<FONT STYLE="font-size: 10pt">(Translation of Registrant&rsquo;s name into English) </FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Cayman Islands<BR>
<FONT STYLE="font-size: 10pt">(Jurisdiction of incorporation or organization) </FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">666 Longdu Avenue<BR>
Wanzhou, Chongqing 404000<BR>
The People&rsquo;s Republic of China<BR>
<FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Bing Sun, Chief Financial Officer<BR>
Tel: +86-23&nbsp;6486-6666<BR>
Fax: +86-23&nbsp;6486-6688<BR>
666 Longdu Avenue<BR>
Wanzhou, Chongqing 404000<BR>
The People&rsquo;s Republic of China<BR>
<FONT STYLE="font-size: 10pt">(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) </FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Securities registered or to be registered
pursuant to Section&nbsp;12(b) of the Act:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Title of
        Each Class</B></P></TD>
    <TD STYLE="width: 4%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 48%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Name of
        Exchange on Which Registered</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">American depositary shares, each representing<BR>
25 ordinary shares Ordinary shares, par value US$0.0001 per share*</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">New York Stock Exchange</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">*</TD><TD>Not for trading, but only in connection with the listing on New York Stock Exchange of the American depositary shares.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Securities registered or to be registered
pursuant to Section&nbsp;12(g) of the Act:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">None<BR>
<FONT STYLE="font-size: 10pt">(Title of Class) </FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Securities for which there is a reporting
obligation pursuant to Section&nbsp;15(d) of the Act:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">None<BR>
<FONT STYLE="font-size: 10pt">(Title of Class) </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Indicate the number of outstanding shares of
each of the issuer&rsquo;s classes of capital or common stock as of the close of the period covered by the annual report. <B>223,577,853
ordinary shares, par value US$0.0001 per share, as of December&nbsp;31, 2014. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Indicate by check mark if the registrant is
a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If this report is an annual or transition report,
indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13 or 15(d) of the Securities
Exchange Act of 1934.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Indicate by check mark whether the registrant:
(1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject
to such filing requirements for the past 90 days. &nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Indicate by check mark whether the registrant
has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T (&sect;232.405 of this chapter) during the preceding 12 months (or for such shorter
period that the registrant was required to submit and post such files). &nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of &ldquo;accelerated filer and
large accelerated filer&rdquo; in Rule 12b-2 of the Exchange Act. (Check one):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-align: center; font-size: 10pt">Large accelerated filer&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 34%; text-align: center; font-size: 10pt">Accelerated filer &nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 33%; text-align: center; font-size: 10pt">Non-accelerated filer&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Indicate by check mark which basis of accounting
the registrant has used to prepare the financial statements included in this filing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 22%; font-size: 10pt">U.S.&nbsp;GAAP&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT></TD>
    <TD STYLE="width: 58%; font-size: 10pt">International Financial Reporting Standards as issued by the International Accounting Standards Board&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 20%; font-size: 10pt">Other&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If &ldquo;Other&rdquo; has been checked in
response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.
Item&nbsp;17&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;18&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If this is an annual report, indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). &nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PAST FIVE YEARS)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Indicate by check mark whether the registrant
has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent
to the distribution of securities under a plan confirmed by a court. &nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; width: 90%"><A HREF="#b_001">INTRODUCTION</A></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; text-align: right">1</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top"><A HREF="#b_002">FORWARD-LOOKING STATEMENTS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"><A HREF="#b_003">PART I</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_004">ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_005">ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_006">ITEM 3. KEY INFORMATION</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_007">ITEM 4. INFORMATION ON THE COMPANY</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">29</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_008">ITEM 4A. UNRESOLVED STAFF COMMENTS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">44</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_009">ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">44</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_010">ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">64</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_011">ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">75</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_012">ITEM 8. FINANCIAL INFORMATION</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">76</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_013">ITEM 9. THE OFFER AND LISTING</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">77</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_014">ITEM 10. ADDITIONAL INFORMATION</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">78</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_015">ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">86</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_016">ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">86</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"><A HREF="#b_017">PART II</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">88</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_018">ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">88</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_019">ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">88</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_020">ITEM 15. CONTROLS AND PROCEDURES</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">89</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_021">ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">89</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_022">ITEM 16B. CODE OF ETHICS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">89</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_023">ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">90</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_024">ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">90</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_025">ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">90</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_026">ITEM 16F. CHANGE IN REGISTRANT&rsquo;S CERTIFYING ACCOUNTANT</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">90</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_027">ITEM 16G. CORPORATE GOVERNANCE</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">90</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_028">ITEM 16H. MINE SAFETY DISCLOSURE</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">91</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"><A HREF="#b_029">PART III</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">91</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_030">ITEM 17. FINANCIAL STATEMENTS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">91</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_031">ITEM 18. FINANCIAL STATEMENTS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">91</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 1.15in; text-indent: -0.65in"><A HREF="#b_032">ITEM 19. EXHIBITS</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">91</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"><A HREF="#b_033">SIGNATURES</A></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">93</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in"><A NAME="b_001" TITLE="INTRODUCTION"></A>INTRODUCTION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Except where the context otherwise requires:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>&ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our company,&rdquo; &ldquo;our&rdquo; or &ldquo;Daqo Cayman&rdquo; refers to Daqo
New Energy Corp., its subsidiaries and, until December 30, 2013, its consolidated variable interest entity,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>&ldquo;ADSs&rdquo; refers to our American depositary shares, each of which represents 25 ordinary shares. On December 21, 2012,
we effected a change of the ADS to ordinary share ratio from one ADS representing five ordinary shares to one ADS representing
25 ordinary shares. The ratio change had the same effect as a 1-for-5 reverse ADS split,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>&ldquo;China&rdquo; or &ldquo;PRC&rdquo; refers to the People&rsquo;s Republic of China, excluding, for the purpose of this
annual report only, Taiwan, Hong Kong and Macau,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>&ldquo;shares&rdquo; or &ldquo;ordinary shares&rdquo; refers to our ordinary shares, par value $0.0001 per share, and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>&ldquo;RMB&rdquo; or &ldquo;Renminbi&rdquo; refers to the legal currency of China; &ldquo;$,&rdquo; &ldquo;dollars&rdquo; or
&ldquo;U.S. dollars&rdquo; refers to the legal currency of the United States; and &ldquo;EUR&rdquo; or &ldquo;Euro&rdquo; refers
to the legal currency of the European Union.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our financial statements are expressed in U.S.
dollars, which is our reporting currency. Certain of our financial data in this annual report on Form 20-F are translated into
U.S. dollars solely for the reader&rsquo;s convenience. Unless otherwise noted, all convenience translations from Renminbi to U.S.
dollars in this annual report on Form 20-F were made at a rate of RMB6.2046 to US$1.00, the exchange rate set forth in the H.10
statistical release of the Federal Reserve Board on December 31, 2014. We make no representation that any Renminbi or U.S. dollar
amounts could have been, or could be, converted into U.S. dollars or Renminbi, as the case may be, at any particular rate, at the
rate stated above, or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in"><A NAME="b_002" TITLE="FORWARD-LOOKING STATEMENTS"></A>FORWARD-LOOKING
STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">This annual report on Form 20-F contains forward-looking
statements that reflect our current expectations and views of future events. These forward looking statements are made under the
&ldquo;safe-harbor&rdquo; provisions of the U.S. Private Securities Litigation Reform Act of 1995. Known and unknown risks, uncertainties
and other factors may cause our actual results, performance or achievements to be materially different from those expressed or
implied by the forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">You can identify some of these forward-looking
statements by words or phrases such as &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;aim,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;intend,&rdquo; &ldquo;plan,&rdquo; &ldquo;believe,&rdquo; &ldquo;is/are likely to&rdquo; or other
similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future
events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial
needs. These forward-looking statements include statements relating to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our business and operating strategies;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our expansion and capital expenditure plans;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our operations and business prospects;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our financial condition and results of operations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the industry regulatory environment as well as the industry outlook generally;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>future developments in the polysilicon manufacturing and photovoltaic and semiconductor industries; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>government subsidies and economic incentives for solar energy application.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">This annual report on Form 20-F also contains
estimates, projections and statistical data related to the polysilicon markets and photovoltaic industry in several countries,
including China. This market data speaks as of the date it was published and includes projections that are based on a number of
assumptions and are not representations of fact. If any one or more of the assumptions underlying the market data proves to be
incorrect, actual results may differ from the projections based on these assumptions. You should not place undue reliance on these
forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The forward-looking statements made in this
annual report relate only to events or information as of the date on which the statements are made in this annual report. Except
as required by U.S. federal securities law, we undertake no obligation to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect
the occurrence of unanticipated events. You should read this annual report and the documents that we reference in this annual report
and have filed as exhibits to this annual report, completely and with the understanding that our actual future results may be materially
different from what we expect. Other sections of this annual report include additional factors which could adversely impact our
business and financial performance. Moreover, we operate in an evolving environment. New risk factors emerge from time to time
and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business
or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained
in any forward-looking statements. We qualify all of our forward-looking statements by these cautionary statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in"><A NAME="b_003" TITLE="PART I"></A>PART
I</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_004" TITLE="ITEM 1."></A>ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT
AND ADVISERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_005" TITLE="ITEM 2."></A>ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_006" TITLE="ITEM 3."></A>ITEM 3. KEY INFORMATION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. Selected Financial Data</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following selected data from the consolidated
statement of operations for our company for the three years ended December 31, 2012, 2013 and 2014 and the balance sheet data as
of December 31, 2013 and 2014 have been derived from our audited consolidated financial statements included elsewhere in this annual
report. Our selected data from the consolidated statement of operations for the two years ended December 31, 2010 and 2011 and
our consolidated balance sheet data as of December 31, 2010, 2011 and 2012 have been derived from our audited consolidated financial
statements, which are not included in this annual report. We consolidated financial statements of Daqo New Material Co., Ltd.,
or Daqo New Material, from July 1, 2008 to December 30, 2013, because under Financial Accounting Standards Board Accounting Standards
Codification 810-10-15, &ldquo;Variable Interest Entities,&rdquo; we were deemed to be Daqo New Material&rsquo;s primary beneficiary
for accounting purposes. As a result of the voluntary termination of our contractual arrangements with Daqo New Material, starting
from December 31, 2013, Daqo New Material was de-consolidated from the balance sheet as of December 31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The selected consolidated financial data should
be read in conjunction with, and are qualified in their entirety by reference to, our consolidated financial statements and related
notes, and &ldquo;Item 5. Operating and Financial Review and Prospects&rdquo; included elsewhere in this annual report. Our consolidated
financial statements are prepared and presented in accordance with U.S. GAAP. Our historical results are not necessarily indicative
of results to be expected in any future period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2010</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2011</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center">(in thousands of US$, except share, per share and per ADS data)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Consolidated Statement of Operations Data:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 35%; text-indent: -9.35pt; padding-left: 9.35pt">Revenues</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">252,815</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">232,170</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">86,858</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">109,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">182,572</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -9.35pt; padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Cost of revenues<SUP>(1)</SUP></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(144,651</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(144,946</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(124,290</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(135,103</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(139,309</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Gross profit (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108,164</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">87,224</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(37,432</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,103</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43,263</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -9.35pt; padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Operating expenses<SUP>(1)</SUP></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(12,530</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(36,472</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(51,086</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(174,528</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(11,228</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Income (loss) from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">95,634</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,752</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(88,518</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(200,631</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,035</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Income (loss) before income taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">85,744</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43,490</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(102,992</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(219,819</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,649</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Income tax expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,257</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,718</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,253</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,272</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Net income (loss) from continuing operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72,487</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,772</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(113,245</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(221,091</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,649</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -9pt; padding-left: 9.35pt">Total loss from discontinued operation</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,339</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(5,858</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,392</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -9pt; padding-left: 9.35pt">Net income (loss)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">69,148</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,914</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(115,637</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(221,091</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,649</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -9pt; padding-left: 9.35pt">Net income (loss) attributable to non-controlling interest</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">576</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,590</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,708</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(150,147</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -9pt; padding-left: 9.35pt">Net income (loss) attributable to Daqo New Energy shareholders</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">65,271</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">33,324</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(111,929</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(70,944</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,649</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -9pt; padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Earnings (loss) per ADS<SUP>(2)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 9.35pt">Continuing operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.00</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15.75</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10.25</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.02</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9.35pt">Discontinued operations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.50</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.75</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.25</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -9pt; padding-left: 9.35pt">Basic</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">11.50</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">4.75</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(16.00</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(10.25</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">2.02</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 9.35pt">Continuing operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.00</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15.75</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10.25</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.97</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9.35pt">Discontinued operations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.50</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.75</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.25</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -9pt; padding-left: 9.35pt">Diluted</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">11.50</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">4.75</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(16.00</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(10.25</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1.97</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 9.35pt">Ordinary shares used to calculating earnings per ordinary share</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -9pt; padding-left: 9.35pt">Basic &ndash; ordinary shares</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">117,839,487</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">175,714,103</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">175,067,343</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">173,068,420</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">206,349,976</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -9pt; padding-left: 9.35pt">Diluted &ndash; diluted shares</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">140,726,323</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">175,714,103</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">175,067,343</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">173,068,420</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">211,353,643</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>Includes share-based compensation expenses in the amount of $2.2 million, $1.9 million and $1.8 million for the years ended
December 31, 2012, 2013 and 2014, respectively.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>Effective on December 21, 2012, Daqo adjusted the ratio of its American depositary shares (&ldquo;ADSs&rdquo;) representing
ordinary shares from one (1) ADS for five (5) ordinary shares to one (1) ADS for twenty-five (25) ordinary shares. All per ADS
figures in this report give effect to the forgoing ADS to share ratio change.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2010</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2011</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Other Financial and Operating Data:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD NOWRAP STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%; text-align: left">Polysilicon production volume (in MT)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">3,771</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">4,524</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">3,349</TD><TD NOWRAP STYLE="width: 1%; text-align: left"><SUP>(1)</SUP></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">4,805</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">6,560</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Polysilicon sales volume (in MT)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,650</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,947</TD><TD STYLE="text-align: left"><SUP>(3)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,262</TD><TD NOWRAP STYLE="text-align: left"><SUP>(2)(3)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,283</TD><TD STYLE="text-align: left"><SUP>(3)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,972</TD><TD STYLE="text-align: left"><SUP>(3)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Unit cost of polysilicon sold (in $/kg)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31.9</TD><TD NOWRAP STYLE="text-align: left"><SUP>(2)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.02</TD><TD STYLE="text-align: left"><SUP>(4)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.68</TD><TD STYLE="text-align: left"><SUP>(4)</SUP></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>Excluding 617 MT polysilicon produced in Xinjiang facilities during the pilot production period.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>Excluding 323 MT polysilicon sold, and the cost of such polysilicon sold, as applicable, from Xinjiang facilities during the
pilot production period.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD>The polysilicon sales volume here only refers to external sales. Internal sales to our in-house wafer facilities were 315 MT,
770 MT and 671 MT in 2012, 2013 and 2014, respectively.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD>The unit cost here only refers to the polysilicon made in Xinjiang facilities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following table presents a summary of our
consolidated balance sheet data as of the dates set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2010</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2011</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center">(in thousands of US$)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Consolidated Balance Sheet Data:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 35%; text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Cash and cash equivalents</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">203,636</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">92,697</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">6,679</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">7,831</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">7,068</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Restricted cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">64</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,600</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,650</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,826</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,169</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Total current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">241,738</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">179,453</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">96,511</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">91,144</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">121,949</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Property, plant and equipment, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">399,558</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">636,475</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">677,895</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">488,504</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">559,006</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Total assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">650,971</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">878,477</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">816,308</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">610,200</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">710,131</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Short-term bank borrowings, including current portion of long-term borrowings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71,601</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">111,805</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">120,280</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">118,871</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">159,804</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Total current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">171,010</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">217,841</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">260,311</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">299,124</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">396,068</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Long-term bank borrowings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">83,001</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">165,646</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">187,521</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">134,870</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">77,336</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Total liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">254,548</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">426,450</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">475,430</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">472,873</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">503,363</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Total Daqo New Energy Corp. shareholders&rsquo; equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">263,481</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">311,178</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">202,106</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">137,327</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">206,768</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Noncontrolling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">132,942</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">140,848</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">138,772</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Total equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">396,423</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">452,026</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">340,878</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">137,327</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">206,768</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9.35pt; padding-left: 9.35pt">Total liabilities and equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">650,971</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">878,477</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">816,308</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">610,200</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">710,131</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Capitalization and Indebtedness</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">C. Reasons for the Offer and
Use of Proceeds</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">D. Risk Factors</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Risks Related to Our Business</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our ability to maintain our growth
and profitability depend on the demand for photovoltaic products and the development of photovoltaic technologies, among other
things.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The solar industry is at a relatively early
stage of development, and the extent of acceptance of photovoltaic products is uncertain. The photovoltaic industry does not have
data as far back as the semiconductor industry or other more established industries, for which trends can be assessed more reliably
from data gathered over a longer period of time. Demand for photovoltaic products may not develop or may develop to a lesser extent
than we anticipate. Many factors may affect the viability of widespread adoption of photovoltaic technology and demand for photovoltaic
products, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>decreases in government subsidies and incentives to support the development of the photovoltaic industry;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the international trade conflicts and the consequential imposed tariffs for solar photovoltaic, or PV, products;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>relative cost-effectiveness, performance and reliability of photovoltaic products compared to conventional and other renewable
energy sources and products;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>success of other alternative energy sources, such as wind power, hydroelectric power and biofuel;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>fluctuations in economic and market conditions that affect the viability of conventional and other renewable energy sources,
such as increases or decreases in the prices of oil and other fossil fuels;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the ability of photovoltaic product manufacturers to finance their business operations, expansions and other capital expenditures;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>capital expenditures by end users of photovoltaic products, which tend to decrease when the economy slows down; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>deregulation or other regulatory actions affecting the electric power industry and the broader energy industry.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In the event that photovoltaic technologies
do not develop in a manner that increases the demand for polysilicon or demand for solar products does not expand as we expect,
average selling prices may move downward as a result, and our future growth and profitability will be materially and adversely
affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Increasing polysilicon prices may
lead to some polysilicon manufacturers reentering the market, which could cause polysilicon prices to decline and materially and
adversely affect our profitability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our polysilicon sales prices are affected by
a variety of factors, including global supply and demand conditions. Over the years, many polysilicon manufacturers have significantly
increased their capacity to meet customer demand and continue to expand capacities in order to achieve economies of scale. However,
the slow and uneven economic recovery from the global financial crisis as well as the significant decrease in global petroleum
prices since their peak in mid-2008 have reduced or delayed the general demand for photovoltaic products. In late 2008 and 2009,
newly available polysilicon supply and slowed global photovoltaic market growth resulted in an excess supply of polysilicon, which
led to a significant decline in polysilicon prices. Although global photovoltaic demand recovered substantially from the second
half of 2010 through the first half of 2011, the market price for polysilicon experienced another significant decline in the second
half of 2011 due to excess supply and decreasing demand. In 2012, the market price for polysilicon continued to decline. As a result
of the polysilicon supply and demand fluctuation, we reduced the selling price of our polysilicon and thus experienced a continued
decrease in revenues derived from polysilicon in 2012. In 2013, global demand for polysilicon began to increase, and such trend
continued into 2014. Nevertheless, the average selling price of polysilicon in China was under pressure during the fourth quarter
of 2014 due to rising volume of polysilicon imported from overseas. As a result, polysilicon manufacturers with competitive cost
structures benefited from the increase in sales prices and global demand. If sales price continues to go up, some polysilicon manufacturers
with less competitive cost structures may be able to reenter the market, which could cause polysilicon prices to decline and thus
materially and adversely affect our profitability.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;</I>&nbsp;</B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We may not be able to continue to
receive the same level of support from Daqo Group Co., Ltd., or Daqo Group, a related party of ours, which may have a material
adverse effect on our business and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Since our inception, we have substantially
benefited from financial support from Daqo Group, one of the largest electrical equipment manufacturers in China, and we expect
to continue to benefit from Daqo Group in the foreseeable future. As of December 31, 2014, we had amounts due to Daqo Group and
its subsidiaries in the form of interest-free loans of $89.7 million which are payable on demand. Please see &ldquo;&mdash; We
need a significant amount of cash to fund our future capital expenditure requirements and working capital needs; if we cannot obtain
additional sources of liquidity when needed, our growth prospects and future profitability may be materially and adversely affected&rdquo;
below. In addition, Daqo Group has granted us a permanent and royalty-free license to use the &ldquo;Daqo&rdquo; brand, which is
a well-recognized brand in the electrical industry in China. We have benefited from the strong brand recognition of &ldquo;Daqo&rdquo;
in our business development efforts, as evidenced by our ability to secure major customers based in China within a short period
after we commenced commercial production of polysilicon. Daqo Group has agreed in writing not to engage in the business of manufacturing,
marketing or distributing polysilicon or any other solar power products anywhere in the world or compete in any manner with our
businesses without our consent for an indefinite term. Daqo Group provides financial support to us to meet certain of our working
capital requirements and obligations as they come due. However, we cannot assure you that we will continue to receive the same
level of support, or any support at all, from Daqo Group in the future. If Daqo Group ceases to support us, our business, results
of operations and prospects may be materially and adversely affected. In addition, any negative publicity associated with Daqo
Group will likely have an adverse impact on our reputation, which could materially and adversely affect our business. In the event
of any disagreements with Daqo Group, we may have to resort to legal proceedings in China to enforce our rights, which could be
costly, time consuming and involve uncertain outcomes.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We experienced a significant decrease
in our revenues in 2012 and incurred substantial net losses in 2012 and 2013. Although we generated a profit in 2014, we may experience
future losses and may not be able to generate sufficient revenues in the future to sustain profitability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As a result of the slump in the global demand
for and sales price of polysilicon, we experienced a significant decrease in our revenues for our continuing operations in 2012
as compared to 2011 and incurred a net loss of $115.6 million in 2012. Despite improvements in our revenue in 2013 compared to
2012, in 2013 we still incurred a net loss of $221.1 million including $158.4 million of fixed-asset impairment loss, compared
to $115.6 million including $42.8 million of fixed-asset impairment loss in 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We had net income of $16.7 million in the year
ended December 31, 2014 as a result of our continuous cost reduction efforts and increased global demand for and sales price of
polysilicon, as well as a decrease in depreciation expenses of approximately $18.7 million. Since January 1, 2014, we revised the
estimate of the expected useful lives of the machinery and equipment from 10 years to 15 years, and the buildings and structures
from 20 years to 30 years, which reduced depreciation expenses by approximately $18.7 million. Although we generated a profit in
2014, we may not be able to sustain profitability and our cash flows may be negative again in the future. Please see &ldquo;&mdash;
Our revenues and results of operations have fluctuated and are likely to fluctuate in the future&rdquo; below.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We had a significant working capital
deficit as of December 31, 2014. Daqo Group provides financial support to us to meet certain of our working capital requirements
and obligations as they become due. If we are not able to generate adequate operating cash flow or obtain adequate financial support
from Daqo Group or from other sources, we will face the risk of not being able to continue as a going concern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The challenging solar photovoltaic market situation
in 2012 characterized by declining prices across the whole value chain has caused our polysilicon and wafer businesses to experience
significant financial losses. Even though the industry started to recover slowly during 2013 and into 2014, we are unable to predict
if the current upward trend will continue. As of December 31, 2014, we had a working capital deficit (being our total consolidated
current liabilities less our total consolidated current assets) of $274.1 million. In addition, we have made and expect to continue
to make significant capital expenditures on our expansion project at our Xinjiang polysilicon facilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our continuation as a going concern is dependent
upon financial support from Daqo Group and our ability to continue to obtain other sources of financing. Daqo Group provides financial
support to us to meet certain of our working capital requirements and obligations as they become due. As of December 31, 2014,
we had amounts due to Daqo Group and its subsidiaries in the form of interest-free loans of $89.7 million. On March 6, 2015, we
obtained a letter of financial support from Daqo Group and certain of our other shareholders in which they have committed to provide
us with sufficient funding to support our operations during the twelve months ending December 31, 2015. Further, the letter of
financial support provides that Daqo Group will not require us to pay the amounts that we owed to Daqo Group and three of its subsidiaries,
Daqo Solar Co., Ltd, or Daqo Solar, Xinjiang Daqo Investment Co., Ltd., or Xinjiang Daqo Investment, and Daqo New Material, as
of December 31, 2014, before January 1, 2016. In addition, Dago Group will provide us with funding to support us to repay all the
financial obligations already committed related to the expansion project at our Xinjiang facilities and we are not required to
repay such amounts before January 1, 2016. As a condition for obtaining Daqo Group&rsquo;s financial support, we are required to
immediately suspend the expansion project at our Xinjiang facilities if we do not have sufficient financial resources to continue
the project after we repay all other financial obligations as they become due in the twelve months ending December 31, 2015. However,
we can provide no assurances that Daqo Group and our shareholders will honor their undertakings under the letter of financial support.
If the Daqo Group or its subsidiaries were to be unable to honor their undertakings under the letter of financial support or if
the industry reverses its current upward trend in demand, we will face significant pressure on our working capital and we will
face the risk of not being able to continue as a going concern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our consolidated financial statements do not
reflect any adjustments relating to recoverability and classification of recorded assets or the amounts and classification of liabilities
or any other adjustments that might be necessary should we be unable to continue as a going concern. Our inability to continue
as a going concern would materially and adversely affect our financial condition, results of operations and business prospects.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The reduction in or elimination of
government subsidies and economic incentives for solar energy applications could cause demand for our products and our revenues
to decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">When upfront system costs are factored into
cost per kilowatt hour, the current cost of solar power still exceeds the cost of traditional forms of energy in many locations.
As a result, national and local governmental authorities in many countries, including China, have provided subsidies and economic
incentives in the form of feed-in tariffs, rebates, tax credits and other incentives to distributors, system integrators and manufacturers
of photovoltaic products to promote the use of solar energy and to reduce dependency on other forms of energy. We believe that
the near-term growth of the market for solar energy applications depends in large part on the availability and size of government
subsidies and economic incentives. The reduction or elimination of government subsidies and economic incentives may hinder the
growth of this market or result in increased price competition for solar energy products, which could cause our revenues to decline.
These government subsidies and economic incentives could be reduced or eliminated altogether. For example, in 2010, Spain announced
its plan to cut the subsidized electricity prices paid to new photovoltaic solar power plants by up to 45%, which significantly
reduced installations of new solar energy projects in the country. In 2010, Germany introduced an approximately 24% to 26% solar
feed-in tariffs reduction for rooftop systems and 20% to 25% reduction for ground-based systems. In early 2012, Germany further
reduced its feed-in tariffs by 15% to up to 24.43 Euro cents per kilowatt hour for rooftop systems and up to 18.76 Euro cents per
kilowatt hour for ground-based systems. On July 5, 2012, Italian officials published a ministerial decree which revised the system
of incentives for the production of electricity from PV plants. Pursuant to the ministerial decree, the incentives for new PV plants
will cease once the relevant total expenditure reaches EUR6.7 billion. In 2013, the German government announced plans to reduce
the expansion of solar power after Germany added 7.5 gigawatts, or GW, and 7.6 GW of capacity in 2011 and 2012, respectively, to
bring its total to 32.6 GW, which was nearly as much as the rest of the world combined. In 2014, the total solar PV installation
in Germany was 1.9 GW, decreased from 3.3 GW in 2013. In addition, government financial support of photovoltaic products has been,
and may continue to be, challenged on constitutional grounds and found unlawful in certain countries. The slowdown of the European
and Chinese economy in 2013 and 2014 may continue to exert downward pressure on the amount of government subsidiaries for solar
energy applications in these two regions. In 2014, although global solar PV installations increased by over 23.3% compared to 2013,
the European markets shrank significantly in major markets like Germany, Italy and Spain. Furthermore, oil prices started to move
downward in the second half of 2014. If the decrease in oil prices continues, government incentives provided to the solar industry
in major markets may be reduced, which may result in a decrease in average selling prices of polysilicon. Reductions in, or elimination
of, government subsidies and economic incentives for solar energy applications before the photovoltaic industry reaches the economies
of scale necessary for solar power to become cost-effective in a non-subsidized market place could result in decreased demand for
solar generation products and, as a result, for polysilicon, which could cause our revenues to decline.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our limited operating history may
not serve as an adequate basis to judge our future prospects and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have a limited operating history. We commenced
polysilicon manufacturing in 2008 and wafer manufacturing in 2011. Several of our senior management and key employees have worked
together at our company for only a relatively short period of time, and a number of our senior officers were promoted to their
posts in October 2012. Our future success will depend on our ability to expand our manufacturing capacity significantly beyond
its current level and further expand our customer base. To address these risks, we must, among other things, continue to respond
to competition and volatile market developments, attract, retain and motivate qualified personnel, implement and successfully execute
expansion plans and improve our technologies. We cannot assure you that we will be successful in addressing such risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Although we were profitable in 2011, we experienced
significant decreases in revenue and incurred substantial net losses in 2012 and 2013. We had positive net income in 2014. However,
our limited operating history makes the prediction of future results of operations difficult, and therefore, it is unclear if we
could sustain revenue growth or profitability in the future. Our business model, technology and ability to achieve satisfactory
manufacturing yields for polysilicon at higher volumes are unproven. Compared to companies with a long and well-established operating
history and companies operating in less volatile sectors, our results of operations are more susceptible to the impact of adverse
operating environment and supply and demand risks.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our revenues and results of operations
have fluctuated and are likely to fluctuate in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Fluctuations of our revenues and results of
operations may occur on a quarterly and on an annual basis and may be due to a number of factors, many of which are beyond our
control. These factors include, among others, fluctuation in the global average selling prices of photovoltaic products, fluctuation
in the volume of our products shipped, changes in end-user demand for the photovoltaic products manufactured and sold by us or
our customers, the gain or loss of significant customers, the availability of governmental subsidies or financial support and changes
in our electricity, natural gas, raw material or labor costs. For example, although our revenue has improved since 2013 and we
have regained profitability in 2014, our revenues and results of operations may worsen again if one or more of these factors become
unfavorable to our business. Furthermore, wafers traditionally have had lower profit margins than polysilicon, and we may need
to price aggressively to gain market share or remain competitive in this business, which may further reduce our net margins and
cause our financial results to fluctuate from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Therefore, you should consider our future prospects
in light of the risks and uncertainties experienced by early stage companies in a rapidly evolving and increasingly competitive
market in China.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We need a significant amount of cash
to fund our future capital expenditure requirements and working capital needs; if we cannot obtain additional sources of liquidity
when needed, our growth prospects and future profitability may be materially and adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We need a significant amount of cash to fund
our operations. In particular, we will need substantial additional funding to finance our expansion project at our Xinjiang polysilicon
facilities, which includes relocating existing equipment from Chongqing, to meet our working capital requirements, and to repay
any short-term or long-term bank borrowings when due. We will also require cash resources to fund our research and development
activities in order to remain competitive on cost and technology.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have relied in the past and expect in the
next 12 months to continue to rely mainly on operating cash flows, renewal and roll-over of our bank credit facilities and financial
support from Daqo Group to finance our working capital and capital expenditures requirements. The photovoltaic markets remain competitive,
and payment collection in the solar photovoltaic industry remains challenging. Any delay or failure in collecting amounts owed
from customers will adversely affect our company&rsquo;s cash flow situation. In addition, future acquisitions, expansions, market
changes or other developments may cause us to require additional financing. We expect to incur additional debt in the future. Our
ability to obtain external financing in the future is subject to a number of uncertainties, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our future financial condition, results of operations and cash flows;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>general market conditions for financing activities by companies in our industry;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>economic, political and other conditions in China and elsewhere; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>development and sustainability of global economic recovery.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If we are unable to obtain funding in a timely
manner or on commercially acceptable terms, or at all, our growth prospects and ability to maintain profitability may be materially
and adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We may not be successful in our efforts
to continue to manufacture polysilicon in a cost-effective manner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The technology used to manufacture polysilicon
is complex, requires costly equipment and is continuously being modified in an effort to improve yields and product performance.
We may face significant challenges relating to polysilicon production in the future. Microscopic impurities such as dust and other
contaminants, difficulties in the manufacturing process, disruptions in the supply of utilities or defects in the key materials
or tools used to manufacture polysilicon could interrupt manufacturing, reduce yields or cause a portion of the polysilicon to
be rejected by our customers, which would materially and adversely affect our profitability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our effective capacity and ability to produce
high volumes of polysilicon depend on the cycle time for each batch of polysilicon. We may encounter problems in our manufacturing
process or facilities as a result of, among other things, production failures, construction delays, human error, equipment malfunction
or process contamination, all of which could seriously harm our operations. We are dependent on the availability of inexpensive
electricity to keep our production costs down. We may experience production delays if any modifications we make in the manufacturing
process to shorten production cycles are unsuccessful. Moreover, failure to achieve acceptable manufacturing levels may make our
polysilicon costs uncompetitive, which could materially and adversely affect our business, financial condition and results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Further development in alternative
polysilicon production technologies or other changes in the photovoltaic industry could render our production process too costly
or obsolete, which could reduce our market share and cause our sales and profits to decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Although the vast majority of the polysilicon
produced in the world utilizes the chemical vapor deposition process, or the &ldquo;modified Siemens process,&rdquo; several alternative
production processes have been developed that may have significantly lower production costs. Compared with other polysilicon production
processes, a disadvantage of the modified Siemens process is the large amount of electricity required. For example, REC, GCL and
SMP currently operate or are constructing facilities that use the &ldquo;fluidized bed reactor&rdquo; method for producing polysilicon
using saline (SiH4) as feed-in gas. Other polysilicon manufacturers are establishing facilities using upgraded metallurgical grade
silicon process to produce solar-grade polysilicon. Moreover, some polysilicon manufacturers who are using &ldquo;modified Siemens
process&rdquo; have adopted newer technologies such as Hydrochlorination, which could enable them to produce polysilicon in a more
cost effective way compared to the traditional &ldquo;modified Siemens process.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Further developments in competing polysilicon
production technologies may result in lower manufacturing costs or higher product performance than those achieved from the modified
Siemens process, including the one we employ. We will need to invest significant financial resources in research and development
to expand our market position, keep pace with technological advances in polysilicon production and effectively compete in the future.
Failure to further refine our technology could make our production process too costly or obsolete, which could reduce our margins
and market share, cause our revenues to decline and materially and adversely affect our results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Technological changes in the solar
power industry could render our products uncompetitive or obsolete, which could reduce our market share and cause our sales and
profits to decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The solar power industry is characterized by
evolving technologies and standards. These technological evolutions and developments place increasing demands on the improvement
of our products, such as polysilicon and wafers. Other companies may develop production technologies that enable them to produce
silicon wafers of higher quality at a lower cost than our products. Technologies developed or adopted by others may prove more
advantageous than ours for commercialization of solar power products and may render our products obsolete. As a result, we may
need to invest significant resources in research and development to maintain our market position, keep pace with technological
advances in the solar power industry, and effectively compete in the future. Our failure to further refine and enhance our products
and processes or to keep pace with evolving technologies and industry standards could cause our products to become uncompetitive
or obsolete, which could materially and adversely reduce our market share and affect our results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;&nbsp;</I></B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Alternative technologies in cell manufacturing
may reduce the demand for polysilicon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The vast majority of silicon-based photovoltaic
cell manufacturers use chunk or granular polysilicon. However, alternative technologies have been commercialized. One such technology,
thin-film cell production, uses little to no silicon in the production of solar cells. Thin-film solar cells are currently less
costly to produce than silicon-based solar cells. Significant expansion of thin-film solar cell production has been announced which
may put pressure on the entire value chain of silicon-based solar cell production. This expansion may in turn restrict the market
for silicon-based solar cells, which would reduce the demand for our polysilicon. If the demand for polysilicon is adversely affected
by increased demand for, and improvements to, alternative technologies, our revenues and results of operations could be materially
and adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our future commercial production and
expansion project in Xinjiang, China may not be successful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We finished construction of our Phase 2a polysilicon
facilities in Shihezi, Xinjiang Uyghur Autonomous Region in September 2012 and successfully reached our targets in terms of capacity
and cost structure by the end of the first quarter of 2013. We are in the process of conducting our Phase 2b capacity expansion
project at our Xinjiang polysilicon facilities, which is expected to be completed by the end of the second quarter of 2015 and
increase our polysilicon annual capacity from 6,150 MT to 12,150 MT. In addition, we are considering further capacity expansion
at our Xinjiang facilities in the medium term, or the Phase 3 expansion. Subject to market and industry conditions, we expect our
Phase 3 expansion, which may be conducted in two stages, to further increase our total polysilicon production capacity to 25,000
MT by early 2017. We are also in the process of upgrading our off-gas treatment process from traditional Hydrogenation technology
to Hydrochlorination technology. Although the Xinjiang location provides many strategic advantages, including lower electricity
costs, we face a number of uncertainties in relation with our future commercial production and expansion project in Xinjiang.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As part of our expansion project, we decided
to relocate existing machinery and equipment in our polysilicon facilities in Chongqing, with total book value of $116.1 million
as of December 31, 2013, to our Xinjiang facilities. As of December 31, 2014, we had relocated machinery and equipment of approximately
$46.1 million in book value. After a comprehensive analysis of the capacity and comparability of the Chongqing machinery and equipment,
we concluded that it would be more efficient to use the remaining machinery and equipment in Chongqing in our Phase 3 expansion,
which is expected to fully ramp up by early 2017, as compared with using them in our Phase 2 project. If we fail to complete our
Phase 3 expansion, or if we fail to successfully relocate, install or utilize the remaining machinery and equipment in the Phase
3 expansion, we may incur significant impairment losses related to such remaining machinery and equipment of approximately $70
million in book value, and our operating results and financial condition may be materially and adversely affected as a result.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In addition, there are many risks associated
with our future production in Xinjiang, any of which could cause significant disruption to production, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>failure to successfully adopt and implement Hydrochlorination technology, given our lack of experience with the technology
or the provider;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>being unable to complete our expansion plan as scheduled;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>failure to successfully install equipment relocated from the Phase 1 polysilicon facilities in Chongqing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>being unable to fully ramp-up the newly added capacity or achieve our targets for cost and quality;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>extremely cold temperatures;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>lack of workers in Xinjiang experienced with polysilicon manufacturing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>difficulties in timely transporting products to our customers, most of whom are located in other areas of China that are a
significant distance from Xinjiang; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>political or social unrest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">One or more of these factors could harm our
Xinjiang operations and consequently, could adversely affect our overall operating results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Furthermore, under the letter of financial
support we obtained from Daqo Group on March 6, 2015, we are required to immediately suspend the expansion project at our Xinjiang
facilities if we do not have sufficient financial resources to continue the project after we repay all other financial obligations
as they become due in the twelve months ending December 31, 2015. See &ldquo;&mdash; We had a significant working capital deficit
as of December 31, 2014. Daqo Group provides financial support to us to meet certain of our working capital requirements and obligations
as they become due. If we are not able to generate adequate operating cash flow or obtain adequate financial support from Daqo
Group or from other sources, we will face the risk of not being able to continue as a going concern&rdquo; above.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">If we are unable to manage our expansion
effectively, our business and financial results may be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013 and 2014, we experienced a period of
growth and expansion in terms of revenue and production capacity. We generated revenue of $86.9 million, $109.0 million and $182.6
million in 2012, 2013 and 2014, respectively. We ramped up our nameplate capacity to 6,150 MT in the first quarter of 2014. We
are in the process of expanding our polysilicon facilities in Xinjiang to increase our annual capacity of polysilicon production
to 12,150 MT. We are also considering further capacity expansion at the Xinjiang facilities in the medium term to expand total
polysilicon production capacity to 25,000 MT by early 2017. To accommodate our continued expansion, we anticipate that we will
need to implement a variety of new and upgraded operational and financial systems, procedures and controls, including the improvement
of our accounting and other internal management systems, all of which require substantial management efforts. We also will need
to continue to expand, train, manage and motivate our workforce and manage our customer relationships. All of these endeavors will
require substantial management efforts and skill and require significant additional expenditures. We cannot assure you that we
will be able to manage our growth effectively, and any failure to do so may have a material adverse effect on our business and
financial results. Moreover, even if we do expand our polysilicon manufacturing capacity and our wafer business as planned, we
may be unable to generate sufficient customer demand for our photovoltaic products to support our increased production levels or
successfully integrate our polysilicon and wafer manufacturing businesses to achieve operational efficiency, which could adversely
affect our business and results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our future success depends substantially
on our ability to significantly expand our polysilicon production capacity and output, and to relocate equipment to our Xinjiang
facilities, which exposes us to a number of risks and uncertainties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our future success depends on our ability to
significantly increase both polysilicon production capacity and output, and to relocate equipment to our Xinjiang facilities. If
we fail to do so, we may not be able to benefit from economies of scale to reduce our costs per kilogram of polysilicon, to maintain
our competitive position or to improve our profitability. Further, our expansion plans are dependent on the successful installation
of the equipment we are relocating to our Xinjiang facilities. Our ability to establish additional production capacity and increase
output is subject to significant risks and uncertainties, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the need to raise significant additional funds to purchase additional production equipment or to build additional manufacturing
facilities, which we may not be able to obtain on commercially viable terms or at all;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>cost overruns and delays as a result of a number of factors, many of which are beyond our control, such as increases in the
price of electricity or problems with equipment delivery;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>delays or denial of required approvals by relevant government authorities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>failure to obtain production inputs in sufficient quantities or at acceptable cost;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>significant diversion of management&rsquo;s attention and other resources; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>failure to execute our expansion plan effectively.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We operate in an increasingly competitive
market, and we may not be able to compete successfully with competitors who have greater resources than us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The photovoltaic market is expected to become
increasingly competitive. Our competitors include international polysilicon and wafer manufacturers, such as Hemlock, Wacker, OCI,
REC, MEMC, and Chinese domestic polysilicon and wafer manufacturers, such as GCL-Poly, TBEA, China Silicon Corporation, Sichuan
Xinguang Silicon Science and Technology, LDK Solar, ReneSola. In addition, some solar cell and module manufacturers, including
some of our existing and potential customers may have the intention of establishing polysilicon production or affiliate relationships
with manufacturers of polysilicon. We compete with these in-house capabilities, which could limit our ability to expand our sales
or even reduce our sales to our existing customers. Many of our competitors have substantially greater financial, technical, manufacturing
and other resources than we do. Our competitors&rsquo; greater size and longer operating history provide them with a competitive
advantage with respect to manufacturing costs because of their economies of scale and their ability to purchase raw materials at
lower prices. Our competitors may have stronger relationships or may enter into exclusive relationships with some of our key customers.
As a result, they may be able to respond more quickly to changing customer demands or to devote greater resources to the development,
promotion and sales of polysilicon than we can. Failure to adapt to changing market conditions and to compete successfully with
existing or new competitors may materially and adversely affect our financial condition and results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We depend on a limited number of customers
and sales contracts for a significant portion of our revenues, and the loss of any customer or cancellation of any contract may
cause significant fluctuations or declines in our revenues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2012, 2013 and 2014, our top three customers
in aggregate accounted for approximately 40.9%, 38.5% and 32.1% of our total revenues, respectively. We anticipate that our dependence
on a limited number of customers will continue for the foreseeable future. Consequently, any one of the following events may cause
material fluctuations or declines in our revenues:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reduction, delay or cancellation of orders from one or more of our significant customers;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>loss of one or more of our significant customers and failure to identify additional or replacement customers; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>failure of any of our significant customers to make timely payment for our products.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Polysilicon production is energy-intensive,
and if our energy costs rise or if our electricity and other utility supplies are disrupted, our results of operations will be
materially and adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The polysilicon production process, particularly
the modified Siemens process that we use, is highly dependent on a constant supply of electricity and other utilities, such as
steam, natural gas and water, to maintain the optimal conditions for polysilicon production. If electricity or other utility supplies
are not maintained at the desired level, we may experience significant delays in the production of polysilicon. In the past, there
were shortages in electricity supply in various regions across China, especially during peak seasons, such as in the summer. In
addition, the uncommonly cold weather in China in the winter of 2010 resulted in a surge in natural gas demand, which in turn caused
severe gas shortages in many regions, including Chongqing, where one of our polysilicon manufacturing sites is located. The local
governmental authorities in the worst-hit areas took measures to reduce or restrict the amount of natural gas supplied to non-residential
users. We primarily use natural gas for our in-house steam production and steam is critical for our manufacturing process. Although
the natural gas shortage did not directly affect our operations, if shortages become more severe in the future, our natural gas
supply may be reduced or suspended, which would significantly disrupt our manufacturing process. In addition to shortages, we are
subject to potential risks of interruptions in energy supply due to power outages, equipment failure, weather conditions or other
causes which could force us to cease production for a prolonged period of time. In the event that electricity or other utility
supplies to our manufacturing facilities are disrupted, our business, results of operations and financial condition could be materially
and adversely affected. Even if we have access to sufficient sources of electricity and other utilities, any significant increase
in the costs of utilities could adversely affect our profitability, as we consume substantial amounts of electricity and other
utilities in our manufacturing process. If electricity and other utility costs were to rise, our results of operations could be
materially and adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;</I></B>&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our current indebtedness could adversely
affect our business, financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of December 31, 2014, we had outstanding
long-term bank borrowings of $146.7 million, including current portion of long-term borrowings of $69.4 million, with a weighted
average interest rate of 6.9%, and outstanding short-term bank borrowings of $90.4 million with a weighted average interest rate
of 6.8%, and we expect to incur additional debt in the future. We borrowed the majority of these bank loans from Bank of China
and China Construction Bank with guarantees from Daqo Group. We cannot assure you that we will be able to renew these borrowings
when they become due or to obtain other loans or credits from other banks or other lenders on terms satisfactory to us or at all
to satisfy the substantial capital expenditure requirements associated with our capacity expansion, whether on our own or with
the continuing support from Daqo Group. In addition, the indebtedness could have an adverse effect on our future operations, including,
among other things: (1) reducing the availability of our cash flow to fund our working capital, capital expenditures or other general
corporate purposes as a result of interest or principal payments; (2) subjecting us to the risk of interest rate increases on our
indebtedness which bears floating interest rates; and (3) placing us at a competitive disadvantage compared to our competitors
that have less debt or are otherwise less leveraged. Any of these factors could have a material and adverse effect on our business,
financial condition and results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We face risks and uncertainties expanding
our business through alliances, joint ventures or acquisitions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We may in the future, if presented with appropriate
opportunities, acquire or invest in technologies, businesses or assets that are strategically important to our business or form
alliances with key players in the photovoltaic industry to further expand our business. Such acquisitions and investments could
expose us to potential risks, including risks associated with the assimilation of new operations, technologies and personnel, unforeseen
or hidden liabilities, the inability to generate sufficient revenues to offset the costs and expenses of acquisitions, and potential
loss of, or harm to, our relationships with employees, customers and suppliers as a result of integration of new businesses. Investments
in new businesses may also divert our cash flow from servicing our debts and making necessary capital expenditures. In addition,
we may incur impairment losses on our acquisitions and investments in equity securities. The diversion of our management&rsquo;s
attention and any difficulties encountered with respect to the acquisitions, investments or alliances or in the process of integration
could have an adverse effect on our ability to manage our business. Furthermore, our experience in the polysilicon manufacturing
industry may not be as relevant or applicable in downstream markets. We may also face intense competition from companies with greater
experience or established presence in the targeted downstream markets or competition from our industry peers with similar expansion
plans. Any failure to integrate any acquired businesses or joint ventures into our operations successfully and any material liabilities
or potential liabilities of any acquired businesses or joint ventures that are not identified by us during our due diligence process
for such acquisitions or investments could materially and adversely affect our business and financial condition.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">If we are unable to operate effectively
or operational disruptions occur, our business, results of operations and financial condition could be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Production of polysilicon requires the use
of volatile materials and chemical reactions sensitive to temperature and pressure and requires the use of external controls to
maintain safety. For example, in the production of polysilicon, we use trichlorosilane, or TCS, which is a highly combustible substance
if brought into contact with moisture in the air and is therefore potentially destructive and extremely dangerous if mishandled
or used in uncontrolled circumstances. The occurrence of a catastrophic event involving TCS as a result of a natural disaster or
human error at one of our polysilicon production facilities could threaten, disrupt or destroy a significant portion or all of
our polysilicon production capacity at such facilities for a significant period of time. Additionally, the smooth operation of
our polysilicon production facilities depends significantly on our ability to maintain temperatures and pressure at appropriate
levels, the supply of steam at a consistent pressure level, the availability of adequate electricity and our ability to control
the application of such electricity. Accordingly, mistakes in operating our equipment or an interruption in the supply of electricity
or steam at our production facilities could result in the production of substandard polysilicon or substantial shortfalls in production
and could reduce our production capacity for a significant period of time. In addition, we voluntarily shut down our manufacturing
facilities from time to time on an as-needed basis for maintenance and quality check purposes. For example, in September 2012,
we halted production at the Phase 1 polysilicon facilities for maintenance and technology improvement projects, which lasted until
we decided to relocate the equipment at this facility to Xinjiang in the second quarter of 2013. In April 2013, we temporarily
shut down our Phase 2 facilities in Xinjiang for periodic maintenance and technology improvements. In April 2014, we temporarily
shut down our Phase 2 facilities in Xinjiang for periodic maintenance and preparation for the Phase 2 Hydrochlorination project.
These abovementioned shutdowns have reduced and may further reduce the volume and increase the cost of polysilicon we produce.
In addition, we may need to use hazardous equipment for our wafer manufacturing process. Such equipment requires skill and experience
for safe operation. We could experience events such as equipment failures, explosions or fires due to employee errors, equipment
malfunctions, accidents, and interruptions in electricity or water cooling supplies, natural disasters or other causes. In addition,
such events could cause damage to properties, personal injuries or even deaths. As a result, we may in the future experience production
curtailments or shutdowns or periods of reduced production. The occurrence of any such events or disruptions could result in loss
of revenues and could also damage our reputation, any of which could have a material adverse effect on our business, operating
results and financial condition.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;&nbsp;</I></B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our operations are subject to natural
disasters, adverse weather conditions, operating hazards, environmental incidents and labor disputes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We may experience earthquakes, floods, mudslides,
snowstorms, typhoon, power outages, labor disputes or similar events beyond our control that would affect our operations. Our manufacturing
processes involve the use of hazardous equipment, including, but not limited to, furnaces, squaring machines and wire saws. We
also use, store and generate volatile and otherwise dangerous chemicals and waste during our manufacturing processes, which are
potentially destructive and dangerous if not properly handled or in the event of uncontrollable or catastrophic circumstances,
including operating hazards, fires and explosions, natural disasters, adverse weather conditions and major equipment failures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In addition, our polysilicon and wafer production
and storage facilities are located in either Chongqing or Xinjiang, China. The occurrence of any natural disaster, unanticipated
catastrophic event or unexpected accident in these locations could result in production curtailments, shutdowns or periods of reduced
production, which could significantly disrupt our business operations, cause us to incur additional costs and affect our ability
to deliver our products to our customers as scheduled, which may adversely affect our business, financial condition and results
of operations. Moreover, such events could result in severe damage to property, personal injuries, fatalities, regulatory enforcement
proceedings or in our being named as a defendant in lawsuits asserting claims for large amounts of damages, which in turn could
lead to significant liabilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Occurrences of natural disasters, as well as
accidents and incidents of adverse weather in or around either Chongqing or Xinjiang, China in the future may result in significant
property damage, electricity shortages, disruption of our operations, work stoppages, civil unrest, personal injuries and, in severe
cases, fatalities. Such incidents may result in damage to our reputation or cause us to lose all or a portion of our production
capacity, and future revenue anticipated to be derived from the relevant facilities, any of which could have a material adverse
effect on our business, operating results and financial condition.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Existing regulations and changes to
these regulations may present technical, regulatory, economic and trade barriers to the purchase and use of photovoltaic products,
which may significantly reduce demand for our products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Photovoltaic products are subject to national
and local regulations relating to building codes, safety, environmental protection, utility interconnection and metering and other
aspects of the electric utility industry. In a number of countries, including China, these regulations are being modified and may
continue to be modified. The purchases of, or further investment in the research and development of, alternative energy sources,
including photovoltaic technology, could be deterred by unfavorable regulations, which could result in a significant reduction
in the potential demand for our products. For example, without a regulatory mandated exception for solar power systems, electric
utility companies are often charged interconnection or standby fees for putting distributed power generation on the electric utility
grid. These fees could increase the cost to end users of using photovoltaic products and make them less desirable. In addition,
trade authorities in foreign countries may apply trade sanctions against photovoltaic product imports from China, if the foreign
trade authorities determine that the export sales from China are in violation of fair trade practices. Such trade sanctions can
result in significant additional duties, which will adversely affect our photovoltaic product demand, thereby harming our business,
prospects, results of operations and financial condition.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We obtain certain production equipment
from a limited number of suppliers, and if such equipment is not delivered on time, is damaged in shipment or is otherwise unavailable,
our ability to deliver polysilicon on time will suffer, which in turn could result in cancellation of orders and loss of revenues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our operations and expansion plans depend on
our ability to obtain a sufficient amount of equipment that meets our specifications on a timely basis. Some of our equipment used
in polysilicon and wafer production is not readily available from alternative vendors and would be difficult to repair or replace
if it were to become damaged or cease working. If any of these suppliers were to experience financial difficulties or go out of
business, or if there were any damage to or a breakdown of our production equipment, our business would incur losses. In addition,
a supplier&rsquo;s failure to supply our ordered equipment in a timely manner, with adequate quality and on terms acceptable to
us, could delay the capacity expansion of our manufacturing facilities and otherwise disrupt our production schedule or increase
our costs of production. We have experienced significant delays in the delivery of our key equipment in the past. Failure to obtain
equipment meeting our specifications could have a material adverse effect on our business, financial condition and results of operations.
Furthermore, demand for polysilicon and wafer production equipment may result in significant increases in prices of such equipment
or shortages in related components for our intended expansion. Any unexpected price increases could materially and adversely affect
our financial condition and results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;&nbsp;</I></B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We have sourced and will continue
to source some of our production equipment from Chinese manufacturers, and we cannot assure you that the China-sourced equipment
will perform at the same level as our imported equipment or will meet our quality requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have purchased key equipment from Chinese
and international suppliers. Compared to major international suppliers, our China-based suppliers generally have shorter operating
histories and less experience in providing equipment for the polysilicon industry. We cannot assure you that the locally made equipment
will perform at similar levels of quality and reliability as our imported equipment. In the event the China-sourced equipment does
not perform as well as the imported equipment or does not perform at all, we may encounter disruption in our manufacture or deterioration
of product quality, which in turn could materially and adversely affect our business, financial condition and results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Product defects could result in increased
costs, decreased sales, and damage to our customer relationships and our reputation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our photovoltaic products may contain defects
that are not detected until after it is shipped or processed by our customers. In the event our products are returned to us due
to product defects, we would be required to replace the defective products promptly. If we deliver products with defects, or if
there is a perception that our products are of substandard quality, we may incur substantially increased costs associated with
termination of contracts and replacement of shipped products, and our credibility, market reputation and relationship with customers
will be harmed and sales of our products may be materially and adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Substantially all of our production,
storage, administrative, and research and development facilities are located in either Chongqing or Xinjiang, China. Any damage
or disruption at these facilities would have a material adverse effect on our financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Substantially all of our production, storage,
administrative, and research and development facilities are currently located in either Chongqing or Xinjiang, China. Natural disasters,
such as fire, floods, typhoons, earthquakes, snow storms, or other unanticipated catastrophic events, including power interruption,
telecommunications failures, equipment failures, explosions, break-ins, terrorist acts or war, could significantly disrupt our
ability to manufacture our products and operate our business. If any of our production facilities or material equipment were to
experience any significant damage or downtime, we would not be able to meet our production targets and our business would incur
losses. Any damage or disruption at these facilities would have a material adverse effect on our business, financial condition
and results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We rely on third party intellectual
property for certain key aspects of our operations, which subjects us to the payment of license fees and potential disruption or
delays in the production of our products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">While we continue to develop and pursue patent
protection for our own technologies, we expect to continue to rely on third party license arrangements for certain key aspects
of our operations. For instance, we license from third party Hydrochlorination process technology for our polysilicon production.
See &ldquo;Item 4. Information on the Company &mdash; B. Business Overview &mdash; Intellectual Property&rdquo; for details of
the contractual arrangements. The fees associated with such licenses could adversely affect our financial condition and operating
results. If for any reason we are unable to license necessary technology on acceptable terms or at all, it may become necessary
for us to develop alternative technology internally, which could be costly and delay or disrupt our production and therefore have
a material adverse effect on our business and operating results.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Failure to protect our intellectual
property rights may undermine our competitive position, and litigation to protect our intellectual property rights may be costly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We rely primarily on trade secrets and other
contractual restrictions to protect our intellectual property. Contractual arrangements, such as the confidentiality and non-competition
agreements and terms between us and our research and development personnel, afford only limited protection and the actions we may
take to protect our trade secrets and other intellectual property may not be adequate. In addition, we currently hold 25 patents
and have 15 pending patent applications in China covering various aspects of the polysilicon and wafer manufacturing processes.
However, we cannot assure you that our patent applications will be eventually issued with sufficiently broad coverage to protect
our technology and products. Failure to protect our intellectual property and proprietary rights may undermine our competitive
position. Third parties may infringe on or misappropriate our proprietary technologies or other intellectual property and proprietary
rights and use them to compete against us, which could have a material adverse effect on our business, financial condition or operating
results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Policing unauthorized use of proprietary technology
can be difficult and expensive. In particular, the laws and enforcement procedures of China and certain other countries are uncertain
or do not protect intellectual property rights to the same extent as the laws and enforcement procedures of the United States do.
See &ldquo;&mdash; Risks Related to Doing Business in China &mdash; Uncertainties in the interpretation and enforcement of Chinese
laws and regulations could limit the legal protection available to you and us&rdquo; below. We may need to resort to court proceedings
to enforce our intellectual property rights in the future. Litigation relating to our intellectual property might result in substantial
costs and diversion of resources and management attention away from our business. An adverse determination in any such litigation
will impair our intellectual property and proprietary rights and may harm our business, prospects and reputation.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We may be exposed to infringement
or misappropriation claims by third parties, which, if determined adversely to us, could cause us to pay significant damage awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Although we are currently strengthening our
research and development capability, to date, substantially all of the intellectual property used in our production process was
developed by third parties. Our success will be jeopardized if we cannot use and develop our technology and know-how without infringing
the intellectual property rights of third parties. The validity and scope of claims relating to photovoltaic technology patents
involve complex scientific, legal and factual questions and analysis and, therefore, may be highly uncertain. We may be subject
to litigation involving claims of patent infringement or violation of other intellectual property rights of third parties. The
defense and prosecution of intellectual property suits, patent opposition proceedings, and related legal and administrative proceedings
can be both costly and time-consuming and may significantly divert the efforts and resources of our technical and management personnel.
An adverse determination in any such litigation or proceedings to which we may become a party could subject us to significant liability
to third parties, require us to seek licenses from third parties, to pay ongoing royalties, or to redesign our manufacturing process
or our products or subject us to injunctions prohibiting the manufacture and sale of our products or the use of our technologies.
Protracted litigation could also result in our customers or potential customers deferring or limiting their purchase or use of
our products until resolution of such litigation.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our business depends substantially
on the continuing efforts of our executive officers and key employees, and our business may be severely disrupted if we lose their
services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our future success depends substantially on
the continued services of our executive officers and key employees, especially Mr. Guangfu Xu, our chairman, and Dr. Gongda Yao,
our chief executive officer. If one or more of our executive officers or key employees were unable or unwilling to continue in
their present positions, we might not be able to replace them easily, in a timely manner, or at all. Our business may be severely
disrupted, our financial conditions and results of operations may be materially and adversely affected and we may incur additional
expenses to recruit, train and retain personnel. If any of our executive officers or key employees join a competitor or form a
competing company, we may lose customers, suppliers, know-how and key professionals and staff members. Each of our executive officers
and key employees has entered into an employment agreement with us, which contains non-competition provisions. However, if any
dispute arises between our executive officers and us, these agreements may not be enforceable in China, where these executive officers
reside, in light of uncertainties with China&rsquo;s legal system. See &ldquo;&mdash; Risks Related to Doing Business in China
&mdash; Uncertainties in the interpretation and enforcement of Chinese laws and regulations could limit the legal protection available
to you and us&rdquo; below.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Certain of our principal shareholders
have substantial influence over our company and their interests may not be aligned with the interests of our other shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of the date of this annual report, Messrs.
Guangfu Xu, Xiang Xu and Dafeng Shi, our directors that are affiliated with Daqo Group, beneficially owned a total of 88,677,275
or 33.3% of our ordinary shares, including shares that they had the right to acquire within 60 days. As a result of their high
level of shareholding, these shareholders have substantial influence over our business, including decisions regarding mergers,
consolidations and the sale of all or substantially all of our assets, election of directors and other significant corporate actions.
These shareholders may take actions that are not in the best interest of us or our other shareholders. This concentration of ownership
may discourage, delay or prevent a change in control of our company, which could deprive our other shareholders of an opportunity
to receive a premium for their shares as part of a sale of our company and might reduce the price of our ADSs. These actions may
be taken even if they are opposed by our other shareholders. These shareholders&rsquo; interests as beneficial owners of Daqo Group
may not always be aligned with their interests as our shareholders. Should any conflict of interest arise, these shareholders may
take actions not in the best interest of us and our other shareholders.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;</I>&nbsp;</B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">If we are unable to attract, train
and retain qualified personnel, our business may be materially and adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our future success depends, to a significant
extent, on our ability to attract, train and retain qualified personnel, particularly technical personnel with expertise in the
photovoltaic industry. Since our industry is characterized by high demand and intense competition for talent, there can be no assurance
that we will be able to attract or retain qualified technical staff or other highly skilled employees that we will need to achieve
our strategic objectives. As we have a limited operating history and are in a stage of rapid growth, despite recent setbacks, our
ability to train and integrate new employees into our operations may not meet the growing demands of our business. If we are unable
to attract and retain qualified personnel, our business may be materially and adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Compliance with environmental regulations
can be expensive, and non-compliance with these regulations may result in adverse publicity and potentially significant monetary
damages and fines.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As our manufacturing processes generate waste
water and gas and other industrial wastes, we are required to comply with all applicable regulations regarding protection of the
environment. We are in compliance with present environmental protection requirements and have all the necessary environmental permits
to conduct our business in all material respects. However, if more stringent regulations are adopted in the future, the cost of
compliance with these new regulations could be substantial. If we fail to comply with present or future environmental regulations,
we may be required to pay substantial fines, suspend production or cease operations, which in turn would have a material adverse
effect on our financial condition and results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The discontinuation of any of the
preferential tax treatments or the financial incentives and grants currently available to us in China could adversely affect our
overall results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Various Chinese governmental authorities
have provided tax incentives to our subsidiaries in China. These incentives include income tax exemption or reduced
enterprise income tax rates. For example, under the PRC Enterprise Income Tax Law, or the EIT Law, the statutory enterprise
income tax rate is 25%. However, our Chinese subsidiary, Chongqing Daqo New Energy Co., Ltd., or Chongqing Daqo, as a
&ldquo;Chongqing Municipality High and New Technology Enterprise,&rdquo; is entitled to a preferential enterprise income tax
rate of 15%. The status is valid until December 2015 and can be renewed for additional three-year terms upon Chongqing
Daqo&rsquo;s application and the government&rsquo;s approval. On November 25, 2014, Xinjiang Daqo New Energy Co., Ltd.,
or Xinjiang Daqo, our another Chinese subsidiary, obtained a High and New Technology Enterprise, or HNTE, certificate for
a valid period of 3 years till 2016. During the year ended December 31, 2014,
Xinjiang Daqo was entitled to a preferential tax rate of 15% because of its HNTE status. If there are significant changes in
the business operations, manufacturing technologies or other criteria that cause the enterprise to no longer meet the
criteria as a &ldquo;high and new technology enterprise,&rdquo; such status will be terminated from the year of such change.
We cannot assure you that Chongqing Daqo or Xinjiang Daqo will continue to qualify as a &ldquo;high and new
technology enterprise&rdquo; in future periods. Any increase in the enterprise income tax rate applicable to our Chinese
subsidiaries or discontinuation or reduction of any of the preferential tax treatments or financial incentives currently
enjoyed by our subsidiaries in China could adversely affect our business, operating results and financial condition.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The dividends we receive from our
Chinese subsidiaries and our global income may be subject to Chinese tax under the EIT Law, which would have a material adverse
effect on our results of operations; our foreign ADS holders may be subject to a Chinese withholding tax upon the dividends payable
by us and Chinese tax on gains realized upon the sale or other disposition of our ADSs if we are classified as a Chinese &ldquo;resident
enterprise.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under the Chinese enterprise income tax laws
and regulations, dividends, interests, rent, royalties and gains on transfers of property payable by a foreign-invested enterprise
in China to its foreign investor who is a non-resident enterprise will be subject to a 10% withholding tax, unless such non-resident
enterprise&rsquo;s jurisdiction of incorporation has a tax treaty with China that provides for a reduced rate of withholding tax
and such non-resident enterprise is the beneficial owner of the dividends, interests, rent, royalties and gain on transfers of
property. The Cayman Islands, where Daqo Cayman is incorporated, does not have such a tax treaty with China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under the EIT Law, an enterprise established
outside China with its &ldquo;de facto management body&rdquo; within China is considered a &ldquo;resident enterprise&rdquo; in
China and will be subject to the Chinese enterprise income tax at the rate of 25% on its worldwide income. In April 2009, the Chinese
State Administration of Taxation issued a circular to clarify criteria for determining the &ldquo;resident enterprise&rdquo; status
of foreign companies which are controlled by PRC enterprises or PRC enterprise groups. Pursuant to the circular, to determine whether
a company formed outside of mainland China and controlled by PRC enterprises or PRC enterprise groups incorporated in China should
be treated as a Chinese resident enterprise, the tax authority will review factors such as the routine operation of the organizational
body that effectively manages the enterprise&rsquo;s production and business operations, locations of personnel holding decision-making
power, location of finance and accounting functions and properties of the enterprise, and whether more than half of the directors
or senior management personnel reside in China. Substantially all of our management members are based in China. However, it remains
unclear how PRC tax authorities will classify an overseas company such as ours, which is controlled by PRC natural persons rather
than PRC enterprises. If the Chinese tax authorities subsequently determine that Daqo Cayman should be classified as a resident
enterprise, then our worldwide income will be subject to Chinese income tax, which may have a material adverse effect on our financial
condition and results of operations. Notwithstanding the foregoing provision, the EIT Law also provides that, if a resident enterprise
directly invests in another resident enterprise, the dividends received by the investing resident enterprise from the invested
enterprise are exempted from income tax, subject to certain conditions. Therefore, if Daqo Cayman is classified as resident enterprise
under the EIT Law, the dividends received from our Chinese subsidiaries may be exempted from withholding tax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Moreover, if Dago Cayman is classified as a
&ldquo;resident enterprise&rdquo; in China, non-resident enterprise ADS holders may be subject to a 10% withholding tax (20% in
the case of non-PRC individual ADS holders) upon dividends payable by us and 10% tax on gains realized upon the sale or other disposition
of our ADSs (20% in the case of non-PRC individual ADS holders). Any such tax may reduce the returns on your investment in our
ADSs.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We have limited insurance coverage.
In particular, we do not have any product liability insurance or business interruption insurance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As the insurance industry in China is still
in an early stage of development, the product liability insurance and business interruption insurance available in China offer
limited coverage compared to that offered in many other countries. We do not have any product liability insurance or business interruption
insurance. Any business disruption or natural disaster could result in substantial costs and a diversion of resources, which would
have a material adverse effect on our business and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As with other photovoltaic product manufacturers,
we are exposed to risks associated with product liability claims if the use of our photovoltaic products results in injury. Since
our polysilicon products are made into electricity generating devices, it is possible that users could be injured or killed by
devices that use our products as a result of product malfunctions, defects, improper installation or other causes. We only began
commercial shipment of our photovoltaic products in July 2008 and, because of our limited operating history, we cannot predict
whether product liability claims will be brought against us in the future or the effect of any resulting negative publicity on
our business. The successful assertion of product liability claims against us could result in potentially significant monetary
damages and require us to make significant payments.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We have granted, and may continue
to grant, stock options and other share-based compensation in the future, which may materially impact our future results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We adopted our 2009 share incentive plan, or
the 2009 Plan, and our 2014 share incentive plan, or the 2014 Plan, in August 2009 and December 2014, respectively, that permit
the grant of stock options, restricted shares and restricted share units to employees, directors and consultants of our company.
Under the 2009 Plan and the 2014 Plan, we may issue awards to purchase up to 15,000,000 and 21,000,000 ordinary shares, respectively.
As of the date of this annual report, excluding expired or cancelled options, we have granted options to purchase a total of 20,210,191
of our ordinary shares under these plans. In addition, we modified the exercise prices for certain outstanding options in January
2012, April 2013 and January 2015 in order to provide additional incentives to our employees and directors pursuant to an express
authorization under our share incentive plan, allowing our board of directors to approve a downward adjustment of the option exercise
prices without our shareholders&rsquo; approval. As a result of these option grants, option re-pricings and potential future grants
under the plans, we have incurred, and will incur in future periods, significant share-based compensation expenses. We account
for compensation costs for all stock options using a fair-value based method and recognize expenses in our consolidated statement
of income in accordance with the relevant rules in accordance with U.S. GAAP, which may have a material adverse effect on our net
income. Moreover, the additional expenses associated with share-based compensation may reduce the attractiveness of such incentive
plans to us. However, if we limit the scope of our share incentive plans, we may not be able to attract or retain key personnel
who expect to be compensated with incentive shares or options.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Risks Related to Doing Business in China</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Changes in China&rsquo;s economic,
political or social conditions or government policies could have a material adverse effect on our business and operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Substantially all of our assets are located
in and substantially all of our revenues are currently sourced from China. Accordingly, our business, financial condition, results
of operations and prospects may be influenced to a significant degree by political, economic and social conditions in China generally
and by continued economic growth in China as a whole.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The Chinese economy differs from the economies
of most developed countries in many respects, including the level of government involvement, level of development, growth rate,
control of foreign exchange and allocation of resources. Although the Chinese government has implemented measures since the late
1970s emphasizing the utilization of market forces for economic reform, the reduction of state ownership of productive assets and
the establishment of improved corporate governance in business enterprises, a substantial portion of productive assets in China
is still owned by the Chinese government. In addition, the Chinese government continues to play a significant role in regulating
industry development by imposing industrial policies. The Chinese government also exercises significant control over the Chinese
economic growth through the allocation of resources, controlling payment of foreign currency-denominated obligations, setting monetary
policy and providing preferential treatment to particular industries or companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">While the Chinese economy has experienced significant
growth over the past decades, growth has been uneven, both geographically and among various sectors of the economy. The Chinese
government has implemented various measures to encourage economic growth and guide the allocation of resources. Some of these measures
benefit the overall Chinese economy, but may also have a negative effect on us. For example, our operating results and financial
condition may be adversely affected by government control over capital investments or changes in tax regulations that are applicable
to us, and by government policies or guidance aimed at curtailing the perceived over-capacity of certain industry sectors, such
as polysilicon, steel, concrete and wind power equipment. See &ldquo;Item 4. Information on the Company &mdash; B. Business Overview
&mdash; Regulation &mdash; Renewable Energy Law and Other Government Directives.&rdquo; The Chinese government has implemented
certain measures, including interest rate increases, to control the pace of economic growth. These measures may cause decreased
economic activity in China, which could in turn reduce the demand for our products and materially and adversely affect our operating
results and financial condition.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Uncertainties in the global economy
and the Chinese economy may adversely affect our business, results of operations and financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The global financial markets experienced significant
disruptions in 2008 and the United States, Europe and other economies went into recession. The recovery from the lows of 2008 and
2009 was uneven and is facing new challenges, including the escalation of the European sovereign debt crisis since 2011 and the
slowdown of the Chinese economy in 2012 and 2013. It is unclear whether the European sovereign debt crisis will be contained and
whether the Chinese economy will resume its high growth rate. There is considerable uncertainty over the long-term effects of the
expansionary monetary and fiscal policies that have been adopted by the central banks and financial authorities of some of the
world&rsquo;s leading economies, including China&rsquo;s. There have also been concerns over unrest in the Middle East and Africa,
which have resulted in volatility in oil and other markets, and over the possibility of a war involving Iran. There have also been
concerns about the economic effect of the territorial disputes involving China in Asia and the tensions in the relationship between
China and Japan. Economic conditions in China are sensitive to global economic conditions. Any prolonged slowdown in the global
or Chinese economy may have a negative impact on our business, results of operations and financial condition, and continued turbulence
in the international markets may adversely affect our ability to access the capital markets to meet liquidity needs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Since we derive substantially all of our revenues
from customers in China, any prolonged slowdown in the Chinese economy may have a negative impact on our business, results of operations
and financial condition in a number of ways. For example, our customers may reduce or delay spending with us, while we may have
difficulty expanding our customer base fast enough, or at all, to offset the impact of decreased spending by our existing customers.
In addition, to the extent we offer credit to any customer and such customer experiences financial difficulties due to the economic
slowdown, we could have difficulty collecting payment from such customer.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Uncertainties in the interpretation
and enforcement of Chinese laws and regulations could limit the legal protection available to you and us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The Chinese legal system is a civil law system
based on written statutes. Unlike common law systems, it is a system in which legal decisions have limited value as precedents.
In the late 1970s, the Chinese government began to promulgate a comprehensive system of laws and regulations governing economic
matters in general. The overall effect of legislation and rule-making over the past three decades has been to significantly increase
the protections afforded to various forms of foreign or private-sector investment in China. Our Chinese operating subsidiary, Chongqing
Daqo, is a foreign-invested enterprise and is subject to laws and regulations applicable to foreign-invested enterprises as well
as various Chinese laws and regulations generally applicable to companies in China. Our business is also subject to various industry
policy, safety and environmental laws and regulations that affect our operations and production facility expansion plans, including
those related to investment, project construction, building, zoning, fire prevention and work safety. These laws and regulations
are still evolving, and their interpretation and enforcement involve uncertainties. In addition, due to the inconsistent regulatory
enforcements in China, local Chinese governmental authorities have significant discretion in interpreting and implementing rules
and regulations, and there is no assurance that the central government authorities will always agree with the interpretations and
implementations of the local governmental authorities. Currently, we possess all material local governmental approvals relating
to our operations and production capacity expansion plans. However, if a central government agency requires us to obtain its approval
and if we fail to obtain such approval in a timely manner, or at all, we may be subject to the imposition of fines against us,
or the suspension or cessation of our production capacity expansion plans. See &ldquo;Item 4. Information on the Company &mdash;
B. Business Overview &mdash; Regulation &mdash; Renewable Energy Law and Other Government Directives.&rdquo; It may be more difficult
to evaluate the outcome of any regulatory or legal proceedings and the level of legal protection we enjoy than in more developed
legal systems. These uncertainties may impede our ability to continue our operations or planned capacity expansions, which, as
a result, could materially and adversely affect our business and operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Chinese regulations relating to offshore
investment activities by Chinese residents may increase the administrative burden we face and may subject our Chinese resident
beneficial owners or employees to personal liabilities, limit our subsidiaries&rsquo; ability to increase its registered capital
or distribute profits to us, limit our ability to inject capital into our Chinese subsidiaries, or may otherwise expose us to liability
under Chinese law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The State Administration of Foreign Exchange,
or SAFE, has promulgated regulations that require Chinese residents and Chinese corporate entities to register with local branches
of SAFE in connection with their direct or indirect offshore investment activities. These regulations may apply to our shareholders
who are Chinese residents and may apply to any offshore acquisitions that we make in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">SAFE promulgated the Circular on Relevant Issues
Concerning Foreign Exchange Control on Relating to Domestic Resident&rsquo;s Offshore Investment and Financing and Roundtrip Investment
through Special Purpose Vehicles, or SAFE Circular 37, in July 2014 that requires PRC residents or entities to register with SAFE
or its local branch in connection with their establishment or control of any special purpose vehicles established for the purpose
of overseas investment or financing. In addition, such PRC residents or entities must update their SAFE registrations when the
offshore special purpose vehicle undergoes material events relating to any change of basic information (including change of such
PRC citizens or residents, name and operation term), increases or decreases in investment amount, transfers or exchanges of shares,
or mergers or divisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">SAFE Circular 37 is issued to replace the Notice
on Relevant Issues Concerning Foreign Exchange Administration for PRC Residents Engaging in Financing and Roundtrip Investments
via Overseas Special Purpose Vehicles, or SAFE Circular 75.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If a Chinese shareholder with a direct or indirect
stake in an offshore parent company fails to make the required SAFE registration, the Chinese subsidiaries of such offshore parent
company may be prohibited from making distributions of profit to the offshore parent and from paying the offshore parent proceeds
from any reduction in capital, share transfer or liquidation in respect of the Chinese subsidiaries, and the offshore parent company
may also be prohibited from injecting additional capital into its Chinese subsidiaries. Furthermore, failure to comply with the
SAFE registration requirement described above may result in liability for the Chinese shareholders and the Chinese subsidiaries
under Chinese law for foreign exchange registration evasion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have, up to the present, completed SAFE
registration for all current beneficial shareholders of our company who are, to our knowledge, Chinese residents. However, we may
not be fully informed of the identities of the beneficial owners of our company and we cannot assure you that all of our Chinese
resident beneficial owners will comply with SAFE regulations. The failure of our beneficial owners who are Chinese residents to
make any required registrations may subject us to fines and legal sanctions, and prevent us from making distributions or paying
dividends, as a result of which our business operations and our ability to distribute profits to you could be materially and adversely
affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Participants of our share incentive
plan who are PRC individuals are required to register with SAFE, and the failure to so comply could subject us and such participants
to penalties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In February 2012, SAFE promulgated the Notice
on the Administration of Foreign Exchange Matters for Domestic Individuals Participating in the Stock Incentive Plans of Overseas
Listed Companies, or the Stock Option Notice. According to the Stock Option Notice, a PRC domestic qualified agent or the PRC subsidiary
of such overseas listed company must file an application with SAFE or its local counterpart on behalf of PRC resident individuals
who participate in stock incentive plans of overseas publicly listed companies to obtain approval for an annual allowance with
respect to the purchase of foreign exchange in connection with the stock holding or share option exercises. Our company is an &ldquo;overseas
publicly listed company,&rdquo; and therefore, we and participants of our share incentive plan who are PRC individuals are subject
to these regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have completed registration for options
granted as of the date of this annual report. For future option grants, if our application is unsuccessful or our option plan participants
who are PRC individuals fail to work with us to complete the registration, we or such persons may be subject to fines and legal
sanctions. Any failure to comply with such regulations may subject us and the relevant participants of our share incentive plan
to fines and legal sanctions and prevent us from being able to grant share incentives to our personnel, as a result of which our
business operations may be adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Chinese regulation of direct investment
and loans by offshore holding companies to Chinese entities may delay or limit us from making additional capital contributions
or loans to our Chinese subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Any capital contributions or loans that we,
as an offshore entity, make to our Chinese subsidiaries are subject to Chinese regulations. For example, for each of our Chinese
subsidiaries, the aggregate amount of our loans to the Chinese subsidiary cannot exceed product of the difference between the amount
of its total investment and its registered capital as approved by the foreign investment regulatory authorities under relevant
Chinese laws, and the ratio of the paid-in capital to the committed registered capital, and the loans must be registered with the
local branch of SAFE. For each foreign invested enterprise, such as Chongqing Daqo, when the Chinese foreign investment regulatory
authorities approve the establishment of such foreign invested enterprise, the authorities approve the amounts of such enterprise&rsquo;s
registered capital, which represent the investors&rsquo; capital commitment in equity, and the amounts of its total investment,
which represent the sum of its registered capital plus the amounts of its permitted loans. After the establishment of the foreign
invested enterprise, the investors can seek regulatory approval to increase its registered capital and the total investment amounts,
and upon approval, there will be increases in both amounts. There is a specific statutory guideline relating to the ratio of a
foreign invested enterprise&rsquo;s registered capital amount over total investment amount, and all foreign investment regulatory
authorities in China must follow the ratio guideline when exercising their approval authority. However, there is no uniform statutory
guideline applicable to all regulatory authorities regarding whether to approve the establishment of a new foreign invested enterprise
or to approve any increase in the registered capital and total investment of an existing foreign invested enterprise. In practice,
authorities consider factors such as overall governmental policies relating to the specific industry and demands in a particular
industry and the approval usually takes one to three months depending on the locations of the foreign invested enterprises. The
approved total investment amounts of Chongqing Daqo and Xinjiang Daqo are $286.0 million
and $298.0 million, respectively. The registered capital of Chongqing Daqo is $96.0 million, of which $69.6 million was contributed
by Daqo Cayman as the sole investor. The registered capital of Xinjiang Daqo is $100.0 million, of which $93.1 million was contributed
by Daqo Cayman as the sole investor. As a result, the maximum permissible amounts that Chongqing Daqo and Xinjiang Daqo may borrow
from Daqo Cayman are $137.8 million and $76.0 million, respectively. We may not make loans to Chongqing Daqo or Xinjiang Daqo in
excess of the maximum amounts permissible unless we obtain government approval to increase their total investment amounts. In addition,
any increases of our capital contributions to our Chinese subsidiaries beyond the previously authorized amount must be approved
by the MOFCOM and the NDRC or their respective local counterparts. We cannot assure you that we will be able to obtain these approvals
on a timely basis, or at all. If we fail to obtain such approvals, our ability to make equity contributions or provide loans to
our Chinese subsidiaries or to fund their operations may be negatively affected, which could adversely affect our Chinese subsidiaries&rsquo;
liquidity and their ability to fund their working capital and expansion projects and meet their obligations and commitments.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;&nbsp;</I></B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We rely principally on dividends and
other distributions on equity paid by our wholly owned operating subsidiaries to fund any cash and financing requirements we may
have, and any limitation on the ability of our operating subsidiaries to pay dividends to us could have a material adverse effect
on our ability to borrow money or pay dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As a holding company, we rely principally on
dividends and other distributions on equity paid by our Chinese subsidiaries for our cash requirements, including funds necessary
to service any debt we may incur. If our Chinese subsidiaries incur debt on their own behalf in the future, the instruments governing
the debt may restrict their ability to pay dividends or make other distributions to us. Furthermore, relevant Chinese laws and
regulations permit payments of dividends by Chinese subsidiaries only out of their retained earnings, if any, determined in accordance
with Chinese accounting standards and regulations. Under Chinese laws and regulations, each of our Chinese subsidiaries is required
to set aside a portion of its net income each year to fund a statutory surplus reserve until such reserve reaches 50% of its registered
capital. This reserve is not distributable as dividends. As a result, our Chinese subsidiaries are restricted in their ability
to transfer a portion of their net assets to us in the form of dividends, loans or advances. Limitation on the ability of our Chinese
subsidiaries to pay dividends to us could materially and adversely limit our ability to borrow money outside of China or pay dividends
to holders of our ADSs.  See&ldquo;&mdash; Risks Related to Our Business &mdash; The dividends we receive from our Chinese
subsidiaries and our global income may be subject to Chinese tax under the EIT Law, which would have a material adverse effect
on our results of operations; our foreign ADS holders may be subject to a Chinese withholding tax upon the dividends payable by
us and Chinese tax on gains realized upon the sale or other disposition of our ADSs if we are classified as a Chinese &lsquo;resident
enterprise.&rsquo;&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Fluctuations in exchange rates could
result in foreign currency exchange losses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The conversion of RMB into foreign currencies,
including U.S. dollars, is based on rates set by the People&rsquo;s Bank of China. The PRC government allowed the RMB to appreciate
by more than 20% against the U.S. dollar between July 2005 and July 2008. Between July 2008 and June 2010, this appreciation halted
and the exchange rate between the RMB and the U.S. dollar remained within a narrow band. Since June 2010, the PRC government has
allowed the RMB to appreciate slowly against the U.S. dollar again, though there have been periods when the U.S. dollar has appreciated
against the Renminbi as well. In March 2014, the People&rsquo;s Bank of China widened the band around which the value of the Renminbi
is allowed to deviate from the daily reference rate, which may allow for greater volatility in the U.S. dollar and Renminbi exchange
rate. It is difficult to predict how market forces or PRC or U.S. government policy may impact the exchange rate between the RMB
and the U.S. dollar in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Any significant depreciation of the Renminbi
against the U.S. dollar may have a material adverse effect on the value of, and any dividends payable on, our ADSs and ordinary
shares. If we decide to convert our Renminbi into U.S. dollars for the purpose of making payments for dividends on our ordinary
shares or for other business purposes, depreciation of the Renminbi against the U.S. dollar would reduce the U.S. dollar amount
available to us. On the other hand, to the extent that we need to convert U.S. dollars into Renminbi for our operations, appreciation
of the Renminbi against the U.S. dollar would have an adverse effect on the RMB amount we receive from the conversion. In addition,
the value of your investment in our ADSs will be affected by the exchange rate between U.S. dollar and Renminbi because the value
of our business is effectively denominated in Renminbi, while the ADSs will be traded in U.S. dollars. Fluctuation in the value
of the Renminbi in either direction could have a material adverse effect on the value of our company and the value of your investment.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;</I>&nbsp;</B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Failure to maintain effective internal
control over financial reporting could have a material and adverse effect on the trading price of our ADSs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are subject to the reporting obligations
under the U.S. securities laws. In connection with the audit of our internal controls over financial reporting as of and for the
year ended December 31, 2011, we and our independent registered public accounting firm identified three &ldquo;material weaknesses&rdquo;
including (i) our lack of accounting resources and expertise necessary to comply with U.S. GAAP and the Securities and Exchange
Commission, or the SEC, financial reporting and disclosure requirements, (ii) our lack of sufficient resources to perform thorough
reviews of consolidated financial statements and related footnote disclosures during the period-end financial reporting and disclosure
process, and (iii) our lack of sufficient processes, documentation and approval of related party transactions with affiliates.
In 2012, we have made enhancements to our internal controls over financial reporting. Based on these actions taken and our testing
and evaluation of the effectiveness of our internal controls, we have concluded the material weaknesses no longer existed as of
December 31, 2012, December 31, 2013 and December 31, 2014. As of December 31, 2014, our management concluded that <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white">our
internal control over financial reporting was effective.&nbsp;Our independent registered public accounting firm did not conduct
an audit of our internal control over financial reporting for the years ended December 31, 2012 and 2013. For the year ended December
31, 2014, our independent registered public accounting firm performed an audit of our internal control over financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">However, we cannot assure you that we will
maintain effective internal control over financial reporting on an ongoing basis. If we fail to maintain effective internal controls
over financial reporting, we will not be able to conclude and our independent registered public accounting firm will not be able
to report (if it is required to report) that we have effective internal controls over financial reporting in accordance with the
Sarbanes-Oxley Act of 2002 in our future annual report on Form 20-F covering the fiscal year in which this failure occurs. Effective
internal control over financial reporting is necessary for us to produce reliable financial reports. Any failure to maintain effective
internal controls over financial reporting could result in the loss of investor confidence in the reliability of our financial
statements, which in turn could have a material and adverse effect on the trading price of our ADSs. Furthermore, we may need to
incur additional costs and use additional management and other resources as our business and operations further expand or in an
effort to remediate any significant control deficiencies that may be identified in the future.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Proceedings instituted by the SEC
against five PRC-based accounting firms, including our independent registered public accounting firm, could result in financial
statements being determined to not be in compliance with the requirements of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Starting in 2011 the Chinese affiliates of
the &lsquo;&lsquo;big four&rsquo;&rsquo; accounting firms, including our independent registered public accounting firm, were affected
by a conflict between U.S. and Chinese law. Specifically, for certain U.S.-listed companies operating and audited in mainland China,
the SEC and the Public Company Accounting Oversight Board, or the PCAOB, sought to obtain from the Chinese firms access to their
audit work papers and related documents. The firms were, however, advised and directed that under Chinese law, they could not respond
directly to the US regulators on those requests, and that requests by foreign regulators for access to such papers in China had
to be channeled through the China Securities Regulatory Commission, or the CSRC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In late 2012 this impasse led the SEC to commence
administrative proceedings under Rule 102(e) of its Rules of Practice and also under the Sarbanes-Oxley Act of 2002 against the
Chinese accounting firms, including our independent registered public accounting firm. A first instance trial of the proceedings
in July 2013 in the SEC&rsquo;s internal administrative court resulted in an adverse judgment against the firms. The administrative
law judge proposed penalties on the firms including a temporary suspension of their right to practice before the SEC, although
that proposed penalty did not take effect pending review by the Commissioners of the SEC. On February 6, 2015, before a review
by the Commissioner had taken place, the firms reached a settlement with the SEC. Under the settlement, the SEC accepts that future
requests by the SEC for the production of documents will normally be made to the CSRC. The firms will receive matching Section&nbsp;106
requests, and are required to abide by a detailed set of procedures with respect to such requests, which in substance require them
to facilitate production via the CSRC. If they fail to meet specified criteria, the SEC retains authority to impose a variety of
additional remedial measures on the firms depending on the nature of the failure. Remedies for any future noncompliance could include,
as appropriate, an automatic six-month bar on a single firm&rsquo;s performance of certain audit work, commencement of a new proceeding
against a firm, or in extreme cases the resumption of the current proceeding against all four firms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In the event that the SEC restarts the administrative
proceedings, depending upon the final outcome, listed companies in the United States with major PRC operations may find it difficult
or impossible to retain auditors in respect of their operations in the PRC, which could result in financial statements being determined
to not be in compliance with the requirements of the Securities Exchange Act of 1934, as amended, or the Exchange Act, including
possible delisting. Moreover, any negative news about any such future proceedings against these audit firms may cause investor
uncertainty regarding China-based, United States-listed companies and the market price of our ADSs may be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If our independent registered public accounting
firm were denied, even temporarily, the ability to practice before the SEC and we were unable to timely find another registered
public accounting firm to audit and issue an opinion on our financial statements, our financial statements could be determined
not to be in compliance with the requirements of the Exchange Act. Such a determination could ultimately lead to the delisting
of our ordinary shares from the NYSE Global Market or deregistration from the SEC, or both, which would substantially reduce or
effectively terminate the trading of our ADSs in the United States.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The audit report included in this
annual report is prepared by an auditor who is not inspected by the Public Company Accounting Oversight Board and, as such, you
are deprived of the benefits of such inspection.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our independent registered public accounting
firm that issues the audit reports included in this annual report, as an auditor of companies that are traded publicly in the United
States and a firm registered with the PCAOB, is required by the laws of the United States to undergo regular inspections by the
PCAOB to assess its compliance with the laws of the United States and professional standards. Because our auditors are located
in the People&rsquo;s Republic of China, a jurisdiction where the PCAOB is currently unable to conduct inspections without the
approval of the Chinese authorities, our auditors are not currently inspected by the PCAOB.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Inspections of other firms that the PCAOB has
conducted outside of China have identified deficiencies in those firms&rsquo; audit procedures and quality control procedures,
which may be addressed as part of the inspection process to improve future audit quality. This lack of PCAOB inspections in China
prevents the PCAOB from regularly evaluating our auditor&rsquo;s audits and its quality control procedures. As a result, investors
may be deprived of the benefits of PCAOB inspections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The inability of the PCAOB to conduct inspections
of auditors in China makes it more difficult to evaluate the effectiveness of our auditor&rsquo;s audit procedures or quality control
procedures as compared to auditors outside of China that are subject to PCAOB inspections. Investors may lose confidence in our
reported financial information and procedures and the quality of our financial statements.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Restrictions on currency exchange
under Chinese laws may limit our ability to convert cash derived from our operating activities into foreign currencies and may
materially and adversely affect the value of your investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Substantially all of our revenues and operating
expenses are denominated in Renminbi. Under the relevant foreign exchange restrictions in China, conversion of the Renminbi is
permitted, without the need for SAFE approval, for &ldquo;current account&rdquo; transactions, which includes dividends, trade,
and service-related foreign exchange transactions. Conversion of the Renminbi for &ldquo;capital account&rdquo; transactions, which
includes foreign direct investment and loans, is still subject to significant limitations and requires approvals from and registration
with SAFE and other Chinese regulatory authorities. We cannot assure you that SAFE or other Chinese governmental authorities will
not further limit, or eliminate, our ability to purchase foreign currencies in the future. Any existing and future restrictions
on currency exchange in China may limit our ability to convert cash derived from our operating activities into foreign currencies
to fund expenditures denominated in foreign currencies. If the foreign exchange restrictions in China prevent us from obtaining
U.S. dollars or other foreign currencies as required, we may not be able to pay dividends in U.S. dollars or other foreign currencies
to our shareholders, including holders of our ADSs. Furthermore, foreign exchange control in respect of the capital account transactions
could affect our Chinese subsidiaries&rsquo; ability to obtain foreign exchange or conversion into RMB through debt or equity financing,
including by means of loans or capital contributions from us.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We face risks related to health epidemics
and other outbreaks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our business could be adversely affected by
the effects of swine flu, avian flu, Severe Acute Respiratory Syndrome, or SARS or other epidemics or outbreaks. China reported
a number of cases of SARS in April 2004. In 2006, 2007 and 2008, there were reports of occurrences of avian flu in various parts
of China, including a few confirmed human cases and deaths. In April 2009, an outbreak of swine flu occurred in Mexico and the
United States and human cases of swine flu were discovered in China and Hong Kong. In April 2013, there were reports of occurrences
of avian flu in various parts of China, including a number of confirmed human cases and deaths. Any prolonged occurrence or recurrence
of swine flu, avian flu, SARS, Ebola or other adverse public health developments in China or any of the major markets in which
we do business may have a material adverse effect on our business and operations. These could include our ability to deliver our
products within or outside of China, as well as temporary closure of our manufacturing facilities, or our customers&rsquo; facilities,
leading to delayed or cancelled orders. Any severe travel or shipment restrictions and closures would severely disrupt our operations
and adversely affect our business and results of operations.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Risks Related to Our ADSs</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The trading prices of our ADSs have
been and may continue to be volatile, which could result in substantial losses to investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The closing trading prices of our ADSs ranged
from $21.86 to $54.83 in 2014, and may remain volatile in the future and could fluctuate widely due to factors beyond our control.
This may happen because of broad market and industry factors, like the performance and fluctuation of the market prices of other
companies with business operations located mainly in China that have listed their securities in the United States. A number of
China-based companies, including many solar energy companies, have listed their securities on U.S. stock exchanges. The securities
of some of these companies have experienced significant volatility, including price declines in connection with their initial public
offerings. The trading performances of these Chinese companies&rsquo; securities after their offerings may affect the attitudes
of investors toward Chinese companies listed in the United States in general and consequently may impact the trading performance
of our ADSs, regardless of our actual operating performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In addition to market and industry factors,
the price and trading volume for our ADSs may be volatile for factors specific to our own operations, including the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>variations in our revenues, earnings and cash flow;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>announcements of our new investments, acquisitions, strategic partnerships, or joint ventures;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>announcements of new products and expansions by us or our competitors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>announcements of sale of existing business segments;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>fluctuations in market prices of or demand for our products;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>changes in financial estimates by securities analysts;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>changes in the ratio of ADSs vs. ordinary shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>additions or departures of key personnel; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>potential litigation or regulatory investigations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Any of these factors may result in large and
sudden changes in the volume and price at which our ADSs will trade. We cannot assure you that these factors will not occur in
the future.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The sale or availability for sale
of substantial amounts of our ADSs could adversely affect their market price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Sales of substantial amounts of our ADSs in
the public market or the perception that these sales could occur, could adversely affect the market price of our ADSs and could
materially impair our ability to raise capital through equity offerings in the future. Our ADSs are freely tradable without restriction
or further registration under the U.S. Securities Act of 1933, as amended, or the Securities Act, subject to the restrictions in
Rule 144 and Rule 701 under the Securities Act. In addition, market sales of securities held by our significant shareholders or
any other shareholder or the availability of these securities for future sale may adversely affect the market price of our ADSs.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our Third Amended and Restated Memorandum
and Articles of Association contain anti-takeover provisions that could have a material adverse effect on the rights of holders
of our ordinary shares and ADSs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our Third Amended and Restated Memorandum and
Articles of Association contain provisions to limit the ability of others to acquire control of our company or cause us to engage
in change-of-control transactions. These provisions could have the effect of depriving our shareholders of an opportunity to sell
their shares at a premium over prevailing market prices by discouraging third parties from seeking to obtain control of our company
in a tender offer or similar transaction.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;</I>&nbsp;</B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">You may face difficulties in protecting
your interests, and your ability to protect your rights through U.S. courts may be limited, because we are incorporated under Cayman
Islands law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are an exempted company incorporated under
the laws of the Cayman Islands. Our corporate affairs are governed by our memorandum and articles of association, as amended from
time to time, the Companies Law of the Cayman Islands, as amended from time to time, and the common law of the Cayman Islands.
The rights of shareholders to take actions against the directors, actions by minority shareholders and the fiduciary responsibilities
of our directors to us under Cayman Islands law are to a large extent governed by the common law of the Cayman Islands. The common
law of the Cayman Islands is derived in part from comparatively limited judicial precedent in the Cayman Islands as well as from
the common law of England, the decisions of whose courts are of persuasive authority, but are not binding, on a court in the Cayman
Islands. The rights of our shareholders and the fiduciary responsibilities of our directors under Cayman Islands law are not as
clearly established as they would be under statutes or judicial precedent in some jurisdictions in the United States. In particular,
the Cayman Islands has a less developed body of securities laws than the United States. Some U.S. states, such as Delaware, have
more fully developed and judicially interpreted bodies of corporate law than the Cayman Islands. In addition, Cayman Islands companies
may not have standing to initiate a shareholder derivative action in a federal court of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The Cayman Islands courts are also unlikely:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>to recognize or enforce against us judgments of courts of the United States based on certain civil liability provisions of
U.S. securities laws; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>to impose liabilities against us, in original actions brought in the Cayman Islands, based on certain civil liability provisions
of U.S. securities laws that are penal in nature.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">There is no statutory recognition in the Cayman
Islands of judgments obtained in the United States, although the courts of the Cayman Islands will in certain circumstances recognize
and enforce a non-penal judgment of a foreign court of competent jurisdiction without retrial on the merits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As a result of all of the above, public shareholders
may have more difficulty in protecting their interests in the face of actions taken by management, members of the board of directors
or controlling shareholders than they would as public shareholders of a company incorporated in the United States.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Certain judgments obtained against
us by our shareholders may not be enforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are a Cayman Islands company and all of
our assets are located outside of the United States. Substantially all of our current operations are conducted in the China. In
addition, a majority of our current directors and officers are nationals and residents of countries other than the United States.
Substantially all of the assets of these persons are located outside the United States. As a result, it may be difficult or impossible
for you to bring an action against us or against these individuals in the United States in the event that you believe that your
rights have been infringed under the United States federal securities laws or otherwise. Even if you are successful in bringing
an action of this kind, the laws of the Cayman Islands and of China may render you unable to enforce a judgment against our assets
or the assets of our directors and officers.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The voting rights of holders of ADSs
are limited by the terms of the deposit agreement, and you may not be able to exercise your right to vote your ordinary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As a holder of our ADSs, you will only be able
to exercise the voting rights with respect to the underlying ordinary shares in accordance with the provisions of the deposit agreement.
Under the deposit agreement, you must vote by giving voting instructions to the depositary. Upon receipt of your voting instructions,
the depositary will vote the underlying ordinary shares in accordance with these instructions. You will not be able to directly
exercise your right to vote with respect to the underlying shares unless you withdraw the shares. Under our Third Amended and Restated
Memorandum and Articles of Association, the minimum notice period required for convening a general meeting is seven days. When
a general meeting is convened, you may not receive sufficient advance notice to withdraw the shares underlying your ADSs to allow
you to vote with respect to any specific matter. If we ask for your instructions, the depositary will notify you of the upcoming
vote and will arrange to deliver our voting materials to you. We cannot assure you that you will receive the voting materials in
time to ensure that you can instruct the depositary to vote your shares. In addition, the depositary and its agents are not responsible
for failing to carry out voting instructions or for their manner of carrying out your voting instructions. This means that you
may not be able to exercise your right to vote and you may have no legal remedy if the shares underlying your ADSs are not voted
as you requested.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>



<P STYLE="margin: 0"></P>
<P STYLE="margin: 0"></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">The depositary for our ADSs will give
us a discretionary proxy to vote our ordinary shares underlying your ADSs if you do not vote at shareholders&rsquo; meetings, except
in limited circumstances, which could adversely affect your interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under the deposit agreement for the ADSs, if
you do not vote, the depositary will give us a discretionary proxy to vote our ordinary shares underlying your ADSs at shareholders&rsquo;
meetings unless:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>we have failed to timely provide the depositary with notice of meeting and related voting materials;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>we have instructed the depositary that we do not wish a discretionary proxy to be given;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>we have informed the depositary that there is substantial opposition as to a matter to be voted on at the meeting;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a matter to be voted on at the meeting would have a material adverse impact on shareholders; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the voting at the meeting is to be made by a show of hands.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The effect of this discretionary proxy is that
if you do not vote at shareholders&rsquo; meetings, you cannot prevent our ordinary shares underlying your ADSs from being voted,
except under the circumstances described above. This may make it more difficult for shareholders to influence the management of
our company. Holders of our ordinary shares are not subject to this discretionary proxy.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">You may not receive dividends or other
distributions on our ordinary shares and you may not receive any value for them, if it is illegal or impractical to make them available
to you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The depositary of our ADSs has agreed to pay
to you the cash dividends or other distributions it or the custodian receives on ordinary shares underlying our ADSs, after deducting
its fees and expenses. You will receive these distributions in proportion to the number of ordinary shares your ADSs represent.
However, the depositary is not responsible if it decides that it is unlawful or impractical to make a distribution available to
any holders of ADSs. For example, it would be unlawful to make a distribution to a holder of ADSs if it consists of securities
that require registration under the Securities Act but that are not properly registered or distributed under an applicable exemption
from registration. The depositary may also determine that it is not feasible to distribute certain property through the mail. Additionally,
the value of certain distributions may be less than the cost of mailing them. In these cases, the depositary may determine not
to distribute such property. We have no obligation to register under U.S. securities laws any ADSs, ordinary shares, rights or
other securities received through such distributions. We also have no obligation to take any other action to permit the distribution
of ADSs, ordinary shares, rights or anything else to holders of ADSs. This means that you may not receive distributions we make
on our ordinary shares or any value for them if it is illegal or impractical for us to make them available to you. These restrictions
may cause a material decline in the value of our ADSs.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">You may not be able to participate
in rights offerings and may experience dilution of your holdings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We may, from time to time, distribute rights
to our shareholders, including rights to acquire securities. Under the deposit agreement, the depositary will not distribute rights
to holders of ADSs unless the distribution and sale of rights and the securities to which these rights relate are either exempt
from registration under the Securities Act with respect to all holders of ADSs, or are registered under the provisions of the Securities
Act. The depositary may, but is not required to, attempt to sell these undistributed rights to third parties, and may allow the
rights to lapse. We may be unable to establish an exemption from registration under the Securities Act, and we are under no obligation
to file a registration statement with respect to these rights or underlying securities or to endeavor to have a registration statement
declared effective. Accordingly, holders of ADSs may be unable to participate in our rights offerings and may experience dilution
of their holdings as a result.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">You may be subject to limitations
on transfer of your ADSs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Your ADSs are transferable on the books of
the depositary. However, the depositary may close its books at any time or from time to time when it deems expedient in connection
with the performance of its duties. The depositary may close its books from time to time for a number of reasons, including in
connection with corporate events such as a rights offering, during which time the depositary needs to maintain an exact number
of ADS holders on its books for a specified period. The depositary may also close its books in emergencies, and on weekends and
public holidays. The depositary may refuse to deliver, transfer or register transfers of our ADSs generally when our share register
or the books of the depositary are closed, or at any time if we or the depositary thinks it is advisable to do so because of any
requirement of law or of any government or governmental body, or under any provision of the deposit agreement, or for any other
reason.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I>&nbsp;</B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We may be classified as a passive
foreign investment company, or PFIC, for U.S. federal income tax purposes, which could subject U.S. investors in our ADSs or ordinary
shares to adverse tax consequences.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">A non-United States corporation, such as our
company, will be classified as a PFIC, for United States federal income tax purposes, for any taxable year if either (i) 75% or
more of its gross income consists of certain types of &ldquo;passive&rdquo; income or (ii) 50% or more of the value of its assets
(determined on the basis of a quarterly average) produce or are held for the production of passive income. Based on our current
income and assets, we do not expect to be classified as a PFIC for the current taxable year and do not anticipate becoming a PFIC
in future taxable years, although there can be no assurance in this regard. Although we do not currently expect that our assets
or activities will change in a manner that would cause us to become a PFIC for our current taxable year or the foreseeable future,
there can be no assurance our business plans will not change in a manner that will affect our PFIC status. Because there are uncertainties
in the application of the relevant rules and PFIC status is a fact-intensive determination made on an annual basis, no assurance
can be given that we are not or will not become classified as a PFIC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If we were to be classified as a PFIC in any
taxable year, a U.S. Holder (as defined in &ldquo;Item 10. Additional Information &mdash; E. Taxation &mdash; United States Federal
Income Tax Considerations&rdquo;) may incur significantly increased United States federal income tax on gain recognized on the
sale or other disposition of the ADSs or ordinary shares and on the receipt of distributions on the ADSs or ordinary shares to
the extent such gain or distribution is treated as an &ldquo;excess distribution&rdquo; under the United States federal income
tax rules. Further, if we are classified as a PFIC for any year during which a U.S. Holder holds our ADSs or ordinary shares, we
generally will continue to be treated as a PFIC for all succeeding years during which such U.S. Holder holds our ADSs or ordinary
shares. See &ldquo;Item 10. Additional Information &mdash; E. Taxation &mdash; United States Federal Income Tax Considerations&mdash;Passive
Foreign Investment Company Rules.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">We are a &ldquo;foreign private issuer&rdquo;,
and have disclosure obligations that are different from those of U.S. domestic reporting companies; as a result, you should not
expect to receive the same information about us at the same time when a U.S. domestic reporting company provides the information
required to be disclosed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are a foreign private issuer and, as a result,
we are not subject to the same requirements that are imposed upon U.S. domestic issuers by the SEC. Under the Exchange Act, we
will be subject to reporting obligations that, to some extent, are more lenient and less frequent than those of U.S. domestic reporting
companies. For example, we are not required to issue quarterly reports or proxy statements. We have 120 days to file our annual
report with the SEC for the fiscal years ending on or after December 31, 2011. We are not required to disclose detailed individual
executive compensation information that is required to be disclosed by U.S. domestic issuers. Further, our directors and executive
officers are not required to report equity holdings under Section 16 of the Securities Act and are not subject to the insider short-swing
profit disclosure and recovery regime. As a foreign private issuer, we are also exempt from the requirements of Regulation FD (Fair
Disclosure) which, generally, are meant to ensure that select groups of investors are not privy to specific information about an
issuer before other investors. We are, however, still subject to the anti-fraud and anti-manipulation rules of the SEC, such as
Rule 10b-5 under the Exchange Act. Since many of the disclosure obligations imposed on us as a foreign private issuer are different
than those imposed on U.S. domestic reporting companies, our shareholders should not expect to receive the same information about
us and at the same time as the information received from, or provided by, U.S. domestic reporting companies.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">If securities or industry analysts
do not actively follow our business, or if they publish unfavorable research about our business, our ADS price and trading volume
could decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The trading market for our ADS depends in part
on the research and reports that securities or industry analysts publish about us or our business. If one or more of the analysts
who covers us downgrades our ADSs or publishes unfavorable research about our business, our ADS price would likely decline. If
one or more of these analysts ceases coverage of our company or fails to publish reports on us regularly, demand for our ADSs could
decrease, which could cause our ADS price and trading volume to decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_007" TITLE="ITEM 4."></A>ITEM 4. INFORMATION ON THE COMPANY</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. History and Development
of the Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our company was incorporated in Cayman Islands
as Mega Stand International Limited in November 2007. We changed our corporate name to Daqo New Energy Corp. in August 2009.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are a company limited by shares domiciled
in the Cayman Islands. The corporate affairs of Daqo New Energy Corp. are governed by our Third Amended and Restated Memorandum
and Articles of Association, the Companies Law (2013 Revision) of the Cayman Islands and the common law of the Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2008, we established Chongqing Daqo as our
wholly owned operating subsidiary in China. Through Chongqing Daqo, we focus primarily on the manufacture and sale of polysilicon
and have expanded into wafer manufacturing. In addition to Chongqing Daqo, we established Nanjing Daqo New Energy Co., Ltd., or
Nanjing Daqo, in 2007 in China, through which we conducted our module manufacturing business. In 2009, we established our wholly
owned subsidiary Daqo Solar Energy North America, or Daqo North America, in California to promote our products in North America.
In 2011, we established a wholly owned subsidiary, Daqo New Energy Holdings (Canada) Ltd., or Daqo Canada, to expand our operations
in Canada. In 2011, to expand our polysilicon manufacturing capacity, we established another wholly owned subsidiary, Xinjiang
Daqo, in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Daqo Group established Daqo New Material in
2006 in Chongqing, China. Although all of Daqo Group&rsquo;s equity interest holders also beneficially own shares of Daqo Cayman,
Daqo Group does not have any shareholding in our company. As of the date of this annual report, holders of equity interests in
Daqo Group in aggregate beneficially own 58.5% of the outstanding ordinary shares of our company. Subsequent to the establishment
of Chongqing Daqo, in July 2008, Chongqing Daqo entered into a lease agreement with Daqo New Material to rent all of Daqo New Material&rsquo;s
land, production infrastructure, machinery, equipment, facilities, factories, buildings and other assets for polysilicon production.
This lease was terminated on December 30, 2013. Under Financial Accounting Standards Board Accounting Standards Codification 810-10-15,
&ldquo;Variable Interest Entities,&rdquo; we were deemed to be Daqo New Material&rsquo;s primary beneficiary and Daqo New Material
had been consolidated from July 1, 2008 to December 30, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We commenced commercial production at the Phase
1 polysilicon facilities in July 2008. Production at the Phase 1 polysilicon facilities used equipment and property of both us
and Daqo New Material.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Even though we do not directly or indirectly
hold any equity interests in Daqo New Material, under U.S. GAAP, Daqo New Material has been deemed to be our predecessor business
from November 16, 2006 through June 30, 2008.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under a non-competition agreement with us,
Daqo Group has agreed not to engage in the business of manufacturing, marketing or distributing polysilicon or any other solar
power products anywhere in the world or compete in any manner with our businesses without our consent for an indefinite term. Such
related party transactions are subject to our audit committee&rsquo;s review and approval. Under the non-competition agreement,
we, through Daqo Cayman and Chongqing Daqo, are entitled to seek temporary restraining orders, injunctions or other equitable relief,
in addition to monetary remedies specified in the agreement, if Daqo Group breaches its non-competition obligations. With the approval
of our audit committee, we gave our consent to Daqo Group to enter the photovoltaic cell manufacturing business in China. Daqo
Group incorporated the wholly owned subsidiary, Zhenjiang Daqo Solar Co., Ltd., or Zhenjiang Daqo, which started commercial production
of photovoltaic cells in 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On October 7, 2010, we listed our ADSs, each
representing five ordinary shares of Daqo New Energy Corp., on the New York Stock Exchange, or the NYSE, under the symbol &ldquo;DQ&rdquo;
in connection with an initial public offering. We issued a total of 9,200,000 ADSs at $9.50 per ADS in connection with our initial
public offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In February 2011, we incorporated a wholly
owned subsidiary, Xinjiang Daqo, in Shihezi Economic Development Area in Xinjiang Autonomous Region, China, to build our Phase
2a polysilicon production facilities. We finished construction of our Phase 2a polysilicon facilities in September 2012 and have
engaged in commercial production at these facilities since the first quarter of 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In April 2011, we incorporated a wholly owned
subsidiary, Daqo Canada, to expand our operations in North America. Through Daqo Canada, we set up a joint venture with JNE Solar
Inc., a party unrelated to us prior to this transaction, in Hamilton, Ontario. This joint venture was terminated in April 2012.
We liquidated Daqo Canada in October 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In September 2012, to focus on our core businesses
of polysilicon and wafer production, we sold our 100% equity interest in our module business to Daqo Group for a consideration
of $9.9 million. On December 21, 2012, we effected a change of the ADS to ordinary share ratio from one ADS representing five ordinary
shares to one ADS representing 25 ordinary shares. The ratio change had the same effect as a 1-for-5 reverse ADS split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In September 2012, we halted polysilicon production
in order to begin maintenance and technology improvement projects at the Phase 1 polysilicon facilities with the primary objective
of lowering the cost to produce polysilicon at these facilities. In conjunction with the production stoppage, a supplementary lease
agreement with Daqo New Material was reached which reduced lease payments beginning in 2013 to approximately $0.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In the first quarter of 2013, we terminated
Daqo North America, which was originally designed to promote our module products in North America. In the second quarter of 2013,
we incurred fixed asset impairment charges related to the Phase 1 polysilicon facilities to reflect the market challenges that
had an adverse effect on the profit-generating ability of the assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of March 2013, we successfully reached our
initial targets for both capacity and cost structure for our Xinjiang polysilicon facilities. As part of our efforts toward further
improvement, we successfully completed a project to identify and reduce restrictions on our production throughput, or a &ldquo;debottlenecking&rdquo;
project, prior to the end of 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In November 2013, our board of directors approved
our plan to further expand our capacity in Xinjiang from 6,150 MT to 12,150 MT, or the Phase 2b expansion, in order to take advantage
of the enormous competitive advantage in electricity price in Xinjiang compared to that of Chongqing. We are also in the process
of upgrading our off-gas treatment process from traditional Hydrogenation technology to Hydrochlorination technology.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Since we will not continue the technology improvement
project in our Phase 1 facilities and we plan to relocate the idle machinery and equipment from Phase 1 facilities in Chongqing
to Phase 2 facilities in Xinjiang for the expansion project, we (i) ceased production at the Phase 1 polysilicon facilities in
2013 and 2014, (ii) started the relocation of certain machinery and equipment from the Phase 1 polysilicon facilities to Xinjiang
and (iii) on December 30, 2013, signed an amendment to the supplementary lease agreement to terminate the lease, which resulted
in the de-consolidation of Daqo New Material. To support the wafer manufacturing at Chongqing Daqo, a new lease agreement was entered
into with Daqo New Material to lease a small portion of its facilities, including, but not limited to, the dining hall, part of
the office buildings and portions of the employee dormitory, on January 1, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Following the completion of our Phase 2a and
our capacity enhancement project for Phase 2a, we fully ramped up our nameplate polysilicon production capacity to 6,150 MT per
annum in the first quarter of 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In the third quarter of 2014, the manufacturing
process in our Xinjiang facilities was further optimized, and production efficiency was improved. As a result, our production volume
exceeded the nameplate capacity by 9%, without adding any additional equipment. We produced 1,748 MT and 1,791 MT of polysilicon
in the third and fourth quarter of 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of the date of this annual report, we are
on track with our schedule of the construction and installation work related to the Phase 2b project at our Xinjiang polysilicon
facilities. We expect to fully ramp up our nameplate polysilicon production capacity to 12,150 MT per annum by the end of the second
quarter of 2015, which will reduce our production cost (including depreciation) and cash cost (excluding depreciation) of polysilicon
production to $12.0/kg and $8.7/kg, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are in the process of relocating certain
machinery and equipment from our facilities in Chongqing to our Xinjiang facilities, which has reduced the capital expenditure
requirements for our Phase 2b project. However, we have decided to utilize approximately 40% of our current machinery and equipment
previously planned to be used for our Phase 2b project, as measured by its book value as of December 31, 2014, as certain machinery
and equipment can be more efficiently and cost-effectively used in our future expansions. As a result, we plan to acquire additional
new machinery and equipment for our Phase 2b project. Our estimate of the total investment amount for our Phase 2b and future expansions
has not changed, and subsequently, the total cash requirement for Phase 2b is now expected to be approximately $151.9 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are also considering further capacity expansion
at our Xinjiang facilities in the medium term, the Phase 3 project. Subject to market and industry conditions, we expect our Phase
3 project, which may be conducted in two stages, to expand total polysilicon production capacity to 25,000 MT by early 2017. The
remaining Chongqing machinery and equipment that we do not utilize in our Phase 2b project will be used in the Phase 3 project,
which will reduce our capital expenditure requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In November 2013, we achieved great progress
in our wafer business by increasing our annual capacity from 36 million pieces to 72 million pieces. Since 2014, we have been running
our wafer business in full capacity and improved the quality and efficiency for our wafer products. In May 2014, we established
in-house slurry recovery system, which helps us to lower the wafer production cost.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our principal executive offices are located
at 666 Longdu Avenue, Wanzhou, Chongqing 404000, People&rsquo;s Republic of China, and our telephone number at that location is
+86-23-6486-6666. Our registered office in the Cayman Islands is located at the offices of International Corporation Services Ltd.,
P.O. Box 472, 2nd Floor Harbor Place, Grand Cayman KY1-1106, Cayman Islands. Our agent for service of process in the United States
is Law Debenture Corporate Services Inc., located at 400 Madison Avenue, 4th Floor, New York, NY 10017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;Item 5. Operating and Financial
Review and Prospects &mdash; B. Liquidity and Capital Resources &mdash; Capital Expenditures&rdquo; for a discussion of our capital
expenditures.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Business Overview</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Photovoltaics is one of the proven and most
rapidly growing renewable energy sources in the world. Energy from the sun is converted into electricity primarily through the
photovoltaic effect and, to a lesser extent, through concentrated solar thermal technologies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are a leading polysilicon manufacturer based
in China. We utilize the chemical vapor deposition process, or the &ldquo;modified Siemens process,&rdquo; to produce polysilicon,
and have fully implemented the closed loop system to produce high-quality polysilicon cost-effectively. We manufacture and sell
high-quality polysilicon to photovoltaic product manufacturers, who further process our polysilicon into ingots, wafers, cells
and modules for solar power solutions. Currently our annual capacity for polysilicon is 6,150 MT in Xinjiang. We plan to further
increase the capacity to 12,150 MT by the end of the second quarter of 2015. We are also in the process of upgrading our off-gas
treatment process from traditional Hydrogenation technology to Hydrochlorination technology. We improve our production efficiency
and increase our output through technological improvements, adoption of process innovation and refinement as well as equipment
enhancement. Actual production volume may exceed the production capacity due to operational improvements we may implement at our
facilities in response to market conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have expanded to the downstream photovoltaic
manufacturing businesses to establish facilities for wafer manufacturing. Our current wafer manufacturing annual capacity is 72
million pieces. We have started to report wafer shipments in units of &ldquo;million pieces&rdquo; instead of &ldquo;MW&rdquo;
since the first quarter of 2013. Improvements in wafer technology can cause watts per piece to increase, resulting in larger MW
shipments without increases in the amount of wafer produced, and consequently we believe that the newly adopted unit more accurately
presents our operating performance. Most of our wafer product is high efficiency wafer which represents approximately 4.3 watts
per piece. The following diagram illustrates the value chain for the manufacture of crystalline-silicon based photovoltaic products:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><img src="tpg35.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our operations are located in Chongqing and
Xinjiang, which are in southwestern and northwestern China, respectively. The cost of doing business in western China is generally
lower than the coastal areas of China. Specifically, in Xinjiang where our polysilicon facilities are located, the electricity
rate is much lower than the coastal areas. Because of our strategic locations, we experience advantages in electricity and raw
material costs over our competitors that are based in developed countries or in the coastal areas of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>



<P STYLE="margin: 0"></P>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We impose rigorous quality control standards
at various stages of our manufacturing process. We systematically test raw materials from our suppliers and test our inputs at
each stage of our manufacturing process to ensure that they meet all technical specifications. With our strict quality control
measures in our manufacturing and facility construction processes, we are able to produce high-quality polysilicon consistently
at our facilities. In 2014, approximately 100% of our polysilicon met the solar grade I standard, , the highest specification of
the solar grade quality standard, and approximately 86.6% of our polysilicon met the electronic grade quality standard in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have achieved substantial growth since
we commenced commercial production of polysilicon in July 2008. Our revenue and gross margin continued to improve in 2014 due
to a recovery in the global market and our continuous cost reduction efforts. We produced 3,349 MT<SUP>(1)</SUP>, 4,805 MT
and 6,560 MT of polysilicon and sold 3,262 MT<SUP>(2)(3)</SUP>, 4,283 MT<SUP>(3)</SUP> and 5,972 MT<SUP>(3)</SUP> in 2012,
2013 and 2014, respectively. We generated revenues from continuing operations of $86.9 million, $109.0 million and $182.6
million in 2012, 2013 and 2014, respectively. We incurred net losses attributable to Daqo New Energy Corp. shareholders of
$111.9 million and $70.9 million in 2012 and 2013 respectively. We achieved net income attributable to Daqo New Energy Corp.
shareholders of $16.7 million in 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We currently sell polysilicon to China-based
photovoltaic product manufacturers. The majority of our sales are made under framework contracts, with the prices to be determined
at the time when specific sales orders are made. As of December 31, 2014, our major photovoltaic product customers included operating
entities of Jiangsu Meike Silicon Energy, JinkoSolar, JA Solar, Shanghai Alex New Energy and LDK Solar.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We commenced commercial production of wafers
using our own polysilicon in July 2011. In November 2013, we successfully increased our annual wafer production capacity to 72
million pieces. In addition to our wafer sales, since the second quarter of 2012, we started to provide multi-crystalline ingot
and block manufacturing outsourcing services to our customers. In May 2010, we commenced commercial production of modules. We sold
all of our module facilities in September 2012 to focus on our core businesses of polysilicon and wafer production. The operation
of our downstream photovoltaic product manufacturing business involves risks and uncertainties, such as higher cost, lack of experience,
financing, construction and operational uncertainties, potential competition and regulatory risks. See &ldquo;Item 3. Key Information
&mdash; D. Risk Factors &mdash; Risks Related to Our Business&rdquo; for details.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>Excluding 617 MT polysilicon produced in Xinjiang facilities during the pilot production period.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>Excluding 323 MT polysilicon sold from Xinjiang facilities during the pilot production period.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD>The polysilicon sales volume here only refers to the external sales. The internal sales to our in-house wafer facilities were
315 MT, 770 MT and 671 MT in 2012, 2013 and 2014, respectively.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Quarterly sales volume table for polysilicon
and wafer in 2014: </P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">Sales Volume</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">First Quarter</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">Second Quarter</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">Third Quarter</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">Fourth Quarter</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">FY 2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; text-align: left">Polysilicon (MT)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,406</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,391</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,528</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,647</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">5,972</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Wafer (million pieces)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,010</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,430</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,850</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,980</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,270</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Wafer OEM (million pieces)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,430</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,560</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,220</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,241</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Ingot and Block (MT)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our Products</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We manufacture and sell high-purity polysilicon
to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power
solutions. We offer ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. Our current
annual capacity for polysilicon production is 6,150 MT. We are one of the best quality polysilicon makers in China. In 2014, approximately
100% of our polysilicon met the solar grade I standard, the highest specification of the solar grade quality standard, and approximately
86.6% of our polysilicon met the electronic grade quality standard in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: left; margin-bottom: 0"><B><I>Polysilicon quarterly
quality data in 2014</I></B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><I>&nbsp;</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><img src="tpg37.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In addition, we also offer high-quality wafers
through our downstream photovoltaic product manufacturing business. Currently the annual capacity of our wafer facilities is 72
million pieces. To meet the prevailing market demands, we produce both standard and high efficiency multi-crystalline wafers with
dimensions of 156 millimeters x 156 millimeters and thickness of 200 microns. Our high efficiency wafers are produced through an
innovative casting manufacturing process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;Item 5. Operating and Financial
Review and Prospects &mdash; A. Operating Results &mdash; Components of Results of Operations &mdash; Revenues&rdquo; for a breakdown
of our net revenues by category of activity.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Manufacturing Process</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Polysilicon</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0">Modified Siemens Process</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Three main technologies are used in polysilicon
production: the Siemens process, the fluidized bed reactor process and the newly developed upgraded metallurgical grade silicon
process. The Siemens process is an existing and well proven process technology predominantly used in high purity silicon feedstock
production in the solar industry. Three other new technologies, the fluidized bed reactor process, the upgrading metallurgical
grade silicon process and the vapor-to-liquid deposition, have the potential for lower cost production but are relatively new and
less proven.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We use the modified Siemens process to produce
polysilicon. The modified Siemens process includes three distinct steps: (1) TCS production; (2) distillation; and (3) deposition.
In addition, we recover and recycle exhaust gas throughout the process in our closed loop manufacturing system. The diagram below
describes our current general manufacturing process:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="tpg38.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0in">&nbsp;<B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>TCS production</I></B>. The first step
of the manufacturing process is to produce TCS from two widely available industrial raw materials: MG-Si and liquid chlorine. We
generate TCS in-house through our integrated manufacturing process. TCS production includes two steps: hydrogen chloride synthesis,
or HCl synthesis, and TCS synthesis. At the HCl synthesis step, liquid chlorine from a chlorine tank is vaporized to chlorine gas
and sent to the HCl synthesis furnace, where it reacts with hydrogen to generate HCl. At the TCS synthesis step that follows, MG-Si
powder is then sent to a TCS furnace and reacted with HCl gas. The temperature in the TCS synthesis furnace is maintained at 280&ndash;320&ordm;C
to facilitate the TCS reaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Distillation</I></B>. Distillation is
a method of separating mixtures based on differences in their boiling points. Raw TCS is purified through distillation to produce
high purity TCS feedstock. The difference in boiling points of TCS and impurities such as boron, phosphorous, and metal halides
allow for purification of TCS. It is critical to remove these impurities in this process to eliminate the possible causes of low
performance in solar cells. In the distillation process, all by-product chemicals from vent gases are separated and further purified
before being sent back to our production areas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Deposition</I></B>. The purified TCS
from the distillation process is vaporized, mixed with hydrogen gas, and then fed into the deposition reactor. The mixed gas passes
over heated silicon slim rods inside the deposition reactor. In the reactor, multiple pair slim rods are heated up to approximately
1,100&deg;C and high purity silicon is deposited on the rods surface. The constant feeding of TCS and hydrogen gas allows for continuous
silicon deposition until 150&ndash;200mm in diameter is achieved. At this point the deposition cycle is completed and the ultra
pure silicon is harvested.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0">Closed loop manufacturing system</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have implemented the modified Siemens process
in a completely closed loop system. The closed loop system is an advanced polysilicon manufacturing process widely used by leading
international polysilicon manufacturers. Compared to the open loop system, the closed loop system uses raw materials more efficiently,
requires less electricity and produces less pollution. Manufacturing polysilicon generates an exhaust gas primarily consisting
of hydrogen, HCl, and chlorosilanes. Using the vent gas recovery system, which combines condensers, distillation towers, adsorption
beds and compressors, we are able to separate the exhaust stream from our manufacturing process into individual components that
can be reused after further purification. For instance, a by-product of the deposition step is TET, which is a toxic chemical.
Through a separate hydrogenation process, we convert TET to TCS, so that we eliminate the costs related to TET disposal and reduce
operational risks of TET treatment. Mixed chlorosilanes are recovered as a liquid stream suitable for separation where we can directly
reuse TCS. Anhydrous HCl is recovered with high purity, suitable for use in TCS production. Recovered hydrogen typically contains
contaminants of fewer than 10 parts per million and is recycled to the deposition reactors. Recycling significantly reduces costs
related to waste disposal and the amount of raw materials we need to purchase for production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Although the closed loop system has lower manufacturing
costs than the open loop system, manufacturing facilities based on the open loop system can be built within a shorter period time
with less initial capital investment for equipment. Most of polysilicon manufacturing facilities in China were traditionally built
based on the open loop system. However, as the polysilicon market may face downward pricing pressure from time to time, we believe
that an increasing number of China-based manufacturers are converting their open loop system to the closed loop system and some
of them have completed such conversion. The full implementation of the closed loop system by other polysilicon manufacturers has
diminished our competitive advantages provided by this system. Nevertheless, in August 2011, Chongqing Daqo entered into a Technology
License and Transfer Agreement with GTAT Corporation, a Delaware company, under which GTAT granted us a license to use, in both
our Chongqing and Xinjiang facilities, its Hydrochlorination TCS Production Technology and Chlorosilane Recovery/Waste Neutralization
Technology, which will help expand our manufacturing capacity and significantly reduce electricity consumption to reduce our production
costs to reach a more competitive level.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">To achieve high efficiency in our manufacturing
process, we have also installed a distribution control system and a thermal energy recycling mechanism. The distribution control
system enables tight quality control, reduces process related variations, and improves productivity. Our thermal energy recycling
system allocates heat generated from our deposition reactors and hydrogenation reactors to many other production areas, such as
distillation facilities for TCS purification and our refrigeration station to support a large number of condensers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Moving forward, for our off-gas treatment process
we plan to adopt Hydrochlorination technology, a process which has seen increasing application in polysilicon manufacturing in
recent years. It converts TET (STC) to TCS by reacting with metallurgical grade silicon powder. Using Hydrochlorination technology,
chemical reactions take place under much higher pressure and at lower temperatures in comparison to the traditional hydrogenation
process. As a result, it consumes less electricity and offers a higher STC/TCS conversion rate. In addition, the hydrochlorination
process also does not require fresh TCS production, which further reduces production costs.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Wafer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We conducted our wafer business through tolling
arrangements with third party wafer manufacturers in 2009 and 2010. In July 2011, we commenced commercial production of multi-crystalline
silicon wafers at our wafer production facilities, which have a current production capacity of 72 million pieces.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The manufacturing process of wafers typically
consists of two major steps: ingot preparation and wafering. Multi-crystalline ingots are prepared by directional solidification
in a casting furnace. Silicon ingots will then be shaped to the required sizes and sliced to wafers by wire saws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Manufacturing Capacity</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following table sets forth our major installed
approximate annual production capacity objectives as of the dates indicated and includes the expected date of initial commercial
operation and fully ramped-up production of each expansion phase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 25%; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: top; width: 1%">
</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 11%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Approximate<BR>
        Annual<BR>
        Production<BR>
        Capacity</B></P></TD>
    <TD NOWRAP STYLE="vertical-align: top; width: 1%">
</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 25%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Construction&nbsp;Period</B></P></TD>
    <TD NOWRAP STYLE="vertical-align: top; width: 1%">
</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 22%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Commercial<BR>
        Production&nbsp;Period</B></P></TD>
    <TD NOWRAP STYLE="vertical-align: top; width: 1%">
</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 13%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Fully<BR>
        Ramped-up<BR>
        Production</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B><I>Polysilicon:</I></B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Phase 1a facilities<SUP>(1)(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,500MT</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">June 2007 &ndash; May 2008</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">July 2008 &ndash; September 2012</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">March 2009</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Phase 1b facilities<SUP>(1)(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,800MT</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">May 2008 &ndash; May 2009</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">December 2009 &ndash; September 2012</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">January 2010</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Capacity enhancement of Phase 1 facilities<SUP>(1)(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,000MT</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">December 2010</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">December 2010 &ndash; September 2012</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">December 2010</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Phase 2a facilities<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5,000MT</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Second Quarter 2011 &ndash; September 2012</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">First Quarter 2013 &ndash; Present</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">March 2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Capacity enhancement of Phase 2a facilities<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,150MT</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">July 2013 &ndash;&nbsp;January 2014</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">January 2014 &ndash; Present</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">First Quarter 2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Phase 2b facilities<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6,000MT</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">April 2014 &ndash; December 2014<SUP>(4)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">December 2014<SUP>(4)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Second Quarter 2015<SUP>(4)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Phase 3 facilities</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12,850</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&mdash;<SUP>(5)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&mdash;<SUP>(5)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Early 2017<SUP>(5)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B><I>Wafer:</I></B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Phase 1a facilities<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">36 million pieces</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">July 2010 &ndash; February 2011</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">July 2011 &ndash; Present</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">November 2011</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Phase 1b facilities<SUP>(1)(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">72 million pieces</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">February 2011 &ndash; September 2011</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">May 2013 &ndash; Present</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">November 2013</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>The facilities are located in Chongqing.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>We halted polysilicon production at these facilities in September 2012 and ultimately determined to cease production in the
second quarter of 2013.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD>The facilities are located in Xinjiang.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD>Estimated and may change subject to actual conditions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(5)</SUP></TD><TD>The estimated timetable of the Phase 3 project in our Xinjiang polysilicon facilities, which may be completed in two
                                                                       stages, may change subject to actual conditions. The construction period and the commercial production period of our Phase 3
                                                                       facilities will be determined on the basis of market and industry conditions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our annual polysilicon production
capacity reached 6,150 MT in 2014. We are in the process of further expanding the capacity of our Xinjiang facilities to
12,150 MT in order to better take advantage of what we believe will be lower production costs in Xinjiang, and optimize
utilization of the assets being relocated from the Phase 1 polysilicon facilities. We also plan to upgrade our off-gas
treatment process from traditional Hydrogenation technology to Hydrochlorination technology. We expect to fully ramp up
capacity in the second quarter of 2015. Our capacity expansion plan and technology improvement plan are preliminary and
subject to risks and uncertainties that may be out of our control. See &ldquo;Item 3. Key Information &mdash; D. Risk Factors
&mdash; Risks Related to Our Business &mdash; Our future success depends substantially on our ability to significantly expand
our polysilicon production capacity and output, and to relocate equipment to our Xinjiang facilities, which exposes us to a
number of risks and uncertainties&rdquo; and &ldquo;Item 3. Key Information &mdash; D. Risk Factors &mdash; Risks Related to
Our Business &mdash; If we are unable to manage our expansion effectively, our business and financial results may be
adversely affected.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Materials and Inputs Used in Production</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Polysilicon</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Raw materials required for our polysilicon
manufacturing process primarily include metallurgical grade silicon, which is silicon of 95% to 99% purity, and liquid chlorine,
two widely available industrial raw materials used in our in-house production of TCS, electricity and other utilities, and other
significant inputs for production, such as argon gas, caustic soda and graphite parts. We produce liquid chlorine in our in-house
facilities. This provides us with a reliable supply of liquid chlorine and also helps us to further reduce material costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The costs of electricity are significant in
the production of polysilicon. The electricity costs in Chongqing are lower than those in coastal areas of China and those in developed
countries due to Chongqing&rsquo;s abundant hydroelectric resources. The costs of electricity in Xinjiang are over 50% lower than
even those in Chongqing due to Xinjiang&rsquo;s abundant coal resources. We also use other utilities, such as steam, water and
natural gas, for our manufacturing process. Steam supply is important to the production of polysilicon. We use both a local supplier
and our in-house capabilities to produce steam.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Wafer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Wafer manufacturing uses solar grade polysilicon
as the primary raw material and consumables such as crucibles, wires and slurry. We utilize our in-house high quality polysilicon,
as well as externally purchased polysilicon for high efficiency wafer production. We have established an in-house slurry recycling
system to ensure the quality of re-used slurry and cut slurry cost significantly.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Equipment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The major polysilicon production equipment
includes hydroelectrolysis devices, hydrochlorination synthesis furnaces, TCS synthesis furnaces, distillation towers, polysilicon
deposition reactors, hydrogenation reactors, exhaust gas recovery units and distribution control systems. The major wafer production
equipment includes crystal growing furnaces, crucible coating machines, squarers, wire saws, wet benches and testing tools.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have close relationships with several of
the world&rsquo;s leading equipment manufacturers and work closely with selected equipment manufacturers to develop and build our
production lines. In addition, we developed technical specifications for the design of our power supply systems and reactors and
have engaged manufacturers to construct the equipment in accordance with our specifications. Our engineers work closely with our
equipment suppliers to design our production facilities. Furthermore, to lower costs, we have purchased and will continue to purchase
equipment that can be appropriately designed and manufactured by China-based suppliers. Our technical team is responsible for overseeing
the installation of our manufacturing lines to optimize the interaction between the various individual components of the entire
production process. They work together with our equipment suppliers&rsquo; technical teams on site at the time of installation.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Quality Assurance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We apply our quality control system at each
stage of our manufacturing process, from raw materials procurement to production and delivery, in order to ensure a consistent
quality of our products. We systematically inspect raw materials from our suppliers, such as MG-Si, liquid chlorine and various
consumables for our polysilicon business and polysilicon for our wafer business. We also test our inputs in each stage of our production
process to ensure the inputs meet all technical specifications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We sample each lot of polysilicon harvested
from the deposition reactors and keep the samples for product quality tracking purpose. We also set up a product tracking system
to trace back all shipped products to the samples we keep and to our database, which contains detailed information of each shipment.
We received the ISO 9001:2008 certification for our quality assurance system for both Chongqing and Xinjiang plants, which we believe
demonstrates our technological capabilities and inspires customer confidence. In 2009, Chongqing Science and Technology Commission
issued a three-year certificate to recognize our polysilicon as a high and new technology product. We have successfully renewed
the certificate until November 2015 and will continue to apply for renewal of the certificate after its expiration in November
2015. In 2014, Xinjiang Science and Technology Commission issued a three-year certificate to recognize our polysilicon as a high
and new technology product. In addition, in 2014, both Chongqing Daqo and Xinjiang Daqo have been recognized for their compliance
with the &ldquo;Photovoltaic Manufacture Industry Standard&rdquo; issued by the Ministry of Industry and Information Technology
of the PRC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">For our wafer production, we inspect all critical
incoming materials, such as feedstock silicon, crucible, slurry and wire to ensure they meet our wafer production requirement.
Through manufacturing process, technical parameters such as minority lifetime, resistivity, geometry dimension and surface appearance
will be checked at various points as part of in-process quality control. As a final product, each wafer is sent to an automatic
inspection machine to be inspected against our product technical specifications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In order to facilitate our production of photovoltaic
products and ensure the quality of the finished product, we conduct analysis for raw materials, in-process products and finished
products and monitor the environmental impact and safety throughout the production process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Customers and Sales</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We currently sell polysilicon and wafers to
China-based photovoltaic product manufacturers. Our major customers include operating entities of Jiangsu Meike Silicon Energy,
Jinko Solar, JA Solar, Shanghai Alex New Energy, LDK Solar and other companies. We sell a substantial portion of our photovoltaic
products to a limited number of customers. Our top three customers in aggregate accounted for 40.9%, 38.5% and 32.1% of our total
revenues in 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The majority of our polysilicon sales are made
under framework contracts. The framework contracts typically provide binding terms for the sales volumes of our polysilicon. The
pricing terms are typically agreed upon between us and our customers based on the prevailing market prices when specific sales
orders are made. We currently sell all of our wafer products on a spot pricing basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have established nationwide marketing capability
through our sales team in China. Each member of our sales team is dedicated to a particular region. Our sales team attends domestic
and international industrial conferences and trade fairs and organizes advertising and public relations events. Our sales and marketing
team works closely with both our research and development team and our production team to coordinate our ongoing supply and demand
planning.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Research and Development</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We believe that the continual development of
our technology will be vital to maintaining our long-term competitiveness. We have one of the leading research and development
teams among polysilicon manufacturers in China. Our research and development team consists of 171 experienced researchers and engineers.
Our senior management team spearheads our research and development efforts and sets strategic directions for the advancement of
our products and production processes, focusing on efforts to improve product quality, reduce manufacturing costs and broaden our
product markets. In 2014, we completed 29 research and technology or process improvement projects to enhance our polysilicon and
wafer manufacturing processes, and successfully registered 4 patents with the State Intellectual Property Office of the PRC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Intellectual Property</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our intellectual property is an essential element
of our business. We rely on patents, copyrights, trademarks, trade secrets and other intellectual property laws, as well as non-competition
and confidentiality agreements with our employees, business partners and others, to protect our intellectual property rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of the date of this annual report, we hold
25 patents and have 15 additional pending patent applications covering different aspects of the polysilicon manufacturing process.
We also rely heavily on a combination of proprietary process engineering, trade secrets and employee contractual protections to
establish and protect our intellectual property, as we believe that many crucial elements of our production processes involve proprietary
know-how, technology or data that are not covered by patents or patent applications, including technical processes, equipment designs,
algorithms and procedures. We have taken security measures to protect these elements. All of our research and development personnel
have entered into confidentiality and proprietary information agreements with us. These agreements address intellectual property
protection issues and require our employees to assign to us all of the inventions, designs and technologies that they develop when
primarily utilizing our resources or when performing their duties during their employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">While we continue to develop and pursue patent
protection for our own technologies, we expect to continue implementing third party license arrangements on certain key aspects
of our operation. For the risks associated with our reliance on certain third-party technologies, see &ldquo;Item 3. Key Information
&mdash; D. Risk Factors &mdash; Risks Related to Our Business &mdash; We rely on third party intellectual property for certain
key aspects of our operation, which subjects us to the payment of license fees and potential disruption or delays in the production
of our products.&rdquo; In August 2011, Chongqing Daqo entered into a Technology License and Transfer Agreement with GTAT Corporation,
a Delaware company, under which GTAT granted us a license to use its Hydrochlorination TCS Production Technology and Chlorosilane
Recovery/Waste Neutralization Technology for our current polysilicon production and future polysilicon production expansions in
both our Chongqing and Xinjiang facilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Most of our equipment supply contracts
with international suppliers include an indemnification provision under which the supplier undertakes to indemnify us against
actions, claims, demands, costs, charges, and expenses arising from or incurred by reason of any infringement or alleged
infringement of patent, copyright, trade mark or trade name by the use of the equipment provided by the supplier. However, it
is unclear whether we will be entitled to such indemnification in the event that we use the equipment supplied by such
supplier in conjunction with other equipment not supplied by such supplier. In addition, many of our equipment supply
contracts with China-based suppliers do not provide any intellectual property indemnification provisions. See &ldquo;Item 3.
Key Information &mdash; D. Risk Factors &mdash; Risks Related to Our Business &mdash; We may be exposed to infringement or
misappropriation claims by third parties, which, if determined adversely to us, could cause us to pay significant damage
awards.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Competition</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We face competition in China and in the international
markets in which we have sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The photovoltaic market is dominated by a few
major manufacturers with a large number of small manufacturers competing for the remaining small portion of the market. We face
competition mainly from top manufacturers who have succeeded in establishing a strong brand name with solar companies. For our
polysilicon and wafer businesses, our major international competitors include Hemlock, Wacker, OCI, REC, SMP and Green Energy Technology,
and our China-based competitors include GCL-Poly, TBEA, China Silicon Corporation and LDK Solar, among others. In addition, some
solar cell and module manufacturers might have the intention of establishing polysilicon production or affiliate relationships
with manufacturers of polysilicon. We compete with these in-house capabilities, which could limit our ability to expand our sales.
Furthermore, the demand for our polysilicon may be adversely affected by alternative technologies in cell manufacturing. The vast
majority of silicon-based photovoltaic cell manufacturers currently use chunk or granular polysilicon. However, alternative technologies
are being developed in cell manufacturing. For example, one such technology, thin-film cell production, uses little to no silicon
in the production of solar cells. We believe that the solar cells made using thin-film technologies generally tend to have lower
energy conversion efficiency than silicon-based solar cells. In addition, the manufacturing cost of silicon-based cells has been
significantly reduced recently, which largely reduces or eliminates the historical cost advantage of thin-film cells. Based on
our management&rsquo;s industry knowledge, we believe silicon-based cells will remain the most widely used solar photovoltaic cells
in the near future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We believe that the key competitive factors
in the market for photovoltaic products include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>product quality;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>price and cost competitiveness;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>manufacturing technologies and efficiency;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>manufacturing reliability;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>economies of scale; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reputation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We believe we differentiate ourselves from
our competitors and capture market share in the polysilicon markets through our product quality, price and cost competitiveness,
and manufacturing technologies and efficiency.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Regulation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">This section sets forth a summary of the most
significant regulations or requirements that affect our business activities in China.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Renewable Energy Law and Other Government
Directives</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">China enacted the Renewable Energy Law in February
2005 and amended the law in December 2009. The amended Renewable Energy Law sets forth the national policy to encourage and support
the development and use of solar and other renewable energy and its use for on-grid generation. The law also sets forth the national
policy to encourage the installation and use of solar technologies in water-heating systems, heating and cooling systems, power
generation systems and other energy utilization systems. In addition, the law provides financial incentives, such as national funding,
preferential loans and tax preferences for the development of renewable energy projects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In January 2006, the National Development and
Reform Commission, or the NDRC, issued two implementing rules relating to the Renewable Energy Law that, among other things, provide
general policies regarding the pricing of on-grid power generated by solar and other renewable energy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In May 2006, the Ministry of Finance issued
measures providing that the Chinese government shall provide certain government subsidies and financial incentives to support the
development of the renewable energy industry, including the solar energy industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In August 2006, the Ministry of Housing and
Urban-Rural Development (formerly the Ministry of Construction) and the Ministry of Finance also issued guidelines which sought
to expand the use of solar energy in residential buildings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In August 2007, the NDRC promulgated the Medium
and Long-Term Development Plan for the Renewable Energy Industry. This plan sets forth national policy to provide financial allowance
and preferential tax regulations for the renewable energy industry. A similar demonstration of the PRC government&rsquo;s commitment
to renewable energy was also set forth in the Eleventh Five-Year Plan for Renewable Energy Development, which was promulgated by
the NDRC in March 2008. The Outline of the Twelfth Five-Year Plan for National Economic and Social Development of the PRC, which
was approved by the National People&rsquo;s Congress in March 2011, also demonstrates a commitment to promote the development of
renewable energy to enhance the competitiveness of the renewable energy industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In March 2009, the Ministry of Finance promulgated
the Interim Measures for Administration of Government Subsidy Funds for Application of Solar Photovoltaic Technology in Building
Construction to support the development of solar photovoltaic technology in China. Local governments are encouraged to issue and
implement supporting policies. Also in March 2009, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development
jointly promulgated the Implementation Opinion on Acceleration in the Application of Solar Photovoltaic Technology in Building
Construction. On March 8, 2011, the Ministry of Finance and Ministry of Housing and Urban-Rural Development jointly promulgated
the Notice on Further Application of Renewable Energy in Building Construction, which aims to raise the percentage of renewable
energy used in buildings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In July 2009, the Ministry of Finance, the
Ministry of Science and Technology and the National Energy Bureau jointly issued measures that provide for government subsidies
to support the photovoltaic industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In September 2009, the NDRC and nine other
governmental agencies jointly issued measures aimed at curtailing the perceived over-capacity in certain industry sectors, such
as steel, concrete, polysilicon and wind power equipment. Pending the promulgation of more specific regulations, the measures require
new projects after the date of the new measures in any of the deemed &ldquo;over-capacity industries&rdquo; to obtain approval
from the NDRC. The measures also provide that the Chinese government shall support polysilicon manufacturers with large manufacturing
capacities and advanced technologies. As a result, any entity which plans to establish a polysilicon manufacturing facility or
to expand its current manufacturing facility in China after the measures were issued must seek pre-approval from the NDRC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On January 24, 2011, the NDRC issued detailed
regulations for the approval of new polysilicon construction projects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On July 24, 2011, the NDRC issued the Circular
on Improving the On-Grid Price Policy for Photovoltaic Power, which aims to stimulate the photovoltaic power industry by regulating
the price of photovoltaic power.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On July 4, 2013, the General Office of the
State Council of China issued &ldquo;Several opinions on promoting healthy development of Solar PV industry&rdquo; which increased
the aggregated target for PV installations as of 2015 from the previously announced 21GW to 35GW.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On September 16, 2013, the Ministry
of Industry and Information Technology issued &ldquo;Regulatory Requirements For the Solar PV Manufacturing Industry&rdquo;
and amended the Regulatory Requirements on March 25, 2015. The amended Regulatory Requirements set forth specific
requirements for all sectors through the whole solar PV value chain regarding layout, scale, capacity, quality, efficiency,
power consumption, environmental control and certain other elements of PV production, in order to further promote the
structual adjustment and the transformation and upgrade of the PV industry, continue to strengthen industry supervision, and
enhance the development of the industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On January, 2014, the National Energy Administration
of China announced the PV installation target for 2014 to be 14GW, which includes 8GW for distributed PV systems and 6GW for large
scale PV power plants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Environmental and Safety Regulations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We use, generate and discharge toxic, volatile
or otherwise hazardous chemicals and wastes in our research and development and manufacturing activities. China enacted the Environmental
Protection Law effective December 1989. In addition to the Environmental Protection Law, we are subject to a variety of specific
laws and regulations in China related to the storage, use and disposal of hazardous materials, including laws and regulations governing
water pollution, air pollution, solid waste pollution, noise pollution, hazardous chemicals, pollutant discharge fees and environmental
impact appraisals. We are also subject to laws and regulations governing worker safety, work safety permits and occupational disease
prevention. Our operation is subject to regulation and periodic monitoring by local environmental protection and work safety authorities.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Foreign Currency Exchange</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under various rules and regulations issued
by SAFE and other relevant PRC government authorities, the RMB is convertible for current account items, such as trade related
receipts and payments, interest and dividends. Capital account items, such as direct equity investments, loans and repatriation
of investment, require the prior approval from SAFE or its local counterpart for conversion of RMB into a foreign currency, such
as U.S. dollars, and remittance of the foreign currency outside the PRC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Payments for transactions that take place within
the PRC must be made in RMB. Unless otherwise approved, PRC companies must repatriate foreign currency payments received from abroad.
Foreign-invested enterprises may retain foreign exchange in accounts with designated foreign exchange banks subject to a cap set
by SAFE or its local counterpart. Unless otherwise approved, domestic enterprises must convert all of their foreign currency receipts
into RMB.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Admission of Foreign Investment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The principal regulation governing foreign
ownership of solar power businesses in the PRC is the Foreign Investment Industrial Guidance Catalogue. Under the current catalogue,
which was amended in 2015 and became effective April 10, 2015, the solar power related business is classified as an &ldquo;encouraged
foreign investment industry.&rdquo; Companies that operate in encouraged foreign investment industries and satisfy applicable statutory
requirements are eligible for preferential treatment, including exemption from customs and input value added taxes, or VAT, and
priority consideration in obtaining land use rights.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Foreign Exchange Registration of Offshore
Investment by PRC Residents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Pursuant to SAFE Circular 75, issued in October
2005, and a series of implementation rules and guidance, including the circular relating to operating procedures that came into
effect in July 2011, PRC residents, including PRC resident natural persons or PRC companies, must register with local branches
of SAFE in connection with their direct or indirect offshore investment in an overseas special purpose vehicle, for the purposes
of overseas equity financing activities, and to update such registration in the event of any significant changes with respect to
that offshore company. SAFE promulgated the Circular on Relevant Issues Concerning Foreign Exchange Control on Domestic Residents&rsquo;
Offshore Investment and Financing and Roundtrip Investment through Special Purpose Vehicles, or SAFE Circular 37, on July 4, 2014,
which replaced the SAFE Circular 75. SAFE Circular 37 requires PRC residents to register with local branches of SAFE in connection
with their direct establishment or indirect control of an offshore entity, for the purpose of overseas investment and financing,
with such PRC residents&rsquo; legally owned assets or equity interests in domestic enterprises or offshore assets or interests,
referred to in SAFE No. Circular 37 as a &ldquo;special purpose vehicle.&rdquo; The term &ldquo;control&rdquo; under SAFE Circular
37 is broadly defined as the operation rights, beneficiary rights or decision-making rights acquired by the PRC residents in the
offshore special purpose vehicles or PRC companies by such means as acquisition, trust, proxy, voting rights, repurchase, convertible
bonds or other arrangements. SAFE Circular 37 further requires amendment to the registration in the event of any changes with respect
to the basic information of the special purpose vehicle, such as changes in a PRC resident individual shareholder, name or operation
period; or any significant changes with respect to the special purpose vehicle, such as increase or decrease of capital contributed
by PRC individuals, share transfer or exchange, merger, division or other material event. If the shareholders of the offshore holding
company who are PRC residents do not complete their registration with the local SAFE branches, the PRC subsidiaries may be prohibited
from distributing their profits and proceeds from any reduction in capital, share transfer or liquidation to the offshore company,
and the offshore company may be restricted in its ability to contribute additional capital to its PRC subsidiaries. Moreover, failure
to comply with SAFE registration and amendment requirements described above could result in liability under PRC law for evasion
of applicable foreign exchange restrictions. On February 28, 2015, SAFE promulgated a Notice on Further Simplifying and Improving
Foreign Exchange Administration Policy on Direct Investment, or SAFE Notice 13, which will become effective on June 1, 2015. After
SAFE Notice 13 becomes effective, entities and individuals will be required to apply for foreign exchange registration of foreign
direct investment and overseas direct investment, including those required under the SAFE Circular 37, with qualified banks, instead
of SAFE. The qualified banks, under the supervision of SAFE, will directly examine the applications and conduct the registration.
The failure or inability of our PRC resident shareholders to comply with the registration procedures may subject the PRC resident
shareholders to fines and legal sanctions, restrict our cross-border investment activities, or limit our PRC subsidiaries&rsquo;
ability to distribute dividends to or obtain foreign exchange-dominated loans from our company. See &ldquo;Item 3. Key Information
&mdash; D. Risk Factors &mdash; Risks Related to Doing Business in China &mdash; Chinese regulations relating to offshore investment
activities by Chinese residents may increase the administrative burden we face and may subject our Chinese resident beneficial
owners or employees to personal liabilities, limit our subsidiaries&rsquo; ability to increase its registered capital or distribute
profits to us, limit our ability to inject capital into our Chinese subsidiaries, or may otherwise expose us to liability under
Chinese law.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Regulations on Employee Stock Options
Plans</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In February 2012, SAFE promulgated the Notice
on the Administration of Foreign Exchange Matters for Domestic Individuals Participating in the Stock Incentive Plans of Overseas
Listed Companies, or the Stock Option Notice. According to the Stock Option Notice, a PRC domestic qualified agent or the PRC subsidiary
of such overseas listed company must file an application with SAFE or its local counterpart on behalf of PRC resident individuals
who participate in stock incentive plans of overseas publicly-listed companies to obtain approval for an annual allowance with
respect to the purchase of foreign exchange in connection with the stock holding or share option exercises. Our company is an &ldquo;overseas
publicly-listed company,&rdquo; and therefore, we and participants of our share incentive plan who are PRC individuals are subject
to these regulations. We have completed the registration for the options granted as of December 31, 2014 and are in the process
of submitting an application to register the options granted in January 2015.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Seasonality</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Due to our limited size, we do not expect our
operating results and operating cash flows to be subject to seasonal variations. This pattern may change, however, as a result
of growth, new market opportunities or new product introductions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">C. Organizational Structure</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following diagram illustrates our corporate
structure, including our principal subsidiaries, as of the date of this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><img src="tpg47.jpg"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>As of the date of this annual report, individual owners of Daqo Group beneficially hold equity interests in Daqo Cayman through
ten personal holding companies incorporated in the British Virgin Islands. See &ldquo;Item 6. Directors, Senior Management and
Employees &mdash; E. Share Ownership.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>Indicates the respective shareholding percentage of the shareholders in Daqo Cayman.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD>Indicates jurisdiction of incorporation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD>Indicates companies within the listing group.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">D. Property, Plants and Equipment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are headquartered in Wanzhou, Chongqing,
China, where we own several buildings with approximately 50,465 square meters of office and manufacturing space in total as of
December 31, 2014. We have been granted land use rights to approximately 132,441 square meters of land on which our plants or offices
are situated, and such land use rights are usually valid for a period of fifty years starting from the date of grant from the local
government. Our Phase 2 production facilities in Xinjiang have approximately 94,540 square meters of office and manufacturing space
in total as of December 31, 2014. On January 1, 2014, we signed a five-year lease agreement with Daqo New Material for, among
other things, office buildings and employee dormitories.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In September 2012, we sold our 100% equity
interest in Nanjing Daqo to Daqo Group for a consideration of $9.9 million in order to concentrate on our core businesses of polysilicon
and wafer production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We believe that our existing facilities, together
with our facilities under construction, are adequate for our current and foreseeable requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;Item 5. Operating
and Financial Review and Prospects &mdash; B. Liquidity and Capital Resources &mdash; Capital Expenditures&rdquo; for a
discussion of our capital expenditures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Environmental and Safety Matters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our manufacturing processes generate noise,
waste water, gaseous wastes and other industrial wastes. We believe we are in compliance with all present national and local environmental
protection requirements in all material respects and have all the necessary environmental permits to conduct our business in China.
We process all our waste water and waste gas through various treatments so that they meet the respective national discharge standard.
In addition, most of our solid waste can be reused and does not contain poisonous materials. We have established a pollution control
system and installed various types of anti-pollution equipment in our facilities to reduce, treat, and where feasible, recycle
the waste generated in our manufacturing process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are required to undergo environmental protection
and work safety acceptance inspections and obtain approval from relevant governmental authorities before our manufacturing lines
are permitted to commence full production. Our production facilities are subject to various pollution control regulations with
respect to noise and air pollution and the disposal of waste and other hazardous materials. We have obtained a pollutant discharge
permit, a work safety permit for storage and use of hazardous chemicals and a permit for the use of atmospheric pressure containers
we have installed.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Insurance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We maintain various insurance policies to safeguard
against risks and unexpected events. We purchased property insurance and project construction insurance policies covering our inventory,
equipment, vehicles, facilities, buildings and buildings under construction. These insurance policies cover losses due to fire,
explosion and a wide range of human accidents. We also provide social security insurance including pension insurance, unemployment
insurance, work-related injury insurance and medical insurance for our employees. We do not maintain business interruption insurance
or general third-party liability insurance. We also do not have product liability insurance or key-man life insurance. See &ldquo;Item
3. Key Information &mdash; D. Risk Factors &mdash; Risks Related to Our Business &mdash; We have limited insurance coverage. In
particular, we do not have any product liability insurance or business interruption insurance.&rdquo; We consider our insurance
coverage to be in line with that of other manufacturing companies of similar size in China.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_008" TITLE="ITEM 4A."></A>ITEM 4A. UNRESOLVED STAFF COMMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">None.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_009" TITLE="ITEM 5."></A>ITEM 5. OPERATING AND FINANCIAL REVIEW AND
PROSPECTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">You should read the following discussion and
analysis of our financial condition and results of operations in conjunction with the historical consolidated financial statements
of our company for the years ended December 31, 2012, 2013 and 2014 and related notes included elsewhere in this annual report
on Form 20-F. This discussion contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual
results and the timing of selected events could differ materially from those anticipated in these forward-looking statements as
a result of various factors, including those set forth under &ldquo;Risk Factors&rdquo; and elsewhere in this annual report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. Operating Results</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Overview</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are a leading polysilicon manufacturer based
in China with an annual production capacity of 6,150 MT as of the date of this annual report. We believe our production cost for
polysilicon is one of the lowest and our product quality is one of the best in China. We have expanded to the downstream photovoltaic
manufacturing business to establish facilities for wafer manufacturing. Our current wafer manufacturing annual capacity is 72 million
pieces. We had 100MW module production facilities in Nanjing, all of which we sold to Daqo Group in September 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We strive to improve our polysilicon production
efficiency and to increase our output through technological improvements, adoption of process innovation and refinement, as well
as equipment enhancement. As a result of these initiatives, we produced 4,524 MT polysilicon in 2011. In 2012, our polysilicon
output was 3,349 MT<SUP>(1)</SUP>, which was less than 2011 due to the suspension of the Phase 1 polysilicon facilities and less
than normal output in our Xinjiang facilities during the pilot production period in the fourth quarter of 2012. In 2013, we produced
4,805 MT polysilicon which was all contributed by our Xinjiang facilities. We conducted a &ldquo;debottlenecking&rdquo; project
for our Xinjiang facilities and successfully completed the project and started pilot production in December 2013. We fully realized
capacity of 6,150 MT and lower production costs to the level of $14 per kg in the first quarter of 2014. We are in the process
of conducting our Phase 2b project to further increase the polysilicon production capacity in our Xinjiang facilities to 12,150
MT, which includes relocating machinery and equipment from the Phase 1 polysilicon facilities in Chongqing. We expect to fully
ramp up our nameplate production capacity to 12,150 MT per annum by the end of the second quarter of 2015. We are also in the process
of upgrading our off-gas treatment process from traditional Hydrogenation technology to Hydrochlorination technology. We are also
considering further capacity expansion at our Xinjiang facilities in the medium term, the Phase 3 expansion. Subject to market
and industry conditions, we expect our Phase 3 project, which may be conducted in two stages, to expand total polysilicon production
capacity to 25,000 MT by early 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We currently sell polysilicon to China-based
photovoltaic product manufacturers. The majority of our sales are made under framework contracts, with the prices to be determined
at the time when specific sales orders are made. As of December 31, 2014, our major photovoltaic product customers included operating
entities of Jiangsu Meike Silicon Energy, Jinko Solar, JA Solar, Shanghai Alex New Energy, LDK Solar and other companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have expanded to the downstream photovoltaic
manufacturing business to establish facilities for wafer manufacturing. Our Phase 1a wafer manufacturing facilities in Chongqing
commenced commercial production with an annual capacity of 36 million pieces in July 2011. We gradually increased the utilization
rate of our wafer facilities in 2013 and successfully expanded the capacity to 72 million pieces in November 2013. Since 2014,
we have been running our wafer business in full capacity and improved the quality and efficiency for our wafer products. In May
2014, we established in-house slurry recovery system, which helps us to lower the wafer production cost.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have achieved substantial growth since we
commenced commercial production of polysilicon in July 2008, though we experienced a significant downturn in terms of revenue and
net income in 2012. In 2013, with the recovery of the solar PV market, we achieved an increase of 25.5% in our revenues compared
to 2012. Our gross margin also improved from negative 43.1% in 2012 to negative 23.9% in 2013. We produced 3,349 MT<SUP>(1)</SUP>,
4,805 MT and 6,560 MT of polysilicon and sold 3,262 MT<SUP>(2)(3)</SUP>, 4,283 MT<SUP>(3) </SUP>and 5,972<SUP>(3) </SUP> MT in
2012, 2013 and 2014, respectively. We generated revenues from continuing operations of $86.9 million, $109.0 million and $182.6
million in 2012, 2013 and 2014, respectively. We incurred net losses attributable to Daqo New Energy Corp. shareholders of $111.9
million and $70.9 million in 2012 and 2013 respectively. We achieved net income attributable to Daqo New Energy Corp. shareholders
of $16.7 million in 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>Excluding 617 MT polysilicon produced in Xinjiang facilities during the pilot production period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>Excluding 323 MT polysilicon sold from Xinjiang facilities during the pilot production period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD><FONT STYLE="font-size: 10pt">The polysilicon sales volume here only refers to the external sales. The internal sales to our
in-house wafer facilities were 315 MT, 770&nbsp;MT and 671 MT in 2012, 2013 and 2014, respectively. </FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Key Factors Affecting Our Results of Operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following are key factors that affect our
financial condition and results of operations and are important for understanding our business:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>demand for photovoltaic products, including government incentives to promote the usage of solar energy;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>product prices;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our product mix;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our production capacity and utilization; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our production costs, and in particular the cost of electricity.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 1"></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">Demand for photovoltaic products</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our business and revenue growth are, in part,
dependent on the demand for photovoltaic products. The photovoltaic industry remains at a relatively early stage of development
and it is uncertain whether solar energy will be widely adopted. Although demand for photovoltaic products has grown significantly
over the past decade, the global economic slowdown and turmoil in the global financial markets, especially the European sovereign
debt crisis that unfolded in 2010 and the slowdown of the Chinese economy, coupled with rapid declines in petroleum and natural
gas prices, have made solar energy less cost competitive and less attractive as an alternative source of energy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Demand for photovoltaic products is driven,
in part, by government incentives that make the economic cost of solar power competitive with the cost of traditional and other
forms of energy. We believe that the near-term growth of the market for solar energy applications depends in large part on the
availability and size of government subsidies and economic incentives. Petroleum prices started to move downward in the second
half of 2014. If the decrease in petroleum prices continues, government incentives provided to the solar industry in major markets
may be reduced. Reduction in or elimination of government subsidies and economic incentives may hinder the growth of this market
or result in lower sales prices for solar energy products, which could cause our revenues to decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Global solar PV installations in 2014 totaled
around 45.0 GW, which represents a 23.3% increase compared to 36.5 GW in 2013. Although the European markets shrank significantly
due to subsidy cuts in major markets like Germany, Italy and Spain, the markets in China, Japan and the US took over the leading
positions as the three biggest markets for solar PV in 2014. Currently most of the analyst reports forecast that global solar PV
installations in 2015 will be in the range of 52~55 GW, which represents growth of 16%~22%. In March 2015, Chinese National Energy
Administration released 2015&rsquo;s solar PV installation target of 17.8GW, which is 19% higher than the draft target of 15GW,
and indicates almost 70% growth from 10.6 GW in 2014. Although some additional polysilicon supply may enter into the market mainly
in the second half of 2015, we believe the supply and demand of polysilicon will remain in balance, on the premise that the global
markets, including China market, will grow as expected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Product prices</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The sales prices of our photovoltaic products
are volatile and cannot always be predicted with certainty. Our sales prices declined from mid-2008 to the middle of 2010 due to
industry-wide excess supply but stabilized in the third quarter of 2010 and increased marginally in the fourth quarter of 2010
due to end market demand. In 2011 our sales prices declined rapidly in the fourth quarter primarily due to excess supply in the
market. The decline in sales prices continued throughout 2012. Our sales prices started to recover through 2013 due to improved
demand and reduced inventory levels. The decline in the market price of polysilicon resulted in an approximately 7% decrease in
the average selling price of our polysilicon from 2010 to 2011, a further 59.3% decrease from 2011 to 2012 and a further 23.3%
decrease from 2012 to 2013. The market prices for polysilicon and wafer have improved significantly through 2013, albeit not sufficiently
to reverse the year-on-year average decrease. In 2014, the average selling prices for polysilicon fluctuated in the range approximately
from $20/kg to $22/kg. Our gross margin from continuing operations decreased from positive 37.6% in 2011 to negative 43.1% in 2012
and increased to negative 23.9% in 2013. In 2014, our gross margin from continuing operations improved to 23.7%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Since September 1, 2014, the Chinese government
has suspended the review of applications for importing solar grade polysilicon in the processing trade, according to an announcement
jointly made by Ministry of Commerce and General Administration of Customs, or GAC, of the PRC in August 2014. All existing agreements
approved prior to September 1, 2014 can continue to be performed until the contract terms expire. In addition, certain enterprises
in the processing trade business that have been included in the supervisory network of the GAC are allowed to continue to import
before the end of 2014. As a result, in the third and fourth quarters of 2014, foreign polysilicon manufacturers increased their
supply of polysilicon into China to take advantage of the grace period before the suspension fully kicked in and exerted pressure
on the average selling prices of polysilicon. However, we do not expect the increase of supply from foreign polysilicon manufacturers
to continue after the contract terms of the existing processing trade agreements expire under the Chinese government&rsquo;s suspension
policy, which is expected to remain in effect in the foreseeable future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B>Company&rsquo;s yearly polysilicon average
selling prices vs. average spot prices* (VAT excluded):<I> </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><img src="tpg51.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">* PVinsights spot prices are yearly averages
based on PVinsights &ldquo;PV Poly Silicon Weekly Spot Price&rdquo; data.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Product mix</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The proportion of our revenues that are generated
from the sales of other photovoltaic products, also referred to as product mix, affects our revenues and profitability. In addition
to the revenues generated from sales of polysilicon, we also generated revenues from other products. In 2010, we generated revenues
from sales of modules and wafers and we processed wafers through tolling arrangements with third party wafer manufacturers. In
2011, we generated revenues from sales of wafers and modules we produced in our facilities. In 2012, we generated revenue from
sales of modules for the first three quarters of the year before we sold 100% of our equity interests of Nanjing Daqo, and we also
generated revenue from sales of wafers produced in our facilities. In 2013 and 2014, we generated revenue from sales of polysilicon
and wafers. For the year ended December 31, 2014, the revenues we generated from our two segments included sales of polysilicon
and wafers, which accounted for 69.9% and 30.1% of our total revenues from continuing operations, respectively.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our production capacity and utilization</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In the near future, we plan to continue to
focus on our core businesses to further improve our operation efficiency, cost structure and products quality by expanding our
capacity, adopting new technologies and optimizing the manufacturing processes. For our polysilicon business, we ramped up production
at the Phase 1b facilities to their full annual capacity of 1,800 MT in 2010. We expanded the aggregate capacity of our Phase 1a
and Phase 1b facilities to 4,300 MT through a capital enhancement project in 2011. In September 2012, we halted the production
of polysilicon in our Phase 1a and 1b facilities in Chongqing and ultimately determined to cease production in the second quarter
of 2013. In September 2012, we successfully completed our Xinjiang Phase 2a facilities. Currently our annual capacity in Xinjiang
Phase 2a for polysilicon is 6,150 MT. We are in the process of conducting our Phase 2b project to further increase the polysilicon
production capacity in our Xinjiang facilities to 12,150 MT. We are also considering further capacity expansion at our Xinjiang
facilities in the medium term, which may be conducted in two stages, and expand total polysilicon production capacity to 25,000
MT by early 2017, subject to market and industry conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">For our wafer business, the Phase 1a wafer
manufacturing facilities in Chongqing commenced commercial production in July 2011 and reached the current capacity of 36 million
pieces in November 2011. We gradually increased the utilization rate of our wafer facilities in 2013 and successfully expanded
the capacity to 72 million pieces in November 2013.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Our production costs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our polysilicon production costs consist primarily
of the costs of electricity and other utilities, raw materials, labor and depreciation. Currently electricity is the largest component
of our polysilicon production costs. In our Phase 2 facilities in Xinjiang, because of the abundant coal resources, the local electricity
rate is much lower than that in most areas in China. This cost advantage, along with our operational expertise, enables us to become
one of the lowest cost producers around the globe. We plan to implement additional measures to reduce our production costs through
technology, process and equipment improvement. For example, we are in the process of conducting our Phase 2b project to further
increase the polysilicon production capacity in our Xinjiang facilities to 12,150 MT. We are also in the process of upgrading our
off-gas treatment process from traditional Hydrogenation technology to Hydrochlorination technology. We expect to lower the production
cost (including depreciation) and cash cost (excluding depreciation) to the level of $12 per kg and $8.7 per kg, respectively,
when we fully ramp up capacity by the end of the second quarter of 2015. Effective cost-reduction measures will have a direct impact
on our financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our wafer production costs consist primarily
of the costs of polysilicon, other raw materials, labor and depreciation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B>Indicative polysilicon production cost breakdown:
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><img src="tpg52.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Components of Results of Operations</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Revenues</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our revenues are primarily derived from the
sale of polysilicon and secondarily by the sale of wafers. In 2012, the revenues generated from sales of polysilicon and wafers
accounted for 84.6% and 15.4% of our total revenues, respectively. In 2013, the revenues we generated from the sales of polysilicon
and wafers accounted for 70.4% and 29.6% of our total revenues from continuing operations, respectively. In 2014, the revenues
we generated from the sales of polysilicon and wafers accounted for 69.9% and 30.1% of our total revenues from continuing operations,
respectively. The percentage increase of the sales of wafers reflected improvements in the utilization rate and capacity of our
wafer facilities. We plan to continue to focus on our current businesses to further improve operation efficiency, cost structure
and product quality. If we are successful in executing our expansion plans, we expect our polysilicon revenue to grow in relation
to our total consolidated revenues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We commenced polysilicon production in 2008.
We produced 3,349 MT<SUP>(1)</SUP>, 4,805 MT and 6,560 MT of polysilicon and sold 3,262 MT<SUP>(2)(3)</SUP>, 4,823 MT<SUP>(3)</SUP>
and 5,972 MT<SUP>(3)</SUP> of polysilicon in 2012, 2013 and 2014, respectively. Our polysilicon selling prices are directly affected
by global supply and demand conditions. Due to the global oversupply of polysilicon since late 2008 and the resulting pricing pressure,
the average selling price of our polysilicon decreased by 59.3% in 2012 as compared to 2011, further decreased by 23.3% in 2013
as compared to 2012, and increased by 34.4% in 2014 as compared to 2013. In the fourth quarter of 2012, the sales prices for polysilicon
and wafer both started to recover from historical lows due to improved demand and reduced inventory levels, and continued to increase
into the first half of 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We generated revenues of $86.9<SUP>(2)</SUP>
million, $109.0 million and $182.6 million from continuing operations in 2012, 2013 and 2014, respectively. We incurred net losses
attributable to our shareholders of $111.9 million and $70.9 million in 2012 and 2013, respectively. We achieved net income attributable
to our shareholders of $16.7 million in 2014. In 2012, our revenues from continuing operations included $73.5 million generated
from sales of polysilicon and $13.4 million generated from sales of wafers. In 2013, our revenues from continuing operations included
$76.7 million generated from sales of polysilicon and $32.3 million generated from sales of wafers. In 2014, our revenues from
continuing operations included $127.7 million generated from sales of polysilicon and $54.9 million generated from sales of wafers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have entered into framework agreements with
some of our customers. These contracts typically contain binding terms related to the sales volumes of our photovoltaic products
during the contract term. The pricing terms are typically agreed upon between us and our customers based on the prevailing market
prices when specific sales orders are placed. Such pricing determination method has caused, and is expected to continue to cause,
fluctuations in our revenues and results of operations. In 2012, our top three customers, Yingli Green Energy, Solargiga and Jiangxi
Sornid, accounted for approximately 25.0%, 8.6% and 7.3% of our total revenues, respectively, and the three customers in aggregate
accounted for approximately 40.9% of our total revenues. In 2013, our top three customers, Jiangsu Meike Silicon Energy, Zhenjiang
Daqo and Hanwha SolarOne , accounted for approximately 18.0%, 12.4% and 8.1% of our total revenues, respectively, and the three
customers in aggregate accounted for approximately 38.5% of our total revenues. In 2014, our top three customers, Jiangsu Meike
Silicon Energy, JA Solar Technology Yangzhou Co., Ltd., and Jinko Solar Co., Ltd., accounted for approximately 13.1%, 10.0% and
9.0% of our total revenues, respectively, and the three customers in aggregate accounted for approximately 32.1% of our total revenues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Excluding 617 MT polysilicon produced in Xinjiang facilities during the pilot production period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Excluding 323 MT polysilicon sold from Xinjiang facilities during the pilot production period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>The polysilicon sales volume here only refers to the external sales. The internal sales to our in-house wafer facilities were
315 MT, 770 MT and 671 MT in 2012, 2013and 2014, respectively.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Cost of revenues</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our cost of revenues primarily consists of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>depreciation of property, plant and equipment;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>electricity and other utilities, such as steam, water and natural gas;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>raw materials, including metallurgical grade silicon, liquid chlorine, nitrogen, calcium oxide and hydrogen; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>direct labor, including salaries and benefits for personnel directly involved in production activities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Due to our capacity expansion, depreciation
in absolute terms had increased significantly prior to 2014. Depreciation in absolute terms has decreased significantly in 2014,
primarily as a result of our revision to the expected useful lives of fixed assets during the first quarter of 2014 and the deconsolidation
of our former variable interest entity as of December 30, 2013. Nevertheless, depreciation will resume its upward trend if we further
expand our polysilicon production capacity or conduct technology improvement as we currently plan to do. We also expect that our
total cost of revenues will increase as we increase our sales volume.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Operating expenses/income</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our operating expenses include selling, general
and administrative expenses and research and development expenses, which are partially offset by other operating income as described
below.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Selling, general and administrative
expenses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our selling, general and administrative expenses
consist primarily of salaries and benefits for our administrative, finance and sales personnel, packaging and shipping costs, sales-related
travel and entertainment expenses, other travel and corporate expenses, depreciation of equipment used for administrative purposes
and professional expenses. All costs in connection with start-up activities, including costs incurred prior to commencement of
production and corporate formation costs of Daqo Cayman, were expensed as incurred. We expect that the amount of our selling, general
and administrative expenses will increase as we expand our polysilicon production capacity, increase our sales efforts, hire additional
personnel, and incur professional expenses to support our operations as a listed company in the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Research and development expenses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our research and development expenses consist
primarily of costs of raw materials used in research and development activities, salaries and employee benefits for research and
development personnel, and equipment costs relating to the design, development, testing and enhancement of our production process.
We expect our research and development expenses to increase in the future as we continue to hire additional research and development
personnel and focus on improvement of process technologies for our products, and expand our polysilicon manufacturing business.
In the fourth quarter of 2012, we incurred additional research and development expenses for our Xinjiang Phase 2 polysilicon facilities
to achieve the targets for product quality, capacity and cost during the pilot production period, which are not expected to recur.
Our research and development expenses in 2013 and 2014 primarily resulted from continuous technology improvement projects for polysilicon
and wafer production.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Other operating income</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our other operating income reflects unrestricted
government subsidies that we receive from time to time, including financial incentives from Chongqing and Xinjiang local government,
which are unrestricted as to use and can be utilized by us in any manner we deem appropriate. We have utilized, and expect to continue
to utilize, these subsidies to fund general operating expenses. We record unrestricted government subsidies as other operating
income when we receive them. The amount and timing of subsidies cannot be predicted with certainty.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Fixed asset impairment loss</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We recognized $42.8 million impairment loss
for the long-lived assets of our wafer facilities in 2012 and $158.4 million for the long-lived assets of our polysilicon facilities
in 2013. The impairment loss of long-lived assets of our wafer and polysilicon facilities recognized in 2012 and 2013 reflected
the impact of year-on-year market challenges and in particular reductions in average selling prices of our products in those years
as described above, without similar reductions in costs of production, that have had an adverse effect on the profit-generating
ability of these assets. No impairment loss of long-lived assets was recognized in 2014.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Interest income and expense</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our interest income represents interest on
our cash balances. Our interest expenses relate primarily to our short-term and long-term borrowings from banks, less capitalized
interest expenses to the extent they relate to our capital expenditures.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Taxation</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0">Cayman Islands tax</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are an exempted company incorporated in
the Cayman Islands and are not subject to tax in this jurisdiction.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0">PRC tax</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our Chinese subsidiaries are foreign invested
enterprises in China. Under the EIT Law which took effect as of January 1, 2008, the Chinese enterprise income tax rate is 25%.
However, qualified enterprises located in central or western China may enjoy preferential tax rate under a series of national policies
adopted to encourage investment in central and western China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under the EIT Law, an enterprise established
outside of China with its &ldquo;de facto management bodies&rdquo; within China may be considered a resident enterprise for Chinese
tax purposes and be subject to the enterprise income tax at the rate of 25% on its global income. The implementation rules of the
EIT Law provide that the term &ldquo;de facto management bodies&rdquo; refers to management bodies which have material management
and control over all aspects of the business, including production, operations, personnel, finance, and assets. It is unclear whether
Chinese tax authorities would determine that, notwithstanding our status as the Cayman Islands holding company of our operating
business in China, we should be classified as a resident enterprise. Currently, substantially all of our income is already China-source
income subject to Chinese taxes. However, a portion of the net proceeds received from our initial public offering were deposited
into interest bearing bank accounts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Chongqing Daqo, our wholly owned Chinese subsidiary
and a foreign-invested enterprise established in the central and western region in China, is entitled to a preferential income
tax rate of 15% from the date of its establishment to December 31, 2010. Chongqing Daqo is qualified as a &ldquo;Chongqing Municipality
High and New Technology Enterprise,&rdquo; which entitles it to a preferential income tax rate of 15%. Chongqing Daqo received
its first qualification in November 2009 for a three-year period. The status was renewed in November 2012 for an additional three
years until November 2015 and the status can be renewed for additional three-year terms upon Chongqing Daqo&rsquo;s application
and the government&rsquo;s approval. In November 2014, Xinjiang Daqo, another wholly owned Chinese subsidiary, obtained &ldquo;High
and New Technology Enterprise&rdquo; certificate for a valid period of three years till 2016, which entitles it to enjoy the preferential
income tax rate of 15%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Daqo New Material, formerly our consolidated
variable interest entity and a domestic Chinese enterprise, was, during 2013, subject to an income tax rate of 25%. Starting from
December 31, 2013, Daqo New Material was de-consolidated from the balance sheet as of December 31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under the EIT Law and implementation regulations
issued by the State Council of China, dividends, interests, rent, royalties and gains on transfers of property payable by a foreign-invested
enterprise in China to its foreign investor who is a non-resident enterprise will be subject to a 10% withholding tax, unless such
non-resident enterprise&rsquo;s jurisdiction of incorporation has a tax treaty with China that provides for a reduced rate of withholding
tax and such non-resident enterprise is the beneficial owner of the dividends, interests, rent, royalties and gains on transfers
of property. The Cayman Islands, where Daqo Cayman is incorporated, does not have such a tax treaty with China. However, we intend
to reinvest all of Chongqing Daqo&rsquo;s undistributed earnings into our capacity expansion and/or technology improvement and
do not plan to distribute any of the earnings as dividends in the foreseeable future and, accordingly, we have not set aside provision
for Chinese dividend withholding tax. If we do distribute these earnings in the form of dividends, we will be subject to the withholding
tax at a rate of 10%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Pursuant to the Interim Regulations on Value
Added Tax and their implementation rules, all entities and individuals that are engaged in the sale of goods, the provision of
repairs and replacement services or the importation of goods in China are generally required to pay value-added tax, or VAT, at
a rate of 17% of the gross sales proceeds received, less any deductible VAT already paid or borne by the taxpayer. When exporting
certain goods, excluding polysilicon currently, the exporter is entitled to VAT refund, which amount will be a portion of or all
of the VAT that it has already paid or borne. For our sales of polysilicon products, we are subject to the 17% VAT without any
VAT refunds for such sales.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Critical Accounting Policies</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We prepare our consolidated financial statements
in accordance with U.S. GAAP, which requires us to make judgments, estimates and assumptions that affect (1) the reported amounts
of assets and liabilities, (2) disclosure of contingent assets and liabilities at the end of each reporting period, and (3) the
reported amounts of revenues and expenses during each reporting period. We continually evaluate these estimates and assumptions
based on historical experience, knowledge and assessment of current business and other conditions, and expectations regarding the
future based on available information and reasonable assumptions, which together form a basis for making judgments about matters
not readily apparent from other sources. Since the use of estimates is an integral component of the financial reporting process,
actual results could differ from those estimates. Some of our accounting policies require higher degrees of judgment than others
in their application. When reviewing our financial statements, you should consider (1) our selection of critical accounting policies,
(2) the judgment and other uncertainties affecting the application of such policies, and (3) the sensitivity of reported results
to changes in conditions and assumptions. We consider the policies discussed below to be critical to an understanding of our financial
statements as their application places the most significant demands on the judgment of our management.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Property, plant and equipment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We reassess the reasonableness of the estimates
of useful lives and residual values of long-lived assets when events or changes in circumstances indicate that the useful lives
and residual values of a major asset or a major category of assets may not be reasonable. Factors that we consider in deciding
when to perform an analysis of useful lives and residual values of long-lived assets include, but are not limited to, significant
variance of a business or product line in relation to expectations, significant deviation from industry or economic trends, and
significant changes or planned changes in the use of the assets. The analysis will be performed at the asset or asset category
with reference to the assets&rsquo; conditions, current technologies, market, and future plan of usage and the useful lives of
major competitors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013, we made the decision to relocate a
majority of our polysilicon assets in Chongqing to Xinjiang. As part of the decision to make significant investment to relocate
the assets, we revisited the expectation as to the useful lives of these assets. Based on this review, we determined that the condition
of our major assets, having now been in operation for a meaningful percentage of the original estimated lives, were in a better
condition than the original useful life expectation had predicted. Accordingly, we engaged an independent valuation firm to assist
in reassessing the remaining economic useful life of the polysilicon assets in both Chongqing and Xinjiang. The analysis was completed
in the first quarter of 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Therefore, we revised the estimates of expected
useful lives of long-lived assets from January 1, 2014. The useful lives of machinery and equipment were expanded from 10 years
to 15 years, while the useful lives of buildings and structures were expanded from 20 years to 30 years. No changes were made to
furniture, fixtures and equipment, or motor vehicles.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Revenue recognition</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We generate revenues primarily from the sale
of polysilicon and wafer and recognize revenues when all of the following conditions are met: persuasive evidence of an arrangement
exists, the sales price is fixed and determinable, delivery of the products has occurred, title and risk of loss have transferred
to customers and collectability of receivable is reasonably assured. Our polysilicon sales agreements with our customers typically
do not contain product warranties except for return and replacement of defective products within a period ranging from 3 to 30
days from delivery. In addition, our agreements do not contain post-shipment obligations or any other return or credit provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">A majority of our sales contracts provide that
title and risk of loss related to the products are transferred to our customers upon receipt. We may extend credit terms to our
customers after assessing a number of factors to determine their credit worthiness.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Allowance for doubtful accounts</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We conduct credit reviews for customers to
whom we extend credit terms. We estimate the amount of accounts receivable that may not be collected based on the aging of our
accounts receivable and specific evidence relating to the financial condition of our customers that may affect their ability to
pay their balances.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Impairment of long-lived assets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We evaluate our long-lived assets and finite-lived
intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group
may not be recoverable. Factors that we consider in deciding when to perform an impairment review include, but are not limited
to significant under-performance of a business or product line in relation to expectations, significant negative industry or economic
trends, and significant changes or planned changes in the use of the assets. An impairment analysis is performed at the lowest
level of identifiable independent cash flows for an asset or asset group. We make subjective judgments in determining the independent
cash flows that can be related to a specific asset group based on the asset usage model and manufacturing capabilities. We measure
the recoverability of assets that will continue to be used in the operations by comparing the carrying value of the asset group
to the estimate of the related total future undiscounted cash flows. If an asset group&rsquo;s carrying value is not recoverable
through the related undiscounted cash flows, the impairment loss is measured by comparing the difference between the asset group&rsquo;s
carrying value and its fair value. We determine the fair value of an asset or asset group utilizing estimated future discounted
cash flows and incorporate assumptions that it believes marketplace participants would utilize. The impairment charges for the
years ended December 31, 2012 and 2013 were $42.8 million, $158.4 million, respectively, and we did not recognize any impairment
charges for the year ended December 31, 2014. The impairment loss incurred in fiscal year 2012 was related to the impairment of
long-lived assets of the wafer business, and was triggered primarily by the significant decrease in average selling prices for
wafers that was experienced in 2012. In 2013, the impairment loss was related to the impairment of long-lived assets of the polysilicon
facilities in Chongqing. As a result of certain difficulties in obtaining the planned reductions in cost at the Phase 1 polysilicon
facilities, combined with the plan to expand capacity at our Xinjiang plant, we concluded that the best course of action was to
(i) cease production at the Phase 1 polysilicon facilities, after which we incurred an impairment charge of $158.4 million in the
second quarter of 2013 and (ii) relocate machinery and equipment from the Phase 1 polysilicon facilities to Xinjiang. In 2013,
we evaluated under ASC 360-10-35-21 whether there were events or changes in circumstances which indicated that the carrying amount
of our wafer asset group may not be recoverable. We concluded that there existed the triggering event due to the continuing decrease
of average selling prices in 2013, and performed the recoverability test, with the estimate of future cash flows by using certain
significant assumptions such as the estimated future selling prices of wafer, production costs, and projected sales volumes. We
estimated such significant assumptions with reference to the historical records, industry analysis reports, current indications
of customer demand and the management&rsquo;s experience. As a result, we concluded the estimated sum of the undiscounted cash
flows expected to result from the use and eventual disposition of the wafer asset group substantially exceeded the carrying amount,
and no impairment was noted as of December 31, 2013. In August 2014, our board of directors approved the launch of an early stage
research of the Phase 3 expansion in our Xinjiang polysilicon facilities. After a comprehensive analysis of the capacity and comparability
of the Chongqing machinery and equipment, we concluded that it would be more efficient to use part of the machinery and equipment
in Phase 3, rather than using all of them in Phase 2 project. The change to the relocation plan indicated that the carrying amount
of our polysilicon asset group may not be recoverable. We performed the technology feasibility and economic viability research,
and the recoverability test, with the estimate of future cash flows by using certain significant assumptions, such as the estimated
future selling prices of polysilicon, production costs and projected sales volumes. We estimated such significant assumptions with
reference to the historical records, industry analysis reports, current indications of customer demand and management&rsquo;s experience.
As a result, we concluded that the estimated sum of the undiscounted cash flows expected to be generated from the use and eventual
disposition of the polysilicon group were in substantial excess of the carrying amount, and no impairment was noted as of December
31, 2014. Regarding the wafer asset group, there was no impairment indicator noted as of December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Share-based compensation expenses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On October 31, 2009, we granted options to
purchase a total of 5,350,000 ordinary shares to our officers, directors, employees and consultants pursuant to our 2009 share
incentive plan. The original exercise price of all of the options was $1.38 per share, which was re-priced to $0.25 per share on
April 3, 2013 with the approval of our board of directors. Twenty-five percent of the ordinary shares subject to the options will
vest one year following the grant date, and the remaining seventy-five percent of the ordinary shares subject to the option will
vest in 36 equal monthly installments over the next three years. We did not grant any options or other equity incentives to any
officer, director, employee or consultant before October 2009.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On October 6, 2010, we granted options to acquire
120,000 ordinary shares to independent directors pursuant to the 2009 Plan. Thirty percent (30%) of the ordinary shares subject
to the 2009 Plan will vest one year following the grant date, thirty percent (30%) of the ordinary shares subject to the 2009 Plan
will vest on the second year anniversary of the grant date, and the remaining forty percent (40%) of the ordinary shares subject
to the 2009 Plan will vest on the third year anniversary of the grant date. These options were granted in anticipation of services
to be provided during the respective service periods. The original exercise price of these options was $1.90 per share which was
re-priced to $0.25 per share on April 3, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On December 3, 2010, we granted options to
acquire 2,190,000 ordinary shares to certain officers, directors and employees pursuant to the 2009 Plan. The ordinary shares subject
to the 2009 Plan will vest in four equal annual installments, with the first installment vesting one year following the grant date.
These options were granted in anticipation of services to be provided during the respective service periods. The original exercise
price of these options was $2.35 per share which was re-priced to $0.25 per share on April 3, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On January 9, 2012, we granted options to acquire
1,190,000 ordinary shares to certain independent directors, officers and employees pursuant to the 2009 Plan. For the independent
directors, thirty percent (30%) of the ordinary shares subject to the 2009 Plan will vest one year following the grant date, thirty
percent (30%) of the ordinary shares subject to the 2009 Plan will vest on the second year anniversary of the grant date, and the
remaining forty percent (40%) of the ordinary shares subject to the 2009 Plan will vest on the third year anniversary of the grant
date. For the officers and employees, twenty-five percent (25%) of the ordinary shares subject to the options will vest one year
following the grant date, and the remaining seventy-five percent (75%) of the ordinary shares subject to the option will vest in
36 equal monthly installments over the next three years. These options were granted in anticipation of services to be provided
during the respective service periods. The original exercise price was $0.42 per share, which was re-priced to $0.25 per share
on April 3, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On April 3, 2013, we granted options to acquire
140,000 ordinary shares to a certain independent director pursuant to the 2009 Plan. The exercise price is $0.25 per share. Thirty
percent (30%) of the ordinary shares subject to the 2009 Plan vested as of December 24, 2013, another thirty percent (30%) will
vest as of 24 December 2014, and the remaining forty percent (40%) will vest as of December 24, 2015. These options were granted
in anticipation of services to be provided during the respective service periods. The exercise price is $0.25 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On January 28, 2014, we granted options to
acquire 6,274,166 ordinary shares to certain officers, directors and employees pursuant to the 2009 Plan. For the independent directors,
twenty-five percent (25%) of the ordinary shares subject to the 2009 Plan will vest 6 months following the grant date, twenty-five
percent (25%) of the ordinary shares subject to the 2009 Plan will vest one year following the grant date, and the remaining fifty
percent (50%) of the ordinary shares subject to the 2009 Plan will vest in 24 equal monthly installments over the next two years.
For the officers and employees, twenty-five percent (25%) of the ordinary shares subject to the options will vest 6 months following
the grant date, twenty-five percent (25%) of the ordinary shares subject to the 2009 Plan will vest one year following the grant
date, and the remaining fifty percent (50%) of the ordinary shares subject to the 2009 Plan will vest in 36 equal monthly installments
over the next three years. These options were granted in anticipation of services to be provided during the respective service
periods. The exercise price of these options was set at $1.49 per share at the time of grant and was revised to $0.87 per share
on January 12, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On January 12, 2015, we granted options to
acquire 7,134,375 ordinary shares to certain officers, directors and employees pursuant to the 2014 Plan. For the independent directors,
twenty-five percent (25%) of the ordinary shares subject to the 2014 Plan will vest 6 months following the grant date, twenty-five
percent (25%) of the ordinary shares subject to the 2014 Plan will vest one year following the grant date, and the remaining fifty
percent (50%) of the ordinary shares subject to the 2014 Plan will vest in 24 equal monthly installments over the next two years.
For the officers and employees, twenty-five percent (25%) of the ordinary shares subject to the options will vest 6 months following
the grant date, twenty five percent (25%) of the ordinary shares subject to the 2014 Plan will vest one year following the grant
date, and the remaining fifty percent (50%) of the ordinary shares subject to the 2014 Plan will vest in 36 equal monthly installments
over the next three years. These options were granted in anticipation of services to be provided during the respective service
periods. The exercise price of these options is $0.87 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of the end of 2014, a total of 1,549,163
options have been forfeited due to grantees&rsquo; departure from our company and a total of 639,187 options have expired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We recognize share-based compensation in the
statement of operations based on the fair value of equity awards on the date of the grant, with compensation expense recognized
over the period in which the grantee is required to provide service to us in exchange for the equity award. We have made an estimate
of expected forfeiture and is recognizing compensation costs only for those equity awards to vest. The share-based compensation
expenses have been classified as either selling, general and administrative expenses or research and development expenses, depending
on the job functions of the grantees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">With respect to options granted on October
6, 2010, December 3, 2010, January 9, 2012, April 3, 2013, January 28, 2014 and January 12, 2015, we estimated the fair value of
share options granted using the binomial option pricing model with the assistance of the independent appraiser, which requires
the input of highly subjective assumptions, including the expected life of the share options, estimated forfeitures and the price
volatility of the underlying shares. The assumptions used in calculating the fair value of share options represent management&rsquo;s
best estimates. As a result, if factors change and we use different assumptions, our share-based compensation expense could be
materially different in the future. In addition, we estimate our expected forfeiture rate and recognize the expense only for those
shares expected to vest. These estimates are based on past employee-retention rates. We will prospectively revise our estimated
forfeiture rates based on actual history. Our compensation expense may change based on changes to our actual forfeitures of these
share options.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Results of Operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following table sets forth a summary of
our consolidated statements of operations for the periods. Our historical results presented below are not necessarily indicative
of the results that may be expected for any future period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Revenues</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; padding-left: 9pt">Polysilicon</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">73,450,807</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">76,721,105</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">127,692,325</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 9pt">Wafers</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,407,594</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">32,278,700</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">54,879,527</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86,858,401</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108,999,805</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">182,571,852</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Cost of revenues</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(124,290,384</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(135,103,408</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(139,308,511</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Gross (loss) profit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(37,431,983</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,103,603</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43,263,341</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Operating expenses/income:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 9pt">Selling, general and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,930,198</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(18,132,515</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,293,851</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 9pt">Research and development expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,130,533</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,391,012</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,486,978</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 9pt">Other operating income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,729,301</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,420,777</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">552,444</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Long-lived asset impairment</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(42,754,481</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(158,424,827</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total operating expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(51,085,911</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(174,527,577</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(11,228,385</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">(Loss) income from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(88,517,894</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(200,631,180</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,034,956</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 9pt">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15,408,023</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,349,190</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15,654,106</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 9pt">Exchange (loss) gain</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(55,800</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,875</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(55,792</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Interest income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">990,117</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">149,752</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">324,118</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">(Loss) income before income taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(102,991,600</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(219,818,743</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,649,176</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income tax expense</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,253,587</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,271,765</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net (loss) income from continuing operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(113,245,187</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(221,090,508</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,649,176</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total loss from discontinued operation</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,392,228</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net (loss) income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(115,637,415</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(221,090,508</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,649,176</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net loss attributable to noncontrolling interest</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,708,474</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(150,147,024</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net (loss) income attributable to Daqo New Energy Corp.&rsquo;s shareholders</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(111,928,941</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(70,943,484</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,649,176</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Year Ended December 31, 2014 Compared
to Year Ended December 31, 2013 for Continuing Operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Total revenues</I></B>. Our total revenues
increased by 67.5% from $109.0 million in 2013 to $182.6 million in 2014. The increase in total revenues was primarily attributable
to higher sales volumes, as well as higher average selling prices in both polysilicon and wafers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Revenue from Polysilicon</I></B>. The
revenue derived from polysilicon increased from $76.7 million in 2013 to $127.7 million in 2014. The improvement of revenue of
$51.0 million was primarily contributed by the impact of higher sales volumes and higher selling prices of $29.2 million and $20.8
million,<SUP>(1)</SUP> respectively. The polysilicon sold in 2013 and 2014 was mostly contributed by our Xinjiang facilities. We
ramped up the production capacity of 5,000 MT at Phase 2a facilities in Xinjiang in March 2013 and further increased our production
capacity to 6,150 MT in the first quarter of 2014. As a result of the upgrade of the manufacturing process and improvement in our
production efficiency at our Xinjiang facilities, our actual polysilicon production reached 1,748 MT during the third quarter of
2014, exceeding our 6,150 MT nameplate capacity by 9.0%. Accordingly, our production volume increased by 36.5% in 2014, as compared
to 2013. Our average selling price for polysilicon in 2014 was higher than 2013, increased by 34.4%.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Note:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><SUP>(1)</SUP></TD><TD>The impact on revenue from polysilicon attributable to the higher sales volume is calculated based on the assumption that
                                                                      the average selling price remains the same as last year.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Revenue from Wafers</I></B>. The revenue
derived from the sales of wafers increased from $32.3 million in 2013 to $54.9 million in 2014, primarily due to higher sales volume
as a result of the capacity fully ramped up from 36 million pieces to 72 million pieces in November 2013. Our wafer utilization
rate also improved significantly in 2014 compared to 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Total Cost of revenues</I></B>. Our cost
of revenues increased by 3.1% from $135.1 million in 2013 to $139.3 million in 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Cost of revenue from Polysilicon</I></B>.
The cost of our polysilicon revenue was $91.4 million in 2014. Although our polysilicon production volume increased by 36.5% in
2014 compared to 2013, our cost of polysilicon just increased by 7.0% compared to $85.5 million in 2013 due to our cost reduction
effort in our Xinjiang facilities, as well as to the decrease in depreciation expenses of $23.9 million attributable to the revision
to the expected useful lives of fixed assets in the amount of $18.7 million and the deconsolidation of our former variable interest
entity in the amount of $5.2 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Cost of revenue from Wafers</I></B>.
The cost of our wafers revenue decreased by 3.5% from $49.6 million in 2013 to $47.9 million in 2014. The decrease was primarily
due to lower unit production cost partially offsetting by higher production volume in 2014. In November 2013, we fully ramped up
our wafer facilities to a capacity of 72 million pieces per annum. Our wafer production volume increased by 2 times in 2014 compared
to 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Gross (loss) profit</I></B>. We had a
gross profit of $43.3 million in 2014, compared to loss of $26.1 million in 2013. Our gross margin was 23.7% in 2014, compared
to negative 23.9% in 2013. The improvement in gross profit and gross margin from 2013 was primarily due to improved cost structures
in polysilicon, as well as higher average selling prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Gross (loss) profit from Polysilicon</I></B>.
Our polysilicon business had a gross profit of $36.2 million in 2014, compared to loss of $8.8 million in 2013. Our polysilicon
business&rsquo;s gross margin was 28.4% in 2014, compared to negative 11.5% in 2013. The improvement in gross profit and gross
margin from 2013 was primarily due to improved cost structures, as well as higher average selling prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Gross (loss) profit from Wafers</I></B>.
Our wafer business had a gross profit of $7.0 million in 2014, compared to loss of $17.3 million in 2013. Our wafer business&rsquo;s
gross margin was 12.7% in 2014, compared to negative 53.7% in 2013. The improvement in gross profit and gross margin from 2013
was primarily due to improved cost structures, as well as higher average selling prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Selling, general and administrative expenses</I></B>.
Our selling, general and administrative expenses were $10.3 million in 2014, compared to $18.1 million in 2013. The decrease in
selling, general and administrative expenses was primarily due to reversal of provisions for bad debts in 2014 with the settlement
of long aging receivables.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Research and development expenses</I></B>.
Our research and development expenses decreased from $3.4 million in 2013 to $1.5 million in 2014, and decreased as a percentage
of total revenues from 3.1% in 2013 to 0.8% in 2014. The research and development expenses in 2014 and 2013 primarily resulted
from continuous technology improvement projects for polysilicon and wafer production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Fixed asset impairment loss</I></B>.
We recognized a $158.4 million impairment loss for the long-lived assets of its Chongqing polysilicon facilities in the second
quarter of 2013. The impairment loss of long-lived assets of our polysilicon facilities was made to reflect the adverse effects
market challenges had on the profit-generating ability of the assets. No such loss was recognized in 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Other operating income</I></B>. Other
operating income decreased from $5.4 million in 2013 to $0.6 million in 2014, which mainly consisted of unrestricted cash incentives
that we received from local government authorities, which fluctuates from period to period at the discretion of the government.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Interest expense and income</I></B>.
Our net interest expenses decreased from $19.2 million in 2013 to $15.4 million in 2014. The decrease from 2013 was primarily due
to a decrease in bank borrowing balance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Income tax expense</I></B>. We did not
have any income tax expense in 2014, compared to income tax expenses of $1.3 million in 2013. The income tax expense in 2013 was
mainly due to the change in valuation allowance of deferred tax assets from prior years. In consideration of the uncertainties
in the solar market, we determined that it was more likely than not that our deferred tax assets would not be utilized before they
expire, and full valuation allowance was accrued as of December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Net (loss) income attributable to our
shareholders</I></B>. As a result of the factors described above, we had net profit attributable to our shareholders of $16.7 million
in 2014, compared to net loss attributable to our shareholders of $70.9 million for 2013.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Year Ended December 31, 2013 Compared
to Year Ended December 31, 2012 for Continuing Operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Total revenues</I></B>. Our total revenues
increased by 25.5% from $86.9 million in 2012 to $109.0 million in 2013. The increase in total revenues was primarily attributable
to higher sales volumes in both polysilicon and wafers, partially offset by lower average selling prices primarily at the beginning
of the year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Revenue from Polysilicon</I></B>. The
revenue derived from polysilicon increased from $73.5 million in 2012 to $76.7 million in 2013. The improvement was primarily due
to higher sales volumes that were partially offset by lower selling prices. In 2012, the polysilicon sold was mostly contributed
by the Phase 1 polysilicon facilities, which halted production from September 2012 for maintenance and technology improvement projects.
In September 2012, we started pilot production in our Xinjiang polysilicon facilities and fully ramped up capacity in March 2013.
The polysilicon sold in 2013 was mostly contributed by our Xinjiang facilities. Although the average selling price for our polysilicon
in 2013 was still lower than 2012, the average selling price of our polysilicon increased in the second half of the year relative
to the first half, and achieved an overall increase of 17.1% from January 2013 to December 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Revenue from Wafers</I></B>. The revenues
derived from the sales of wafers increased from $13.4 million in 2012 to $32.3 million in 2013, primarily due to higher sales volume
partially offset by lower selling prices. Our wafer utilization rate also improved significantly in 2013 compared to 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Total Cost of revenues</I></B>. Our cost
of revenues increased by 8.7% from $124.3 million in 2012 to $135.1 million in 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Cost of revenue from Polysilicon</I></B>.
The cost of our polysilicon revenue was $85.5 million in 2013. Although our polysilicon production volume increased by 43.5% in
2013 compared to 2012, our cost of polysilicon decreased by 17.9% compared to $104.2 million in 2012 due to our cost reduction
effort in our Xinjiang facilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Cost of revenue from Wafers</I></B>.
The cost of our wafers revenue increased by 146.8% from $20.1 million in 2012 to $49.6 million in 2013. The increase was primarily
due to much higher production volume in 2013 combined with lower unit production cost. In November 2013, we fully ramped up our
wafer facilities to a capacity of 72 million pieces per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Gross loss</I></B>. We had a gross loss
of $26.1 million in 2013, compared to $37.4 million in 2012. Our gross margin was negative 23.9% in 2013, compared to negative
43.1% in 2012. The improvement in gross loss and gross margin from 2012 was primarily due to improved cost structures in polysilicon,
partially offset by lower average selling prices. In 2013, our gross margin improved quarter by quarter. The gross margin was negative
89.0%, negative 36.7%, negative 13.3% and positive 2.6% in the first, second, third and fourth quarters of 2013, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Gross loss from Polysilicon</I></B>.
Our polysilicon business had a gross loss of $8.8 million in 2013, compared to $30.7 million in 2012. Our polysilicon business&rsquo;s
gross margin was negative 11.5% in 2013, compared to negative 41.8% in 2012. The improvement in gross loss and gross margin from
2012 was primarily due to improved cost structures, partially offset by lower average selling prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Gross loss from Wafers</I></B>. Our wafer
business had a gross loss of $17.3 million in 2013, compared to $6.7 million in 2012. Our wafer business&rsquo;s gross margin was
negative 53.6% in 2013, compared to negative 50.0% in 2012. Although we reduced production costs in 2013 compare do 2012, our reduced
costs were not sufficient to reverse the impact of the year-on-year decrease of average selling price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Selling, general and administrative expenses</I></B>.
Our selling, general and administrative expenses were $18.1 million in 2013, compared to $12.9 million in 2012. The increase in
selling, general and administrative expenses was primarily due to increased provisions for bad debts. In 2013, we only shipped
polysilicon after we received payment from our customers. Therefore there was no additional bad debt related to polysilicon sales
in 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Research and development expenses</I></B>.
Our research and development expenses decreased from $4.1 million in 2012 to $3.4 million in 2013, and decreased as a percentage
of total revenues from 4.7% in 2012 to 3.1% in 2013. In 2012, we incurred additional research and development expenses for our
Xinjiang Phase 2a polysilicon facilities to achieve our targets for quality, capacity and cost during the pilot production period,
which are not expected to recur. The research and development expenses in 2013 primarily resulted from continuous technology improvement
projects for polysilicon and wafer production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Fixed asset impairment loss</I></B>.
The Company recognized a $158.4 million impairment loss for the long-lived assets of its Chongqing polysilicon facilities in the
second quarter of 2013. The impairment loss of long-lived assets of our polysilicon facilities was made to reflect the adverse
effects market challenges had on the profit-generating ability of the assets. The Company recognized a $42.8 million impairment
loss for the long-lived assets of its wafer facilities in the fourth quarter of 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Other operating income</I></B>. Other
operating income decreased from $8.7 million in 2012 to $5.4 million in 2013, which mainly consisted of unrestricted cash incentives
that we received from local government authorities, which fluctuates from period to period at the discretion of the government.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Interest expense and income</I></B>.
Our net interest expenses increased from $14.4 million in 2012 to $19.2 million in 2013. The increase from 2012 was primarily due
to a decrease in capitalized interest expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Income tax expense</I></B>. Our income
tax expenses were $1.3 million in 2013, compared to $10.3 million for 2012. In consideration of the uncertainty in the solar market,
we determined it was more likely than not that our deferred tax assets would not be utilized before they expire.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Net income (loss) attributable to our
shareholders</I></B>. As a result of the factors described above, we had net loss attributable to our shareholders of $70.9 million,
compared to net loss attributable to our shareholders of $111.9 million for 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Recent Accounting Pronouncements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On August 27, 2014, the FASB issued ASU 2014-15,
which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial
statements. The new standard requires management to perform interim and annual assessments of an entity&rsquo;s ability to continue
as a going concern within one year of the date of issuance of the entity&rsquo;s financial statements (or within one year after
the date on which the financial statements are available to be issued, when applicable). Further, an entity must provide certain
disclosures if there is &ldquo;substantial doubt about the entity&rsquo;s ability to continue as a going concern.&rdquo; The ASU
is effective for annual periods ending after December 15, 2016, and interim periods thereafter. Early adoption is permitted. We
are in the process of evaluating the impact on its consolidated financial statements upon adoption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In May 2014, the FASB issued a new pronouncement
which affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters
into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance
contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition,
and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition&mdash;Construction-Type
and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of
nonfinancial assets that are not in a contract with a customer (e.g. assets within the scope of Topic 360, Property, Plant, and
Equipment, and intangible assets within the scope of Topic 350, Intangibles&mdash;Goodwill and Other) are amended to be consistent
with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The core principle of the guidance is that
an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects
the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle,
an entity should apply the following steps:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: windowtext">&middot;</FONT></TD><TD>Step 1: Identify <FONT STYLE="color: windowtext">the contract(s) with a customer.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Step 2: Identify the performance obligations in the contract.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Step 3: Determine the transaction price.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Step 4: Allocate the transaction price to the performance obligations in the contract.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="color: windowtext">Step 5: Recognize reven</FONT>ue when (or as) the entity satisfies a performance obligation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">For a public entity, the amendments in this
ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting
period. Early application is not permitted. An entity should apply the amendments in this ASU using one of the following two methods:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: windowtext">&middot;</FONT></TD><TD>For completed contracts, an entity need not restate contracts that begin and end within the same annual reporti<FONT STYLE="color: windowtext">ng
period.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract
was completed rather than estimating variable consideration amounts in the comparative reporting periods.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="color: windowtext">For all reporting </FONT>periods presented before the date of initial application, an entity
need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when
the entity expects to recognize that amount as revenue.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If
an entity elects this transition method it also should provide the additional disclosures in reporting periods that include the
date of initial application of:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the amount by which each financial statement line item is affected in the current reporting period by the application of this
ASU as compared to the guidance that was in effect before the change.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are in the process of evaluating the impact
on its consolidated financial statements upon adoption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Inflation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In recent years, inflation in China has not
materially impacted our results of operations. According to the National Bureau of Statistics of China, the year-over-year percent
changes in the consumer price index for December 2012, 2013 and 2014 were increases of 2.5%, 2.5% and 1.5%, respectively. Although
we have not been materially affected by inflation in the past, we may be affected if China experiences higher rates of inflation
in the future.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Liquidity and Capital Resources</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Liquidity</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our liquidity situation improved in 2014 as
compared to 2013 and 2012. Net cash used in investing activities was $102.9 million, $30.7 million and $90.6 million in 2012, 2013
and 2014, respectively. In addition, we received interest free loans of $10.8 million from Daqo Group in 2014 and net proceeds
of $54.6 million from a follow-on public offering of our ADSs in May 2014. Net cash provided by financing activities was $27.1&nbsp;million,
$48.8 million and $44.3 million in 2012, 2013 and 2014, respectively. Overall, our cash and cash equivalents balance decreased
by $86.0 million and increased by $1.2 million in 2012 and 2013, respectively, and decreased by $0.8 million in 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of December 31, 2014, we believe that our
cash, cash equivalents, cash flows from operating activities, financial support from Daqo Group and its affiliates, and continued
support from financial institutions located in the PRC in the form of renewed and additional operating loans will be sufficient
to meet our working capital, capital expenditure and repayment of bank borrowings needs that will arise in 2015 and beyond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following significant developments in 2014
have impacted our liquidity or are expected to impact our liquidity:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>In 2011 and 2012, the solar industry was negatively impacted, and the average selling prices for our products significantly
declined in those years. However, in the fourth quarter of 2012, the sales prices for polysilicon and wafer both started to increase
from historical lows due to improved demand and reduced inventory levels. The average selling price for our polysilicon increased
by 17.1% from January 2013 to December 2013. This upward trend in our polysilicon selling price continued through the first half
of 2014, during which period the average selling prices of polysilicon increased by 12.4%. The average selling prices of polysilicon
decreased by 10.8% during the second half of 2014.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: windowtext">&middot;</FONT></TD><TD><FONT STYLE="color: windowtext">For the year ended December 31, 2014, we generated an operating income of $</FONT>16.7<FONT STYLE="color: windowtext">
million. We believe that we will continue to generate positive operating income in 2015.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>During the year ended December 31, 2014, we experienced positive cash flow from operations of $45.6 million. We believe we
will continue to generate positive operating cash flow in 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>As of December 31, 2014, our current liabilities exceeded our current assets by $274.1 million. Amounts due to related parties
of $89.7 million are included as current liabilities. As part of the financial support Daqo Group and its affiliates provides to
us, Daqo Group has indicated that they will not require us to repay our debt to them before January 1, 2016. While we had cash
and cash equivalents of $7.1 million as of December 31, 2014, we had short-term bank borrowings of $90.4 million all due within
one year. The current portion of our long-term debt amounted to $69.4 million, such long-term debt being restricted to purchases
of fixed assets and not expected to be renewed.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>We are in the process of completing our Phase 2b project, which is expected to expand our nameplate capacity from 6,150 MT
to 12,150 MT per annum. In addition to the equipment which is being relocated from the Phase 1 polysilicon facilities to Xinjiang
facilities, the total expected capital expenditure for our Phase 2b project is around $151.9 million. Of the expected capital expenditure,
approximately $81.1 million had already been spent as of December 31, 2014. Prior to the end of 2014, we had incurred $1.3 million
in connection with relocation costs. We expect that completion of this project will be subject to obtaining additional funding.
Our expected expenditures are estimates; actual expenditures or components of expenditures may differ from our expected expenditure
based on conditions that arise or that we become aware of in the future.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>In May 2014, we issued and sold 2,000,000 ADSs through a follow-on public offering priced at US$29.00 per ADS. We received
the net proceeds from the offering after deducting offering expenses of $54.6 million. We have used and will continue to use the
net proceeds mainly for the expansion of and technology improvement at our Xinjiang polysilicon facilities. As of December 31,
2014, we had spent approximately $81.1 million on the expansion of and technology improvement project at our Xinjiang polysilicon
facilities, among which $54.6 million was from the proceeds of the May 2014 follow-on offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As noted above, we believe cash flow from operating
activities, combined with the financial support from Daqo Group and its affiliates, our existing cash and cash equivalents, operating
loans, facilities currently available, and those expected to be renewed will be sufficient to satisfy our obligations when they
come due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following plans and actions are being taken
to effectively manage our liquidity:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Daqo Group provides us with a certain level of financial support and has indicated that it will not require us to pay debts
owed to the Daqo Group and subsidiaries of Daqo Group, Daqo Solar and Xinjiang Daqo Investment before January 1, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>We generated positive operating cash flow in 2014. The improvement was primarily due to the recovery of sales prices and our
cost reduction efforts. We have taken or are in the process of taking a number of cost reduction initiatives. For example, we are
in the process of conducting Phase 2b project in Xinjiang to increase our annual capacity from 6,150 MT to 12,150 MT. We expect
to fully ramp up capacity by the end of the second quarter of 2015. At that time, our total production cost for polysilicon is
expected to be reduced to the level of $12 per kg. We are also considering further capacity expansion at our Xinjiang facilities
in the medium term, which may be conducted in two stages and is expected to expand our total polysilicon production capacity to
25,000 MT by early 2017 and further reduce our production cost for polysilicon. According to our cost reduction roadmap and based
on the premise that the sales prices will remain stable through 2015, management believes our liquidity situation will continue
to improve.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>While there can be no assurance that we will be able to refinance our operating loans as they come due, historically we have
renewed or rolled over some of our operating loans upon the maturity date of the loans and have assumed we will continue to be
able to do so.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Based on the abovementioned factors, our management
believes that adequate sources of liquidity will exist to fund our working capital and capital expenditures requirements, and to
meet our short term debt obligations, other liabilities and commitments as they become due.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Cash Flows and Working Capital</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Polysilicon production requires intensive capital
investment. Due to our relatively short operating history, our financing has been primarily through sales of polysilicon, bank
borrowings, financing from Daqo Group, and advances from customers. Furthermore, a substantial portion of our outstanding indebtedness
is guaranteed by Daqo Group. In the future, we may rely upon Daqo Group to provide additional guarantees for our indebtedness or
direct assistance if our cash on hand and cash flow from our operations are insufficient for our future capital needs. The following
table sets forth a summary of our cash flows for the periods indicated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">US$</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center">(US$ in thousands)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Net cash (used in) provided by operating activities</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(10,307</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(16,526</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">45,619</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net cash used in investing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(102,922</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(30,696</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(90,589</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net cash provided by financing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,144</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48,827</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44,272</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Effect of exchange rate changes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">67</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(453</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(65</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net (decrease) increase in cash and cash equivalents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(86,018</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,152</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(763</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Cash and cash equivalents at the beginning of the year</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,697</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,679</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,831</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Cash and cash equivalents at the end of the year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,679</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,831</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,068</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Supplemental disclosure of cash flow information:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Interest paid</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,555</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,658</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,770</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Income taxes paid</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,053</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Net cash inflow on the disposition</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,656</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Supplemental schedule of non-cash investing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Purchases of property, plant and equipment included in payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,595</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51,767</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">79,990</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our cash and cash equivalents decreased by
$86.0 million in 2012. In 2013, our cash and cash equivalents increased by $1.2 million. In 2014, our cash and cash equivalents
decreased by $0.8 million. In 2014, net cash used in investing activities increased significantly from 2013 and 2012 which was
primarily related to the construction of our Xinjiang Phase 2b polysilicon facilities. In 2014, net cash provided by financing
activities decreased by $4.5 million compared to 2013. The decrease was primarily due to a decrease in financial support we received
from Daqo Group and its affiliates in 2014, partially offset by the follow-on public offering of our ADSs in May 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of December 31, 2014, we had $22.2 million
in restricted cash and $7.1 million in cash and cash equivalents. Restricted cash was primarily comprised of cash that we placed
in our bank accounts as guarantee deposits for the banks&rsquo; issuance of short-term letters of credit and bank notes. Cash and
cash equivalents consisted of cash on hand and demand deposits, which were unrestricted as to withdrawal and use and had maturities
of three months or less.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of December 31, 2014, we had a working capital
deficit (total current assets less total current liabilities) of $274.1 million. We had cash, cash equivalents and restricted cash
of $29.3 million and short-term and long-term liabilities of $159.8 million and $77.3 million, respectively, as of December 31,
2014. In addition, we have a total capital commitment of $34.8 million. Although, as of December 31, 2014, Daqo Group and its subsidiaries
provided financial support of $89.7 million to us in the form of interest-free loans, there is substantial doubt as to our ability
to continue as a going concern. As such, Daqo Group and its affiliates have indicated that they will not require us to repay our
debt to them before January 1, 2016. In addition, as of December 31, 2014, we have unused committed and available bank accepted
notes facilities of $8.5 million (RMB52.5 million) from Industrial and Commercial Bank of China. In summary, our continuation as
a going concern is dependent upon continued financial support from Daqo Group, our ability to continue to obtain other sources
of financing and our operating cash flow in 2015. See &ldquo;Item 3. Key Information &mdash; D. Risk Factors &mdash; Risks Related
to Doing Business in China &mdash; We had a significant working capital deficit as of December 31, 2014.
Daqo Group provides financial support to us to meet certain of our working capital requirements and obligations as they become due.
If we are not able to generate adequate operating cash flow or obtain adequate financial support from Daqo Group or from other
sources, we will face the risk of not being able to continue as a going concern.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Operating Activities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash provided by operating activities for
the year ended December 31, 2014 was $45.6 million, primarily resulting from $141.2 million of cash we received from the sale of
our products, our payments for raw materials and utilities of $60.4 million, taxes paid of $3.1 million, employee salaries and
welfare payments of $17.5 million and interest expense payments of $17.8 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We generated positive operating cash flow in
2014. The improvement was primarily due to the recovery of sales prices and our continuous cost reduction efforts at our Xinjiang
facilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash used in operating activities for the
year ended December 31, 2013 was $16.5 million, primarily resulting from $120.4 million of cash we received from the sale of our
products, our payments for raw materials and utilities of $94.2 million, taxes paid of $2.8 million, employee salaries and welfare
payments of $17.7 million and interest expense payments of $19.7 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash used in operating activities for the
year ended December 31, 2012 was $10.3 million, primarily resulting from $92.1 million of cash we received from the sale of our
products, our payments for raw materials and utilities of $69.2 million, taxes paid of $10.8 million, employee salaries and welfare
payments of $19.5 million and interest expense payments of $15.4 million.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Investing Activities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash used in investing activities for the
year ended December 31, 2014 was $90.6 million, primarily resulting from payments for the purchase of property, plant and equipment
in a total amount of $77.0 million combined with the increase of restricted cash of $13.6 million that we placed in our bank accounts
as guarantee deposits for the banks&rsquo; issuance of short term letters of credit and the notes in support of our purchases of
property, plant and equipment. In 2014, net cash used in investing activities increased significantly from 2012 and 2013, which
was primarily related to capital expenditure of Phase 2b project at our Xinjiang polysilicon facilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash used in investing activities for the
year ended December 31, 2013 was $30.7 million. Net cash used in investing activities for the year ended December 31, 2013 primarily
resulted from payments for the purchase of property, plant and equipment in a total amount of $32.5 million combined with a decrease
of restricted cash of $1.8 million that we placed in our bank accounts as guarantee deposits for the banks&rsquo; issuance of short
term letters of credit and notes in support of our purchases of property, plant and equipment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash used in investing activities for the
year ended December 31, 2012 was $102.9 million. Net cash was primarily the result of payments for the purchase of property, plant
and equipment in a total amount of $105.7 million combined with decrease in restricted cash of $0.08 million that we placed in
our bank accounts as guarantee deposits for the banks&rsquo; issuance of short term letters of credit and notes in support of our
purchases of property, plant and equipment and a $2.7 million net proceeds from the disposal of our module business.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Financing Activities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash provided by financing activities for
the year ended December 31, 2014 was $44.3 million, primarily resulting from cash received from related parties in the amount of
$275.1 million offset by the repayment of amounts due to related parties in the amount of $275.1 million, proceeds received from
the bank borrowings and other borrowings in the amount of $176.1 million offset by the repayment of bank borrowing in the amount
of $186.6 million, and net proceeds from a follow-on publish offering of our ADSs in May 2014 in the amount of $54.6 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash provided by financing activities for
the year ended December 31, 2013 was $48.8 million, primarily resulting from cash received from related parties in the amount of
$87.9 million and proceeds received from the bank borrowings and other borrowings in the amount of $74.6 million offset by the
repayment of bank borrowing in the amount of $113.7 million. In 2014, net cash provided by financing activities decreased by $4.6
million compared to 2013. The decrease was primarily due to the decrease in financial support we received from Daqo Group and its
affiliates in 2014, partially offset by the proceeds from the follow-on public offering of our ADSs in May 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Net cash provided by financing activities for
the year ended December 31, 2012 was $27.1 million, primarily resulting from the proceeds received from the bank borrowings in
the amount of $129.5 million offset by the repayment of bank and other borrowings in the amount of $103.6 million.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Capital Expenditures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We incurred capital expenditures of $105.7
million and $32.5 million for the construction of our polysilicon, wafer and module production facilities and purchase of polysilicon,
wafer and module production equipments in 2012 and 2013, respectively. In 2014, we made capital expenditures of $68.6 million for
the Phase 2b project and technology improvements at our polysilicon facilities in Xinjiang.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are in the process of relocating certain
machinery and equipment from our facilities in Chongqing to our Xinjiang facilities, which has reduced the capital expenditure
requirements for our Phase 2b project. However, we have decided to utilize approximately 40% of our current machinery and equipment
previously planned to be used for Phase 2b, as measured by its book value as of December 31, 2014, as certain machinery and equipment
can be more efficiently and cost-effectively used in our future expansions. As a result, we plan to acquire additional new machinery
and equipment for Phase 2b. Our estimate of the total investment amount for our Phase 2b and future expansions has not changed
and the total cash requirement for Phase 2b is now expected to be approximately $151.9 million, of which approximately $81.1 million
had been spent prior to 2015. The remaining Chongqing machinery and equipment that we do not utilize in our Phase 2b will be used
in the Phase 3 expansion, which is expected to be fully ramp up by early 2017 and may be conducted in two stages.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our capital expenditures will increase in the
future. We expect that total capital expenditures related to the Phase 2b and Phase 3 capacity expansion projects in our Xinjiang
polysilicon facilities will be approximately $451.9 million. We expect that completion of our expansion projects will be subject
to obtaining additional funding. We intend to use cash generated from operating activities and take other actions to obtain alternative
sources of financing, such as obtaining loan facilities from financial institutions, obtaining financial support from Daqo Group
and its affiliates or entering into capital arrangements to meet our capital expenditure requirements. For additional information,
see also &ldquo;&mdash; Liquidity and Capital Resources&rdquo; and &ldquo;Item 4. Information on the Company &mdash; B. Business
Overview &mdash; Manufacturing Capacity&rdquo; in this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">C. Research and Development,
Patents and Licenses, Etc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;Item 4. Information on the Company
&mdash; B. Business Overview &mdash; Research and Development.&rdquo; See &ldquo;Item 4. Information on the Company &mdash; B.
Business Overview &mdash; Intellectual Property.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">D. Trend Information</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Market Trends</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Global solar PV installations in 2014 totaled
around 45.0 GW, which represents a 23.2% increase compared to 36.5 GW in 2013. Although the European markets shrank significantly
due to subsidy cuts in major markets like Germany, Italy and Spain, the markets in China, Japan and U.S. took over the leading
positions as the three biggest markets for solar PV in 2014. Currently most analyst reports forecast that global solar PV installations
in 2015 will be in the range of 52~55 GW, which represents growth of 16%~22%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In 2014, annual solar PV installations in China
were reported as 10.6 GW, compared to 10.7 GW in 2013. Although the original 2014 annual installation target for China was set
at 14 GW, the distributed generation market did not grow as rapid as expected which caused the overall installation to miss the
target. Nevertheless, we do see China government authorities keeping improving the business environment for distributed generation
market in respects of tax, incentive payment and financing etc. In March 2015, Chinese National Energy Administration released
2015&rsquo;s solar PV installation target of 17.8GW, which is 19% higher than the draft target of 15GW, and indicates almost 70%
growth from 10.6 GW in 2014. Although some additional polysilicon supply may enter into the market mainly in the second half of
2015, we believe the supply and demand of polysilicon will remain in balance, on the premise that the global markets, including
China market, will grow as expected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Operational Trends</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We successfully completed the construction
of our Phase 2a facilities in Xinjiang in September 2012 and fully ramped up capacity to 5,000 MT at our Phase 2a facilities prior
to the end of March 2013. We also completed a &ldquo;debottlenecking&rdquo; project prior to the end of 2013, which increased our
annual capacity to 6,150MT. In November 2013, the Board officially approved the capacity expansion project in our Xinjiang polysilicon
facilities which will increase our annual capacity from 6,150 MT to 12,150 MT. We expect to fully ramp up the newly added capacity
by the end of the second quarter of 2015 and lower production costs to the level of $12 per kg. In addition, we are considering
further capacity expansion at our Xinjiang facilities in the medium term, or the Phase 3 expansion. Subject to market and industry
conditions, we expect our Phase 3 expansion, which may be conducted in two stages, to further increase our total polysilicon production
capacity to 25,000 MT by early 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013, we gradually increased the utilization
rate of our wafer facilities and successfully expanded the capacity to 72 million pieces in November 2013. Since 2014, we have
been running our wafer business in full capacity and improved the quality and efficiency for our wafer products. In May 2014, we
established in-house slurry recovery system, which helps us to lower the wafer production cost. Other than as disclosed elsewhere
in this annual report, we are not aware of any trends, uncertainties, demands, commitments or events since the beginning of our
fiscal year 2014 that are reasonably likely to have a material effect on our net revenues, income from operations, profitability,
liquidity or capital resources, or that would cause the disclosed financial information to be not necessarily indicative of future
operating results or financial condition.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">E. Off Balance Sheet Commitments
and Arrangements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have not entered into any financial guarantees
or other commitments to guarantee the payment obligations of third parties as of December 31, 2014. We have not entered into any
derivative contracts that are indexed to our shares and classified as shareholders&rsquo; (deficit)/equity, or that are not reflected
in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred
to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable
interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or that engages in
leasing, hedging or research and development services with us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">F. Tabular Disclosure of Contractual
Obligations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following table sets forth our contractual
obligations and commercial commitments as of December 31, 2014:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Payments due by Period</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Less than<BR> 1 Year</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">1-3<BR> Years</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">3-5<BR> Years</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">More Than 5<BR> Years</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center">(in thousands)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Contractual obligations:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 35%; padding-left: 9pt"><FONT STYLE="font-size: 10pt">Long-term debt<SUP>(1)(2)</SUP></FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">146,697</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">69,361</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">77,336</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 10pt">Interest payment on long-term debt<SUP>(3)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,339</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,563</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,776</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Capital commitments<SUP>(4)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34,818</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,394</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,424</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 10pt">Operating lease obligations<SUP>(5)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,142</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,071</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,071</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Total obligations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">198,996</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">94,389</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">104,607</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>Excludes interest payments.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>As of December 31, 2014, long-term bank loans in the amount of $146.7 million were guaranteed by Daqo Group, two directors
of the Company, Daqo New Material and two other companies affiliated with Daqo Group. In addition, Chongqing Daqo&rsquo;s land
use right and plant of $8.7 million and Xinjiang Daqo&rsquo;s machinery and equipment of $103.4 million were collateralized for
the long-term bank loans.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD>Variable interest payments are determined by weighed average long term interest rate 6.92%.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD>Represents commitments relating to our purchase of property, plant and equipment for our production capacity expansion, including
payment commitments to our project contractors.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(5)</SUP></TD><TD>Represents Chongqing Daqo&rsquo;s obligation under the lease agreement with Daqo New Material until January 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">G. Safe Harbor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">This annual report on Form 20-F
contains forward-looking statements. These statements are made under the &ldquo;safe harbor&rdquo; provisions of Section 21E
of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminology such
as &ldquo;will,&rdquo; &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;future,&rdquo;
&ldquo;intends,&rdquo; &ldquo;plans,&rdquo; &ldquo;believes,&rdquo; &ldquo;estimates,&rdquo; &ldquo;may,&rdquo;
&ldquo;intend,&rdquo; &ldquo;it is possible,&rdquo; &ldquo;subject to&rdquo; and similar statements. Among other things, the
sections titled &ldquo;Item 3. Key Information &mdash; D. Risk Factors,&rdquo; &ldquo;Item 4. Information on the
Company,&rdquo; and &ldquo;Item 5. Operating and Financial Review and Prospects,&rdquo; as well as our strategic and
operational plans, contain forward-looking statements. We may also make written or oral forward-looking statements in our
filings with the Securities and Exchange Commission, in our annual report to shareholders, in press releases and other
written materials and in oral statements made by our officers, directors or employees to third parties. Statements that are
not historical facts, including statements about our beliefs and expectations, are forward-looking statements and are subject
to change, and such change may be material and may have a material adverse effect on our financial condition and results of
operations for one or more prior periods. Forward-looking statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially from those contained, either expressly or impliedly, in any
forward-looking statement in this annual report on Form 20-F, including but not limited to the following: the demand for
photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon; alternative
technologies in cell manufacturing; our ability to significantly expand our polysilicon production capacity and output; and
the reduction in or elimination of government subsidies and economic incentives for solar energy applications. All
information provided in this annual report on Form 20-F and in the exhibits is as of the date of this annual report on Form
20-F, and we do not undertake any obligation to update any such information, except as required under applicable law.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_010" TITLE="ITEM 6."></A>ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND
EMPLOYEES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. Directors and Executive
Officers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following table sets forth information
regarding our directors and executive officers as of the date of this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse; margin-left: 0.25in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 37%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Name</B></P></TD>
    <TD STYLE="width: 2%">
</TD>
    <TD STYLE="width: 10%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Age</B></P></TD>
    <TD STYLE="width: 2%">
</TD>
    <TD STYLE="width: 49%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Position/Title</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Guangfu Xu</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">72</TD>
    <TD>&nbsp;</TD>
    <TD>Chairman of the board of directors</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Xiang Xu</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">44</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Dafeng Shi</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">43</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Gongda Yao</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">56</TD>
    <TD>&nbsp;</TD>
    <TD>Director and chief executive officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Fumin Zhuo</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">62</TD>
    <TD>&nbsp;</TD>
    <TD>Independent director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Rongling Chen</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">72</TD>
    <TD>&nbsp;</TD>
    <TD>Independent director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Minsong Liang</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">46</TD>
    <TD>&nbsp;</TD>
    <TD>Independent director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Shuming Zhao</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">62</TD>
    <TD>&nbsp;</TD>
    <TD>Independent director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Arthur Wong</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">55</TD>
    <TD>&nbsp;</TD>
    <TD>Independent director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Bing Sun</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">43</TD>
    <TD>&nbsp;</TD>
    <TD>Chief financial officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Qiangmin Zhou</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">47</TD>
    <TD>&nbsp;</TD>
    <TD>Chief operations officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Tracy Tianqun Zhou</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">53</TD>
    <TD>&nbsp;</TD>
    <TD>Chief marketing officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Guoping Zhu</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">43</TD>
    <TD>&nbsp;</TD>
    <TD>Chief technology officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Guangfu Xu</I> is the chairman of our
board of directors. Mr. Xu is principally responsible for formulating our strategic development objectives. Mr. Xu has been the
chairman and general manager of Daqo Group since January 1984 and currently holds directorship positions with 27 subsidiaries and
affiliated entities of Daqo Group. Mr. Xu has served as chairman of our board of directors since our incorporation in November
2007. Mr. Xu joined Xinba General Company, the predecessor entity of Daqo Group, in 1966 and has been instrumental in building
Daqo Group from a small township and village enterprise to a leading manufacturer of electrical systems in China. Mr. Xu is a member
of the Ninth People&rsquo;s Congress of Jiangsu Province and the vice chairman of the Standing Committee of the Ninth Yangzhong
City People&rsquo;s Congress. Mr. Xu was named a National Township and Village Entrepreneur by the Ministry of Agriculture of China
in 2001 and 2002. Mr. Xu graduated from secondary school in 1960.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Xiang Xu</I> is one of our directors.
Mr. Xu is also the vice chairman of the board and president of Daqo Group and currently holds directorship positions with 25 subsidiaries
of Daqo Group. Mr. Xu has served as a director of our Company since our incorporation in November 2007. Mr. Xu served as the general
manager of Jiangsu Changjiang Electric Co., Ltd., a subsidiary of Daqo Group, from January 2000 through May 2006. Mr. Xu received
his EMBA degree from Nanjing University in 2004. Mr. Xiang Xu is the son of Mr. Guangfu Xu.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Dafeng Shi</I> is one of our directors.
Mr. Shi had served as a director of our company since its initial public offering until October 2011 and was appointed again to
be our director in February 2013. Mr. Shi has been the vice president for finance of Daqo Group since January 2006 and currently
holds directorship positions with four subsidiaries and affiliated entities of Daqo Group. Prior to joining Daqo Group, Mr. Shi
served as the vice president of Yangzhong Tianyuan Accounting Firm from 2000 to 2001. Mr. Shi received his bachelor&rsquo;s degree
in economic management from the Correspondence Institute of the Central Party School in 1997 and his associate degree in accounting
from Nanjing University of Finance &amp; Economics in 1992. Mr. Shi received his master degree of professional accountancy from
The Chinese University of Hong Kong. Mr. Shi is a Certified Public Accountant in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Dr. Gongda Yao</I> is one of our directors
and chief executive officer. Dr. Yao has served as our director and chief executive officer since August 2009. Dr. Yao has extensive
experience in the electronic development and manufacturing industry. Prior to joining our company, Dr. Yao served as the vice president
and China general manager for Applied Materials from October 2006 to July 2008. Dr. Yao was also the vice president and general
manager of the Integrated Metal Business Unit of Novellus Systems from October 2005 to October 2006, and vice president of operations
at Ciwest Semiconductor Company from April 2005 to October 2005. Before that, Dr. Yao worked for Applied Materials at various management
positions for 11 years. Dr. Yao received his Ph.D. in materials science &amp; engineering from the State University of New York
at Stony Brook in 1992, his master&rsquo;s degree in materials science from Tongji University and the Chinese Academy of Science
in 1984 and his bachelor&rsquo;s degree in theoretical physics from Shanghai University of Science and Technology in 1982. Dr.
Yao holds more than 10 U.S. patents and has authored or co-authored more than 40 technical articles and papers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Fumin Zhuo</I> is one of our independent
directors. Mr. Zhuo has served as our director since November 2009. Mr. Zhuo has also served as independent directors to SRE Group
Ltd., a company listed on the Hong Kong Stock Exchange and China Enterprise Company Limited, a company listed on the Shanghai Stock
Exchange. Mr. Zhuo has also served as non-executive director to Besunyen Holdings Company Limited, a company listed on the Hong
Kong Stock Exchange. Mr. Zhuo has over two decades experience in investment and corporate management. Mr. Zhuo is currently a managing
partner of Granite Global Ventures III L.L.C., a general partner of SIG Capital Limited and Chairman of Venture Star Investment
(HK) Limited. Prior to joining SIG Capital Limited in July 2005, Mr. Zhuo served as the chairman and chief executive officer of
Vertex China Investment Company, a company concentrating in investments in the Greater China region since July 2002. From 1995
to July 2002, Mr. Zhuo was the chief executive officer of Shanghai Industrial Holding Ltd. and the chairman of SIIC Medical Science
&amp; Technology (Group). Prior to that, starting in 1987 Mr. Zhuo served as chief assistant officer of the Shanghai Economic System
Reform Committee. Mr. Zhuo has extensive experience in venture capital fund formation, mergers and acquisitions, and investment
management. Mr. Zhuo received his master&rsquo;s degree in economics from Fudan University and his bachelor&rsquo;s degree in enterprise
management from Shanghai Jiaotong University&rsquo;s Electrical Engineering School.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Rongling Chen</I> is one of our independent
directors. Mr. Chen has served as our director since October 2010. Mr. Chen has served as an independent director to Tianjin Zhonghuan
Semiconductor Co., Ltd., a company listed on Shenzhen Stock Exchange. Between 2010 and 2012 Mr. Chen was a vice president of Applied
Materials and chief administration officer of Applied Materials China. Mr. Chen was an executive advisor of IMEC, a leading advanced
semiconductor R&amp;D center based in Belgium, and also a senior advisor and chairman of China advisory board to SEMI, a global
industry association serving the manufacturing supply chains for the microelectronic, display and photovoltaic industries. Mr.
Chen started working for Applied Materials in 1984, and has served in various senior positions, including vice president, chairman
of Applied Materials China and head of China marketing and corporate affairs, before retiring in 2012. Mr. Chen received his bachelor&rsquo;s
degree in semiconductor devices and materials from Zhe Jiang University.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Dr. Minsong Liang</I> is one of our independent
directors. Dr. Liang has served as our director since October 2011. Dr. Liang is currently a co-managing partner of CLA Partners,
a boutique investment banking firm in China. Dr. Liang serves as an independent director to Qingdao Eastsoft Communication Technology
Co. Ltd., a company listed on Shenzhen Stock Exchange and to Yunnan International Trust &amp; Investment Co., Ltd., a financial
services company in China. Prior to joining CLA Partners, Dr. Liang has held various management positions at China Securities Regulatory
Commission and State-owned Assets Management Commission of Yunnan Province. Dr. Liang received his Ph.D. in economics from the
University of Michigan at Ann Arbor and J.D. from New York University School of Law. He received his bachelor&rsquo;s degree in
economics from Beijing University.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Shuming Zhao</I> is one of our independent
directors. Mr. Zhao has served as our director since October 2011. Mr. Zhao is dean of the Nanjing University School of Business.
In addition, Mr. Zhao is an adjunct professor at the University of Southern California Marshall School of Business, Claremont Graduate
University, Macau University of Science and Technology and Nanjing University of Post and Telecommunications. Mr. Zhao serves as
independent directors to Jiangsu Little Swan Ltd. in China and MFC Industrial Ltd., a NYSE-listed Canadian company. Mr. Zhao received
his bachelor&rsquo;s degree in English language from Nanjing University and a master&rsquo;s degree in education and a Ph.D. in
management, both from Claremont Graduate University.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Arthur Wong</I> is one of our independent
directors. Mr. Wong has served as our director since December 2012. Mr. Arthur Wong is the Chief Financial Officer of Beijing Radio
Cultural Transmission Company Limited. He currently serves as an independent director and Chairman of the Audit Committee of four
NASDAQ-listed companies, including VisionChina Media Inc., China Automotive Systems, Inc., YOU On Demand Holdings, Inc. and Sky
Solar Holdings, Ltd., and of two Hong Kong Stock Exchange-listed companies, including Maple Leaf Educational Systems Limited and
Petro-King Oilfield Services Limited. From 2008 to 2012, Mr. Wong served as Chief Financial Officer for Asia New-Energy, Nobao
Renewable Energy and GreenTree Inns Hotel Management Group sequentially. From 1982 to 2008, Mr. Wong worked for Deloitte Touche
Tohmatsu, in Hong Kong, San Jose and Beijing over various periods of time, most recently as a partner in the Beijing office. Mr.
Wong received a bachelor&rsquo;s degree in applied economics from the University of San Francisco and a higher diploma of accountancy
from Hong Kong Polytechnic University. He is a member of the American Institute of Certified Public Accountants and the Hong Kong
Institute of Certified Public Accountants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Bing Sun</I> is our chief financial
officer. Mr. Sun joined us, as our chief financial officer in February 2012, from Shunda Holdings Co, a solar photovoltaic company
based in China, where he was the Chief Financial Officer since June 2008. Prior to Shunda Holdings, Mr. Sun was financial controller
at BCD Semiconductor, a leading analog integrated device manufacturer in China from April 2007 to June 2008. Mr. Sun&rsquo;s earlier
experiences include serving as audit manager at Deloitte Touche Tohmatsu and compliance manager at The Brinks Company. Mr. Sun
holds an MBA degree with a concentration in accounting from Virginia Commonwealth University and he is a U.S. Certified Public
Accountant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Qiangmin Zhou</I> is our chief operations
officer. First joining us in 2007, Mr. Qiangmin Zhou served as the <FONT STYLE="color: #464646">General Manager of the polysilicon
business group</FONT> and then as the Chief Operations Officer. He resigned from us for personal reasons in April 2013 and rejoined
us in June 2014. Mr. Zhou has over 25 years of experience in chemical and materials industry. Mr. Zhou holds a bachelor&rsquo;s
degree from Tianjin University of Science and Technology and an MBA degree from Chongqing University.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
<P STYLE="margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Dr. Tracy Tianqun Zhou</I> is our chief
marketing officer. Dr. Zhou has served as our chief marketing officer since October 2012. Dr. Zhou served as our chief technology
officer between January 2009 and October 2012. Prior to joining us in January 2009, Dr. Zhou served as a product manager at Silicon
Quest International in Santa Clara, California from January 2008. From 2004 to 2008, Dr. Zhou was the senior field applications
engineer at MEMC Electronics Materials, Inc. in San Jose, California. Before that, Dr. Zhou was the silicon business unit manager
at West Coast Quart from 2001 to 2004, operations director at Unisil Corp from 1998 to 2001 and senior process engineer at Mitsubishi
Silicon America (now Sumco) from 1994 to 1998. Dr. Zhou received her Ph.D. in materials science and engineering from North Carolina
State University in 1993 and a master&rsquo;s degree from the Shanghai Institute of Ceramics in 1986. Dr. Zhou received her bachelor&rsquo;s
degree in chemistry from the University of Science and Technology of China in 1982.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><I>Mr. Guoping Zhu</I> is our chief technology
officer. Mr. Zhu has served as our chief technology officer since October 2012. Mr. Zhu joined our company in August 2006 and was
previously the deputy general manager of Xinjiang Daqo. Prior to his tenure in Xinjiang, Mr. Zhu served as a technologist and deputy
general manager at Chongqing Daqo. Mr. Zhu has over 18 years of experience in chemical, materials, and electric industries.
He holds a bachelor&rsquo;s degree from Tianjin University of Science and Technology.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Composition of Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our board of directors consists of nine directors.
A director is not required to hold any shares in our company by way of qualification. A director may vote with respect to any contract
or transaction in which he or she is materially interested provided the nature of the interest is disclosed prior to its consideration.
Subject to our Third Amended and Restated Memorandum and Articles of Association, the directors may exercise all the powers of
our company to borrow money, mortgage his or her undertaking, property and uncalled capital, and issue debentures or other securities
whether outright or as security for any debt, liability or obligation of our company or of any third party. We have a majority
independent board and fully independent audit committee, compensation committee and nominating and corporate governance committee,
and are in full compliance with applicable SEC and NYSE rules regarding the board and committee composition.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Compensation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, our aggregate payments of cash to
directors or executive officers was approximately $0.8 million. In 2014, our directors and executive officers received options
under our share incentive plan. See &ldquo;&mdash; Share Incentive Plans.&rdquo; Our PRC subsidiaries are and were required, as
the case may be, by PRC law to make contributions equal to certain percentages of each employee&rsquo;s salary for his or her pension
insurance, medical insurance, housing fund, unemployment and other statutory benefits. We have accrued or set aside, in the aggregate,
approximately $7.8 thousand for pension or similar retirement benefits for our executive officers and directors, as required under
PRC laws, for the fiscal year ended December 31, 2014. Other than the aforementioned statutorily required contributions, we have
not set aside or accrued any other amount to provide pension, retirement or other similar benefits to our executive officers and
directors.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Share Incentive Plans</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">2009 Share Incentive Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In August 2009, we adopted the 2009 share incentive
plan, or the 2009 Plan, to attract and retain the best available personnel, provide additional incentives to employees, directors
and consultants, and promote the success of our business. Our board of directors has authorized the issuance of up to 15,000,000
ordinary shares upon the exercise of awards granted under the 2009 Plan. The following paragraphs summarize the terms of the 2009
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Plan Administration</I></B>. Our board
of directors, or a committee designated by our board or directors, will administer the plan. The committee or the full board of
directors, as appropriate, will determine the provisions and terms and conditions of each award grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Types of Awards</I></B>. The 2009 Plan
provides for the grant of stock options, restricted shares and restricted share units to a participant pursuant to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Award Agreement</I></B>. Options and
other stock purchase rights granted under our plan are evidenced by an award agreement, as applicable, that sets forth the terms,
conditions and limitations for each grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Exercise Price</I></B>. The exercise
price subject to an option shall be determined by the plan administrator and set forth in the award agreement. The exercise price
may be amended or adjusted in the absolute discretion of the plan administrator, the determination of which shall be final, binding
and conclusive. To the extent not prohibited by applicable laws or any exchange rule, a downward adjustment of the exercise prices
of options shall be effective without the approval of the shareholders or the approval of the affected participants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Eligibility</I></B>. We may grant awards
to our employees, directors and consultants or those of any of our related entities, which include our subsidiaries or any entities
in which we hold a substantial ownership interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Term of the Options</I></B>. The term
of each option grant shall be stated in the award agreement, provided that the term shall not exceed 10 years from the date of
the grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Vesting Schedule</I></B>. In general,
the plan administrator determines, or the award agreement specifies, the vesting schedule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Transfer Restrictions</I></B>. Awards
to purchase our ordinary shares may not be transferred in any manner by the participant other than by will or the laws of succession.
An option award may be exercised during the lifetime of the optionee only by the optionee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Termination of the Plan</I></B>. Unless
terminated earlier, the plan will terminate automatically in 2019. Our board of directors has the authority to amend or terminate
the plan subject to shareholder approval to the extent necessary to comply with applicable law. However, no such action may (i)
impair the rights of any participant unless agreed by the participant and the plan administrator or (ii) affect the plan administrator&rsquo;s
ability to exercise the powers granted to it under our plan.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">2014 Share Incentive Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In December 2014, our shareholders adopted
the 2014 share incentive plan, or the 2014 Plan, at our annual general meeting of the shareholders. Our shareholders have authorized
the issuance of up to 21,000,000 ordinary shares underlying all options (including incentive share options, or ISOs), restricted
shares and restricted share units granted to a participant under the plan, or the awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following paragraphs summarize the terms
of our 2014 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Plan Administration</I></B>. Our board
of directors, or a committee designated by our board of directors, will administer the plan. The committee or the full board of
directors, as appropriate, will determine the provisions and terms and conditions of each award. Any grant or amendment of awards
to any committee member requires an affirmative vote of a majority of the board members who are not on the committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Award Agreement</I></B>. Awards granted
under our 2014 Plan are evidenced by an award agreement that sets forth the terms, conditions and limitations for each award which
may include the term of an award, the provisions applicable in the event the participant&rsquo;s employment or service terminates,
and our authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind an award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Eligibility</I></B>. We may grant awards
to our employees, consultants, members of our board of directors and other individuals as determined, authorized and approved by
the board of directors or the committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Acceleration of Awards upon Corporate
Transactions</I></B>. The outstanding awards will accelerate upon occurrence of a change-of-control corporate transaction in which
the successor entity does not assume our outstanding awards under our 2014 Plan, provided that the plan participant remains an
employee, consultant or member of our board of directors on the effective date of the corporate transaction. In such event, each
outstanding award will become fully exercisable and all forfeiture restrictions on such award will lapse immediately prior to the
specified effective date of the corporate transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If the successor entity assumes our outstanding
awards and later terminates the grantee&rsquo;s employment or service without cause, the outstanding awards automatically will
become fully vested and exercisable. The compensation committee may also, in its sole discretion, upon or in anticipation of a
corporate transaction, accelerate awards, purchase the awards from the plan participants, replace the awards, or provide for the
payment of the awards in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Exercise Price and Term of Options Other
than ISOs</I></B>. Our board of directors, or a committee designated by our board of directors, will determine, amend or adjust
the exercise price of options other than the ISOs, and determine the time or times at which, and the conditions to be satisfied
before, such options may be exercised in whole or in part. Subject to any future amendment or modification to the plan, the term
of any option other than an ISO granted under the 2014 Plan may not exceed ten years, subject to any amendment or modification
of the plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Exercise Price and Term of ISOs</I></B>.
The exercise price per share of an ISO shall be equal to the fair market value on the date of grant. If, however, we grant an ISO
to an individual, who, at the time of that grant, owns shares representing more than 10% of the voting power of all classes of
our share capital, the exercise price cannot be less than 110% of the fair market value of our ordinary shares on the date of grant.
The board or the committee will determine the time or times at which an ISO may be exercised in whole or in part, including exercise
prior to vesting. The term may not exceed the earlier of ten years from the date of the grant, three months after a participant&rsquo;s
termination of employment as an employee, or one year after the date of a participant&rsquo;s termination of employment or service
on account of death or disability, except that five years is the maximum term of an ISO granted to an employee who holds more than
10% of the voting power of our share capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Restricted Shares and Restricted Share
Unites</I></B>. The board or the committee is also authorized to make awards of restricted shares and restricted share units. Except
as otherwise determined by the board or the committee at the time of the grant of an award or thereafter, upon termination of employment
or service during the applicable restriction period, restricted shares that are at the time subject to restrictions shall be forfeited
or repurchased in accordance with the respective award agreements. At the time of grant for restricted share units, the board or
the committee shall specify the date on which the restricted share units shall become fully vested and nonforfeitable, and may
specify such conditions to vesting as it deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B><I>Amendment and Termination</I></B>. The
board or the committee may at any time amend, suspend or terminate our 2014 Plan. Amendments to our 2014 Plan are subject to shareholder
approval, to the extent required by law, or by stock exchange rules or regulations. Unless terminated earlier, our 2014 Plan shall
continue in effect for a term of ten years from the date of adoption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of the date of this annual report, excluding
the expired and cancelled options, we have granted options to purchase a total of 20,210,191 of our ordinary shares among which
18,941,041 are outstanding under the 2009 Plan and the 2014 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following table summarizes, as of the date
of this annual report, the options granted to our senior executive officers, directors and to other individuals as a group, without
giving effect to the options that were exercised or terminated, if any.<B><I> </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Name</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Ordinary<BR> Shares<BR> Underlying<BR> Option<BR> Awarded</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Exercise&nbsp;Price<BR> ($/Share)</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Date&nbsp;of&nbsp;Grant</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Date&nbsp;of<BR> Expiration</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; text-align: left">Directors and officers as a group</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,400,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">0.25</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 12%; text-align: right">October 31, 2009</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 12%; text-align: right">October 30, 2019</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">October 6, 2010</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">October 5, 2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">925,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">December 3, 2010</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">December 2, 2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,050,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 9, 2012</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 8, 2022</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">140,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">April 3, 2013</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">April 2, 2023</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,654,166</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.87</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 28, 2014</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 27, 2024</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,185,625</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.87</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 12, 2015</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 11, 2025</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other individuals as a group</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,950,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">October 31, 2009</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">October 30, 2019</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">October 6, 2010</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">October 5, 2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,265,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">December 3, 2010</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">December 2, 2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">140,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 9, 2012</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 8, 2022</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,530,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.87</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 28, 2014</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 27, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">948,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.87</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 12, 2015</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">January 11, 2025</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,398,541</TD><TD STYLE="text-align: left">*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"></TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: left; margin-bottom: 0">* The number of total options awarded includes
options that were exercised or terminated, if any.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">C. Board Practices</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Code of Business Conduct and Ethics</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our code of business conduct and ethics provides
that our directors and officers are expected to avoid any action, position or interest that conflicts with the interests of our
company or gives the appearance of a conflict. Directors and officers have an obligation under our code of business conduct and
ethics to advance our company&rsquo;s interests when the opportunity to do so arises.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Duties of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under Cayman Islands law, our directors have
a fiduciary duty to act honestly, in good faith and with a view to our best interests. Our directors also have a duty to exercise
the skill they actually possess and such care and diligence that a reasonably prudent person would exercise in comparable circumstances.
In fulfilling their duty of care to us, our directors must ensure compliance with our memorandum and articles of association, as
amended and restated from time to time. A shareholder has the right to seek damages if a duty owed by our directors is breached.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The functions and powers of our board of directors
include, among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>convening shareholders&rsquo; annual general meetings and reporting its work to shareholders at such meetings;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>declaring dividends and distributions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>appointing officers and determining the term of office of officers;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>subject to our Third Amended and Restated Memorandum and Articles of Association, exercising the borrowing powers of our company
and mortgaging the property of our company; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>approving the transfer of shares of our company, including the registering of such shares in our share register.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Terms of Directors and Executive Officers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our officers are elected by and serve at the
discretion of the board of directors. Our directors are not subject to a term of office and hold office until such time as they
are removed from office in accordance with our Third Amended and Restated Memorandum and Articles of Association. A director will
be removed from office automatically if, among other things, the director (1) becomes bankrupt or makes any arrangement or composition
with his creditors; or (2) dies or becomes of unsound mind.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Committees of the Board of Directors</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Audit Committee</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our audit committee consists of Mr. Arthur
Wong, Mr. Rongling Chen and Dr. Minsong Liang, and is chaired by Mr. Wong. All of our audit committee members satisfy the &ldquo;independence&rdquo;
requirements of Section&nbsp;303A of the Corporate Governance Rules of the NYSE and meet the independence standards under Rule
10A-3 under the Securities Exchange Act of 1934, as amended. We have determined that Mr. Wong qualifies as an &ldquo;audit committee
financial expert.&rdquo; The audit committee oversees our accounting and financial reporting processes and the audits of the financial
statements of our company. The audit committee is responsible for, among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>selecting our independent auditors and pre-approving all auditing and non-auditing services permitted to be performed by our
independent auditors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reviewing with our independent auditors any audit problems or difficulties and management&rsquo;s response to such audit problems
or difficulties;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reviewing and approving all proposed related party transactions, as defined in Item 404 of Regulation S-K under the Securities
Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>discussing the annual audited financial statements with management and our independent auditors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reviewing major issues as to the adequacy of our internal controls and any special audit steps adopted in light of material
control deficiencies;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>annually reviewing and reassessing the adequacy of our audit committee charter;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>such other matters that are specifically delegated to our audit committee by our board of directors from time to time;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>meeting separately and periodically with management and our internal and independent auditors; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reporting regularly to the full board of directors.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, our audit committee held meetings
or passed resolutions by unanimous written consent 7 times.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Compensation Committee</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our compensation committee consists of Mr.
Fumin Zhuo, Mr. Arthur Wong and Mr. Rongling Chen, and is chaired by Mr. Zhuo. All of our compensation committee members satisfy
the &ldquo;independence&rdquo; requirements of Section 303A of the Corporate Governance Rules of the NYSE. Our compensation committee
assists the board in reviewing and approving the compensation structure of our directors and executive officers, including all
forms of compensation to be provided to our directors and executive officers. Members of the compensation committee are not prohibited
from direct involvement in determining their own compensation. Our chief executive officer may not be present at any committee
meeting during which his compensation is deliberated. The compensation committee is responsible for, among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>approving and overseeing the compensation package for our executive officers;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reviewing and making recommendations to the board with respect to the compensation of our directors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reviewing and approving corporate goals and objectives relevant to the compensation of our chief executive officer, evaluating
the performance of our chief executive officer in light of those goals and objectives, and setting the compensation level of our
chief executive officer based on this evaluation; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reviewing periodically and making recommendations to the board regarding any long-term incentive compensation or equity plans,
programs or similar arrangements, annual bonuses, employee pension and welfare benefit plans.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, our compensation committee did not
hold meetings or pass resolutions by unanimous written consent.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Corporate Governance and Nominating
Committee</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our corporate governance and nominating committee
consists of Mr. Shuming Zhao, Mr. Arthur Wong and Mr. Rongling Chen, and is chaired by Mr. Zhao. All of our corporate governance
and nominating committee members satisfy the &ldquo;independence&rdquo; requirements of Section 303A of the Corporate Governance
Rules of the NYSE. The corporate governance and nominating committee assists the board of directors in identifying individuals
qualified to become our directors and in determining the composition of the board and its committees. The corporate governance
and nominating committee is responsible for, among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>identifying and recommending to the board nominees for election or re-election to the board, or for appointment to fill any
vacancy;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reviewing annually with the board the current composition of the board in light of the characteristics of independence, age,
skills, experience and availability of service to us;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>identifying and recommending to the board the directors to serve as members of the board&rsquo;s committees;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>advising the board periodically with respect to significant developments in the law and practice of corporate governance as
well as our compliance with applicable laws and regulations, and making recommendations to the board on all matters of corporate
governance and on any corrective action to be taken; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our
procedures to ensure proper compliance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, our corporate governance and nominating
committee did not hold meetings or pass resolutions by unanimous written consent.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Interested Transactions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">A director may vote in respect of any contract
or transaction in which he or she is interested, provided that the nature of the interest of any directors in such contract or
transaction is disclosed by him or her at or prior to its consideration and any vote on that matter.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Remuneration and Borrowing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The directors may determine remuneration to
be paid to the directors. The compensation committee will assist the directors in reviewing and approving the compensation structure
for the directors. Subject to our Third Amended and Restated Memorandum and Articles of Association, the directors may exercise
all the powers of our company to borrow money and to mortgage or charge its undertaking, property and uncalled capital, and to
issue debentures or other securities whether outright or as security for any debt obligations of our company or of any third party.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Qualification</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">There is no shareholding qualification for
directors.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Employment Agreements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have entered into an employment agreement
with each of our executive officers. The terms of the employment agreements are substantially similar for each executive officer,
except as noted below. We may terminate an executive officer&rsquo;s employment for cause, at any time, without notice or remuneration,
for certain acts of the officer including, but not limited to, a serious criminal act, willful misconduct to our detriment or a
failure to perform agreed duties. We may terminate employment at any time without cause upon advance written notice to the executive.
The executive may resign at any time if such resignation is approved by the board or an alternative arrangement with respect to
the employment is agreed by the board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Each executive officer has agreed to hold,
both during and after the termination of his or her employment agreement, in strict confidence and not to use, except as required
in the performance of his or her duties in connection with the employment or as compelled by law, any of our or our customers&rsquo;
confidential information or trade secrets. Each executive officer also agrees to comply with all material applicable laws and regulations
related to his or her responsibilities at our company as well as all material written corporate and business policies and procedures
of our company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Each executive officer has agreed to be bound
by non-competition restrictions during the term of his or her employment and for two years following the termination of such employment
agreement. Specifically, each executive officer has agreed not to (1) assume employment with or provide services as a director
for any of our competitors who operate in a restricted area; (2) solicit or seek any business orders from our customers; or (3)
seek directly or indirectly, to solicit the services of any of our employees.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">D. Employees</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of December 31, 2014, we employed 1,408
employees, including 812 in manufacturing, 159 in equipment maintenance, 98 in quality assurance, 20 in purchasing, 171 in research
and development, 12 in sales and marketing and 136 in general and administrative. In addition, we engaged independent contractors
and temporary personnel from time to time. All of these employees and independent contractors are located at our facilities in
Chongqing and Xinjiang, China. As of December 31, 2014, we employed approximately 53 temporary personnel through third-party contractors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We had a total of 1,545, 1,330 and 1,408 employees
as of December 31, 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As required by regulations in China, we participate
in various employee social security plans that are administered by municipal and provincial governments, including housing, pension,
medical insurance and unemployment insurance. We are required under Chinese law to make contributions to the employee benefit plans
at specified percentages of the salaries, bonuses and certain allowance of our employees, up to a maximum amount specified by the
local government from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We typically enter into a standard confidentiality
and employment agreement with our research and development personnel. These contracts involve a covenant that prohibits them from
engaging in any activities that compete with our business within certain agreed period after the termination of their employment
with us, and during such non-competition period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We believe we maintain a good working relationship
with our employees, and we have not experienced any labor disputes or any difficulty in recruiting staff for our operations.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">E. Share Ownership</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following table sets forth information
with respect to the beneficial ownership of our ordinary shares, as of the date of this annual report, by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>each of our directors and executive officers; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>each person known to us to own beneficially more than 5.0% of our ordinary shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The calculations in the table below are based
on 262,646,603 ordinary shares outstanding as of the date of this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Beneficial ownership is determined in accordance
with the rules and regulations of the SEC. In computing the number of shares beneficially owned by a person and the percentage
ownership of that person, we have included shares that the person has the right to acquire within 60 days of the date of this annual
report, including through the exercise of any option, warrant or other right or the conversion of any other security. These shares,
however, are not included in the computation of the percentage ownership of any other person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Ordinary Shares Beneficially<BR> Owned</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">%</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Directors and Executive Officers:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%">Guangfu Xu<SUP>(1)</SUP></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">40,600,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">15.4</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Xiang Xu<SUP>(2)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">41,544,358</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Dafeng Shi<SUP>(3)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,532,917</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Fumin Zhuo<SUP>(4)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Gongda Yao<SUP>(5)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Rongling Chen<SUP>(6)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Minsong Liang<SUP>(7)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Shuming Zhao<SUP>(8)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Arthur Wong<SUP>(9)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Tracy Tianqun Zhou<SUP>(10)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Guoping Zhu<SUP>(11)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Bing Sun<SUP>(12)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">All directors and executive officers as a group</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,394,263</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Principal Shareholders:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Gold Intellect Limited<SUP>(13)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Duke Elite Limited<SUP>(14)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,641,025</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Plenty China Limited<SUP>(15)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,820,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Ruian International Limited<SUP>(16)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,890,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Best Mount International Limited<SUP>(17)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,760,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.3</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">* Beneficially owns less than 1% of our ordinary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>Consists of 39,000,000 shares held by Gold Intellect Limited, a British Virgin Islands company wholly owned and controlled
by Mr. Guangfu Xu, and 1,600,000 shares issuable upon exercise of options held by Mr. Xu that are exercisable within 60 days of
the date of this annual report. Mr. Guangfu Xu&rsquo;s business address is c/o No. 11, Daquan Road, Xinba, Yangzhong, Jiangsu Province,
PRC. Mr. Guangfu Xu is the chairman of the board of directors of our company and he is the father of Mr. Xiang Xu.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>Consists of (i) 1,025,641 ADSs, representing 25,641,025 Ordinary Shares, beneficially owned by Duke Elite Limited, a British
Virgin Islands company wholly owned and controlled by Mr. Xiang Xu, (ii)&nbsp;14,820,000 shares held by Plenty China Limited, a
British Virgin Islands company wholly owned and controlled by Mr. Xiang Xu, and (iii) 1,083,333 shares issuable upon exercise of
options held by Mr. Xu that are exercisable within 60 days of the date of this annual report. Mr. Xiang Xu&rsquo;s business address
is c/o No. 11, Daquan Road, Xinba, Yangzhong, Jiangsu Province, PRC. Mr. Xiang Xu is a director of our company and he is the son
of Mr. Guangfu Xu.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD>Consists of 5,449,584 shares held by Lucky Prosper Investments Limited, a British Virgin Islands company wholly owned and controlled
by Mr. Dafeng Shi, and 1,083,333 shares issuable upon exercise of options held by Mr. Shi that are exercisable within 60 days of
the date of this annual report. Mr. Dafeng Shi&rsquo;s business address is c/o No. 11, Daquan Road, Xinba, Yangzhong, Jiangsu Province,
PRC. Mr. Shi is a director of our company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD>The business address of Mr. Zhuo is Unit 3501, Two IFC, 8 Century Avenue, Pudong District, Shanghai, China.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(5)</SUP></TD><TD>The business address for Mr. Yao is No.666, Longdu Avenue, Wanzhou District, Chongqing City, PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(6)</SUP></TD><TD>he business address of Mr. Chen is No.585, Jianguoxi Road, Shanghai, PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(7)</SUP></TD><TD>The business address of Mr. Liang is Room 806, Tower C, Vantone Center, No. 6 Chaoyangmenwai Street, Chaoyang District, Beijing,
PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(8)</SUP></TD><TD>The business address of Mr. Zhao is 2002 Anzhong Building, School of Business, Nanjing University, 16 Jinyin Jie, Nanjing,
PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(9)</SUP></TD><TD>The business address for Mr. Wong is Room 906, 16th Floor, Huamao Building, No. 89 Jianguo Road, Chaoyang District, Beijing,
PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(10)</SUP></TD><TD>The business address of Dr. Zhou is No.666, Longdu Avenue, Wanzhou District, Chongqing City, PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(11)</SUP></TD><TD>The business address of Mr. Zhu is No.666, Longdu Avenue, Wanzhou District, Chongqing City, PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(12)</SUP></TD><TD>The business address of Mr. Sun is No.666, Longdu Avenue, Wanzhou District, Chongqing City, PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(13)</SUP></TD><TD>Gold Intellect Limited is a company incorporated in the British Virgin Islands wholly owned by Mr. Guangfu Xu. Its registered
office is at c/o 11 Daquan Road, Xinba, Yangzheng, Jiangsu Province, PRC. Mr. Guangfu Xu has the sole voting and dispositive power
over the shares of our company held by Gold Intellect Limited.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(14)</SUP></TD><TD>Duke Elite Limited is a company incorporated in the British Virgin Islands wholly owned by Mr. Xiang Xu. Its registered office
is at c/o 11 Daquan Road, Xinba, Yangzheng, Jiangsu Province, PRC. Mr. Xiang Xu has the sole voting and dispositive power over
the shares of our company represented by ADSs held by Duke Elite Limited.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(15)</SUP></TD><TD>Plenty China Limited is a company incorporated in the British Virgin Islands wholly owned by Mr. Xiang Xu. Its registered office
is at c/o 11 Daquan Road, Xinba, Yangzheng, Jiangsu Province, PRC. Mr. Xiang Xu has the sole voting and dispositive power over
the shares of our company held by Plenty China Limited.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(16)</SUP></TD><TD>Ruian International Limited is a company incorporated in the British Virgin Islands wholly owned by Mr. Fei Ge. Its registered
office is at c/o 11 Daquan Road, Xinba, Yangzheng, Jiangsu Province, PRC. Mr. Fei Ge has the sole voting and dispositive power
over the shares of our company held by Ruian International Limited.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><SUP>&nbsp;&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(17)</SUP></TD><TD>Best Mount International Limited is a company incorporated in the British Virgin Islands. Its registered office is at P.O.
Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. Best Mount International Limited&rsquo;s shareholders
are Yueping Liu, Shaoxian Ge, Sheng Xue, Xiaorong Hou, Benjiang Chang, Yuhua Jing, Jilin Ye, Jianrong Tang and Chaohui Chen and
these shareholders share voting and dispositive power over all the shares held by Best Mount International Limited.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of the date of this annual report,
262,646,603 of our ordinary shares were issued and outstanding. To our knowledge, 137,005,515 ordinary shares, representing
approximately 52% of our total outstanding shares, were held by one record holder in the United States, which was JPMorgan
Chase Bank, N.A., the depositary of our ADS program. The number of beneficial owners of our ADSs in the United States is
likely to be much larger than the number of record holders of our ordinary shares in the United States. None of our directors
or executive officers that are shareholders or principal shareholders has different voting rights from other shareholders. We
are not aware of any arrangement that may, at a subsequent date, result in a change of control of our company.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_011" TITLE="ITEM 7."></A>ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY
TRANSACTIONS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. Major Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Please refer to &ldquo;Item 6. Directors, Senior
Management and Employees &mdash; E. Share Ownership.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Related Party Transactions</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Related party transactions with Daqo
Group</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2012, the Company sold a 100% equity interest
in Nanjing Daqo to Daqo Group for consideration of $9,888,742 and Daqo Group owed the Company $5,110,085 in connection with this
transaction as of December 31, 2013. In addition, the Company purchased fixed assets totaling $7,849,533 from Daqo Group and had
$5,359,007 due to Daqo Group as of December 31, 2012. Separately, a further $1,330,044 was prepaid to purchase fixed assets as
of December 31, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013, the Company received an interest free
loan of $813,105 from Daqo Group, which was fully repaid during the same year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, the Company received an interest free
loan of $10,821,462 from Daqo Group, of which $8,115,813 was repaid during the same year. In addition, the Company purchased fixed
assets totaling $486,948 from Daqo Group and had $1,339,128 due to Daqo Group as of December 31, 2014.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Related party transactions with Zhenjiang
Daqo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2012, the Company sold $2,179,723 in wafers
and $619,705 in polysilicon to Zhenjiang Daqo.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013, the Company sold $8,871,220 in wafers
and $4,600,646 in polysilicon to Zhenjiang Daqo.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, the Company sold $ 6,534,133 in wafers
and $3,020,187 in polysilicon to Zhenjiang Daqo.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Related party transactions with Daqo
Solar</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2012, the Company entered into a polysilicon
sales contract with Daqo Solar, and $13,497,973 in advance payments was received as of December 31, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013, the Company received interest free
loans of $76,881,392 from Daqo Solar and repaid $28,379,678 during the same year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, the Company received interest free
loans of $157,241,390 from Daqo Solar and repaid $166,231,092 during the same year. Further, the Company sold $9,595,680 in wafer
to Daqo Solar.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Related party transactions with Xinjiang
Daqo Investment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2012, the Company entered into a polysilicon
sales contract with Xinjiang Daqo Investment, and $2,354,620 in advance payments was received as of December 31, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013, the Company received interest free
loans of $58,389,643 from Xinjiang Daqo Investment and repaid $40,193,785 during the same year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, the Company received interest free
loans of $98,367,234 from Xinjiang Daqo Investment and repaid $93,219,846 during the same year.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Related party transactions with Nanjing
Daqo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In August 2012, the Company entered into a
one-year loan agreement with Nanjing Daqo, to lend Nanjing Daqo $1,584,820 (RMB10 million). The interest rate is fixed at 6%. In
addition, the Company also sold $80,126 in cells to Nanjing Daqo.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013, the Company agreed with Nanjing Daqo
to extend the loan for one more year, interest free.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, the Company received interest free
loans of $973,898 from Nanjing Daqo and repaid $2,921,693 during the same year. In addition, the Company also sold $112 polysilicon
to Nanjing Daqo.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Related party transactions with Daqo
New Material</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Daqo New Material was a variable interest entity
of Chongqing Daqo, and the Company deconsolidated Daqo New Material on December 31, 2013. In 2014, the Company received interest
free loans of $7,729,501 from Daqo New Material and repaid $4,600,117 during the same year. In addition, the Company recorded
$1,071,287 rental expense in 2014 under the lease agreement with Daqo New Material.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Related party transactions with other
subsidiaries of Daqo Group</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2012, the Company purchased equipment and
raw material from other subsidiaries of Daqo Group at the cost of $202,556 and $5,282, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2013, the Company purchased equipment from
other subsidiaries of Daqo Group at the cost of $157,742.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In 2014, the Company purchased equipment from
other subsidiaries of Daqo Group at the cost of $6,714,476 and received interest free loans of $636 during the same year.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Related party transaction with Duke
Elite Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In February, 2015, Duke Elite Limited, a British
Virgin Islands company wholly owned and controlled by Mr. Xiang Xu, a director of ours and president of Daqo Group, purchased 1,025,641
ADSs, representing 25,641,025 ordinary shares, in an underwritten follow-on offering of the ADSs of the Company, at the same price,
$19.50 per ADS, and on the same terms as the other ADSs offered in the offering.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Employment Agreements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;Item 6. Directors, Senior Management
and Employees &mdash; C. Board Practices &mdash; Employment Agreements.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Share Incentives</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;Item 6. Directors, Senior Management
and Employees &mdash; B. Compensation &mdash; Share Incentive Plans&rdquo; for a description of stock options and other stock purchase
rights we have granted to our directors, officers and other individuals as a group.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">C. Interests of Experts and
Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_012" TITLE="ITEM 8."></A>ITEM 8. FINANCIAL INFORMATION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. Consolidated Statements
and Other Financial Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;Item 18. Financial Statements.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Legal Proceedings</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are currently not a party to any material
legal or administrative proceedings and we are not aware of any material legal or administrative proceedings threatened against
us. We may from time to time be subject to various legal or administrative proceedings arising in the ordinary course of business.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Dividend Policy</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have not declared or paid any dividends
on our ordinary shares or ADSs. We have no present plan to declare and pay any dividends on our shares or ADSs in the near future.
We currently intend to retain our available funds and any future earnings to operate and expand our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are a holding company incorporated in the
Cayman Islands. We rely on dividends from our subsidiaries in China for our cash needs. Current PRC regulations restrict the ability
of our subsidiaries to pay dividends to us. See &ldquo;Item 3. Key Information &mdash; D. Risk Factors &mdash; Risks Related to
Doing Business in China &mdash; We rely principally on dividends and other distributions on equity paid by our wholly owned operating
subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our operating subsidiaries
to pay dividends to us could have a material adverse effect on our ability to borrow money or pay dividends.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Subject to our Third Amended and Restated Memorandum
and Articles of Association and the applicable laws, our board of directors has complete discretion as to whether to recommend
a distribution of dividends to shareholders, and any distribution is further subject to the approval of our shareholders. Even
if our board of directors decides to recommend dividends, the form, frequency and amount will depend upon our future operations
and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that our
board of directors may deem relevant. If we pay dividends, we will pay our ADS holders to the same extent as holders of our ordinary
shares, subject to the terms of the deposit agreement, including the fees and expenses payable thereunder. Cash dividends on our
ADSs and ordinary shares, if any, will be paid in U.S. dollars.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Significant Changes</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Except as disclosed elsewhere in this annual
report, we have not experienced any significant changes since the date of our audited consolidated financial statements included
in this annual report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_013" TITLE="ITEM 9."></A>ITEM 9. THE OFFER AND LISTING</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. Offering and Listing Details</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our ADSs, each representing 25 ordinary shares,
have been listed on the NYSE since October 7, 2010 and trade under the symbol &ldquo;DQ.&rdquo; Prior to December 21, 2012, each
of our ADS represented five ordinary shares. We effected a change of the ADS to ordinary share ratio on December 21, 2012 from
one ADS representing five ordinary shares to one ADS representing 25 ordinary shares. The ratio change had the same effect as
a 1-for-5 reverse ADS split. The following table provides the high and low trading prices for our ADSs on the NYSE for the periods
indicated. For ease of comparison, the ADS prices before December 21, 2012 have been retroactively adjusted to reflect the ADS
to ordinary share ratio change that took effect on December 21, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Trading&nbsp;Price</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">High</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Low</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Annual High and Low</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; text-align: left">2010 (from October 7, 2010)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">77.15</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">48.50</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">2011</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">74.85</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.05</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">2012</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.75</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.40</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">49.59</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.02</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56.98</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.78</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Quarterly Highs and Lows</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">First Quarter of 2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.70</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.65</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Second Quarter of 2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.66</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.02</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Third Quarter of 2013</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34.80</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.60</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Trading&nbsp;Price</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">High</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Low</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%">Fourth Quarter of 2013</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">49.59</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">23.10</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>First Quarter of 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56.98</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33.71</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Second Quarter of 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46.75</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.78</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Third Quarter of 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.18</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23.55</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Fourth Quarter of 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44.40</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23.06</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>First Quarter of 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29.27</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.70</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Monthly Highs and Lows</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>October 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44.40</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33.00</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>November 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39.36</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29.98</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>December 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30.95</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23.06</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>January 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26.79</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.70</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>February 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.87</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>March 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29.27</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.12</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>April 2015 (through April 16, 2015)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30.82</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.28</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Plan of Distribution</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">C. Markets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;&mdash; A. Offering and Listing
Details.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">D. Selling Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">E. Dilution</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">F. Expenses of the Issue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_014" TITLE="ITEM 10."></A>ITEM 10. ADDITIONAL INFORMATION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. Share Capital</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Memorandum and Articles
of Association</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are a Cayman Islands company and our affairs
are governed by our memorandum and articles of association, as amended from time to time, and the Companies Law of the Cayman Islands,
as amended from time to time, which is referred to as the Companies Law below. The following are summaries of material provisions
of our Third Amended and Restated Memorandum and Articles of Association in effect as of the date of this annual report insofar
as they relate to the material terms of our ordinary shares.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are managed by a board of directors which
shall consist of no less than five members. Our board of directors currently consists of nine members. An appointment of a director
may be in terms that the director shall automatically retire at the next or a subsequent annual general meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Meetings of the board of directors may be convened
at any time deemed necessary by any members of the board of directors in accordance with our Third Amended and Restated Memorandum
and Articles of Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">A meeting of the board of directors shall be
competent to make lawful and binding decisions if a quorum is present. Under our Third Amended and Restated Memorandum and Articles
of Association, the quorum necessary for the transaction of the business of our board of directors may be fixed by the board of
directors and unless so fixed shall be a majority of the directors then in office. At any meeting of the directors, each director,
be it by his presence or by his alternate, is entitled to one vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Questions arising at a meeting of the board
of directors are required to be decided by simple majority votes of the members of the board of directors present or represented
at the meeting. In the case of a tie vote, the resolution shall fail. Our board of directors may also pass resolutions without
a meeting by unanimous written consent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See also &ldquo;Item 6. Directors, Senior Management
and Employees &mdash; C. Board Practices &mdash; Duties of Directors&rdquo; and &ldquo; &mdash; Terms of Directors and Executive
Officers.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Ordinary Shares</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">General</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">All of our outstanding ordinary shares are
fully paid and non-assessable. Certificates representing the ordinary shares are issued in registered form. Our shareholders who
are non-residents of the Cayman Islands may freely hold and vote their shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Dividend Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The holders of our ordinary shares are entitled
to such dividends as may be declared by our board of directors subject to the Companies Law.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Voting Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Each ordinary share is entitled to one vote
on all matters upon which the ordinary shares are entitled to vote. Voting at any meeting of shareholders is by show of hands unless
a poll is demanded. A poll may be demanded by the chairman of our board of directors or any other shareholder holding at least
ten percent of the shares given a right to vote at the meeting, present in person or by proxy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">A quorum required for a meeting of shareholders
consists of at least shareholders holding not less than an aggregate of one-third of all voting share capital of our company in
issue present in person or by proxy and entitled to vote. Shareholders&rsquo; meetings may be held annually and may be convened
by our board of directors on its own initiative or upon a request to the directors by shareholders holding in aggregate not less
than one third of our share capital as at that date carries the right of voting at general meeting of our company. Advance notice
of at least seven days is required for the convening of our annual general meeting and other shareholders meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">An ordinary resolution to be passed by the
shareholders requires the affirmative vote of a simple majority of the votes attaching to the ordinary shares cast in a general
meeting, while a special resolution requires the affirmative vote of no less than two-thirds of the votes cast attaching to the
ordinary shares. A special resolution is required for important matters such as a change of name. Holders of the ordinary shares
may effect certain changes by ordinary resolution, including alter the amount of our authorized share capital, consolidate and
divide all or any of our share capital into shares of larger amount than our existing share capital, and cancel any shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Transfer of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Subject to the restrictions of our Third Amended
and Restated Memorandum and Articles of Association, as applicable, any of our shareholders may transfer all or any of his or her
ordinary shares by an instrument of transfer in the usual or common form or any other form approved by our board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our board of directors may, in its absolute
discretion, decline to register any transfer of any ordinary share which is not fully paid up or on which we have a lien. Our directors
may also decline to register any transfer of any ordinary share unless (a) the instrument of transfer is lodged with us, accompanied
by the certificate for the ordinary shares to which it relates and such other evidence as our board of directors may reasonably
require to show the right of the transferor to make the transfer; (b) the shares conceded are free of any lien in favor of us;
or (c) a fee of such maximum sum as the NYSE may determine to be payable, or such lesser sum as our board of directors may from
time to time require, is paid to us in respect thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If our directors refuse to register a transfer,
they shall, within two months after the date on which the instrument of transfer was lodged, send to each of the transferor and
the transferee notice of such refusal. The registration of transfers may, on 14 days&rsquo; notice being given by advertisement
in such one or more newspapers or by electronic means, be suspended and the register closed at such times and for such periods
as our board of directors may from time to time determine, provided, however, that the registration of transfers shall not be suspended
nor the register closed for more than 30 days.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Liquidation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On a return of capital on winding up or otherwise
(other than on conversion, redemption or purchase of shares), assets available for distribution among the holders of ordinary shares
shall be distributed among the holders of the ordinary shares on a pro rata basis. If our assets available for distribution are
insufficient to repay all of the paid-up capital, the assets will be distributed so that the losses are borne by our shareholders
proportionately.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Redemption of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Subject to the provisions of the Companies
Law, we may issue shares on terms that are subject to redemption, at our option or at the option of the holders, on such terms
and in such manner as may be determined by special resolution.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Variations of Rights of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">All or any of the special rights attached to
any class of shares may, subject to the provisions of the Companies Law, be varied either with the written consent of the holders
of three-fourths of the issued shares of that class or with the sanction of a special resolution passed at a general meeting of
the holders of the shares of that class.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Inspection of Books and Records</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Holders of our ordinary shares will have no
general right under Cayman Islands law to inspect or obtain copies of our list of shareholders or our corporate records. However,
we will provide our shareholders with annual audited financial statements. See &ldquo;&mdash; H. Documents on Display.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Limitations on the Right to Own Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">There are no limitations on the right to own
our shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Disclosure of Shareholder Ownership</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">There are no provisions in our amended and
restated memorandum and articles of association governing the ownership threshold above which shareholder ownership must be disclosed.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Demand Registration Rights and Form
F-3 Registration Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">When we are eligible for registration on Form
F-3, holders of at least 10% of our outstanding registrable securities have the right to request that we file registration statements
under Form F-3 covering the offer and sale of their securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We, however, are not obligated to effect a
demand registration or a Form F-3 registration if, among other things, (1) we notify the requesting holder of the registrable securities
of our intention to make a public offering within 180 days, (2) the dollar amount of securities to be sold is of an aggregate price
to the public of less than $5,000,000, or (3) we provide the requesting holders a certificate signed by our chief executive officer
stating that in the good faith judgment of the board of directors the filing of such a registration statement will be materially
detrimental to us and our shareholders. In the case of (3), we cannot exercise the deferral right more than once in any 12-month
period.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">No Sinking Fund</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our ordinary shares are not subject to sinking
fund provisions.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">C. Material Contracts</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have not entered into any material contracts
other than in the ordinary course of business and other than those described in &ldquo;Item 4. Information on the Company &mdash;
B. Business Overview&rdquo; or elsewhere in this annual report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">D. Exchange Controls</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">See &ldquo;Item 4. Information on the Company
&mdash; B. Business Overview &mdash; Regulation &mdash; Foreign Currency Exchange.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">E. Taxation</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Cayman Islands Taxation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The Cayman Islands currently levies no taxes
on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature of inheritance
tax or estate duty. There are no other taxes likely to be material to us levied by the Government of the Cayman Islands except
for stamp duties which may be applicable on instruments executed in, or brought within the jurisdiction of the Cayman Islands.
The Cayman Islands is not party to any double tax treaties. There are no exchange control regulations or currency restrictions
in the Cayman Islands.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Chinese Taxation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under the PRC tax laws effective prior to January
1, 2008, dividends paid to foreign investors by foreign-invested enterprises, such as dividends paid to us by our PRC subsidiaries,
were exempt from PRC withholding tax. Under the PRC Enterprise Income Tax Law and its implementation rules effective on January
1, 2008, all domestic and foreign-invested companies in China are subject to a uniform enterprise income tax at the rate of 25%
and dividends from a PRC subsidiary to its foreign parent company are subject to a withholding tax at the rate of 10%, unless such
foreign parent company&rsquo;s jurisdiction of incorporation has a tax treaty with China that provides for a reduced rate of withholding
tax, or the tax is otherwise exempted or reduced pursuant to the PRC tax laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Under the EIT Law, enterprises organized under
the laws of jurisdictions outside China with their &ldquo;de facto management bodies&rdquo; located within China are considered
PRC resident enterprises and therefore are subject to PRC enterprise income tax at the rate of 25% on their worldwide income. Under
the implementation rules of the EIT Law, &ldquo;de facto management bodies&rdquo; is defined as the bodies that have material and
overall management and control over the business operations, personnel and human resources, finances and treasury, and acquisition
and disposition of properties and other assets of an enterprise. In addition, a circular issued by the State Administration of
Taxation on April 22, 2009 provides that a &ldquo;foreign enterprise controlled by a PRC company or a PRC company group&rdquo;
will be classified as a &ldquo;resident enterprise&rdquo; with its &ldquo;de facto management bodies&rdquo; located within China
if the following requirements are satisfied: (i) the senior management and core management departments in charge of its daily operations
function mainly in the PRC; (ii) its financial and human resources decisions are subject to determination or approval by persons
or bodies in the PRC; (iii) its major assets, accounting books, company seals, and minutes and files of its board and shareholders&rsquo;
meetings are located or kept in the PRC; and (iv) more than half of the enterprise&rsquo;s directors or senior management with
voting rights reside in the PRC. However, it remains unclear how PRC tax authority will treat an overseas company controlled by
PRC natural persons rather than PRC enterprises like Daqo Cayman. The criteria set forth above do not apply to Daqo Cayman directly
because Daqo Cayman is currently beneficially owned by Chinese individuals and is not a &ldquo;foreign enterprise controlled by
a PRC company or a PRC company group.&rdquo; However, such criteria may be considered relevant in determining Daqo Cayman&rsquo;s
residence. Therefore, we cannot assure you that Daqo Cayman will not be deemed a PRC resident enterprise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If Daqo Cayman were classified as a PRC resident
enterprise under the EIT Law, enterprise ADS holders who are not Chinese residents may be subject to a 10% withholding tax (20%
in the case of individual ADS holders who are not Chinese residents) upon dividends payable by Daqo Cayman, and 10% tax on gains
realized upon the sale or other disposition of our ADSs (20% in the case of individual ADS holders who are not Chinese residents).
In addition, the EIT law and regulations also provide that, if a resident enterprise directly invests in another resident enterprise,
the dividends received by the investing resident enterprise from the invested resident enterprise are exempted from income tax,
subject to certain conditions. Therefore, if Daqo Cayman is classified as resident enterprise under the EIT Law, the dividends
we receive from our Chinese subsidiaries may be exempted from withholding tax.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">United States Federal Income Tax Considerations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following discussion is a summary of United
States federal income tax considerations relating to the ownership and disposition of our ADSs or ordinary shares by U.S. Holders
(as defined below) that hold ADSs or ordinary shares as &ldquo;capital assets&rdquo; (generally, property held for investment)
under the United States Internal Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;). This discussion is based upon existing
U.S. federal income tax law as in effect on the date of this annual report, which is subject to differing interpretations or change,
possibly with retroactive effect. This discussion does not address all aspects of United States federal income taxation that may
be important to particular investors in light of their individual investment circumstances, including investors subject to special
tax rules that differ significantly from those discussed below (for example, financial institutions, insurance companies, broker-dealers,
partnerships and their partners, and tax-exempt organizations (including private foundations), investors who are not U.S. Holders,
investors who own (directly, indirectly, or constructively) 10% or more of our voting stock, investors that will hold their ADSs
or ordinary shares as part of a straddle, hedge, conversion, constructive sale, or other integrated transaction for United States
federal income tax purposes, investors that are traders in securities that have elected the mark-to-market method of accounting,
or investors that have a functional currency other than the United States dollar). In addition, this discussion does not address
U.S. federal estate, gift, Medicare, and alternative minimum tax, or any non-United States, state, or local tax considerations,
relating to the ownership and disposition of our ADSs or ordinary shares. Each U.S. Holder is urged to consult its tax advisor
regarding the United States federal, state, local, and non-United States income and other tax considerations of an investment in
ADSs or ordinary shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">General</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">For purposes of this discussion, a &ldquo;U.S.
Holder&rdquo; is a beneficial owner of our ADSs or ordinary shares that is, for United States federal income tax purposes, (i)
an individual who is a citizen or resident of the United States, (ii) a corporation, or other entity taxable as a corporation for
United States federal income tax purposes, created in, or organized under the law of the United States or any state thereof or
the District of Columbia, (iii) an estate the income of which is includible in gross income for United States federal income tax
purposes regardless of its source, or (iv) a trust (A) the administration of which is subject to the primary supervision of a United
States court and which has one or more United States persons who have the authority to control all substantial decisions of the
trust or (B) that has otherwise validly elected to be treated as a United States person under the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If a partnership (or other entity treated as
a partnership for United States federal income tax purposes) is a beneficial owner of our ADSs or ordinary shares, the tax treatment
of a partner in the partnership will generally depend upon the status of the partner and the activities of the partnership. Partnerships
and partners of a partnership holding our ADSs or ordinary shares are urged to consult their tax advisors regarding an investment
in our ADSs or ordinary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">For United States federal income tax purposes,
it is generally expected that a U.S. Holder of ADSs will be treated as the beneficial owner of the underlying shares represented
by the ADSs. The remainder of this discussion assumes that a U.S. Holder of our ADSs will be treated in this manner. Accordingly,
deposits or withdrawals of ordinary shares for ADSs will generally not be subject to United States federal income tax.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Passive Foreign Investment Company
Considerations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">A non-United States corporation, such as our
company, will be classified as a &ldquo;passive foreign investment company&rdquo; (or a &ldquo;PFIC&rdquo;), for United States
federal income tax purposes for any taxable year, if either (i) 75% or more of its gross income for such year consists of certain
types of &ldquo;passive&rdquo; income or (ii) 50% or more of the value of its assets (determined on the basis of a quarterly average)
produce or are held for the production of passive income. For this purpose, cash and assets readily convertible into cash are categorized
as passive assets and the company&rsquo;s goodwill and other unbooked intangibles are generally taken into account for determining
the value of its assets. We will be treated as owning our proportionate share of the assets and earning our proportionate share
of the income of any other corporation in which we own, directly or indirectly, more than 25% (by value) of the stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Based on our current income and assets, we
do not expect to be classified as a PFIC for the current taxable year and we do not anticipate becoming a PFIC in future taxable
years, although there can be no assurance in this regard. Although we do not currently expect that our assets or activities will
change in a manner that would cause us to become a PFIC for our current taxable year or the foreseeable future, there can be no
assurance our business plans will not change in a manner that will affect our PFIC status. Because there are uncertainties in the
application of the relevant rules and PFIC status is a fact-intensive determination made on an annual basis, no assurance can be
given that we are not or will not become classified as a PFIC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The discussion below under &ldquo;Dividends&rdquo;
and &ldquo;Sale or Other Disposition of ADSs or Ordinary Shares&rdquo; is written on the basis that we will not be classified as
a PFIC for United States federal income tax purposes. The United States federal income tax rules that apply if we are classified
as a PFIC for the current taxable year or any subsequent taxable year are generally discussed below under &ldquo;Passive Foreign
Investment Company Rules.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Dividends</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Subject to the PFIC rules discussed below,
any cash distributions (including the amount of any taxes withheld) paid on ADSs or ordinary shares out of our current or accumulated
earnings and profits, as determined under United States federal income tax principles, will generally be includible in the gross
income of a U.S. Holder as dividend income on the day actually or constructively received by the depositary in the case of ADSs
or by a U.S. Holder in the case of ordinary shares. Because we do not intend to determine our earnings and profits on the basis
of United States federal income tax principles, any distribution paid will generally be reported as a &ldquo;dividend&rdquo; for
United States federal income tax purposes. A non-corporate recipient will be subject to tax at the lower capital gain tax rate
applicable to &ldquo;qualified dividend income,&rdquo; provided that certain conditions are satisfied, including that (1) the ADSs
or ordinary shares, as applicable, are readily tradable on an established securities market in the United States, or, if we are
eligible for the benefits of a comprehensive tax treaty with the United States which the Secretary of Treasury of the United States
determines is satisfactory for purposes of this provision and which includes an exchange of information program, (2) we are neither
a passive foreign investment company nor treated as such with respect to you (as discussed below) for the taxable year in which
the dividend was paid and the preceding taxable year, and (3) certain holding period requirements are met. Our ADSs are listed
on the NYSE, which is an established securities market in the United States, and will be considered readily tradable on an established
securities market for as long as the ADSs continue to be listed on the NYSE. There can be no assurance that our ADSs will be considered
readily tradable on an established securities market in the United States in later years. Since we do not expect that our ordinary
shares will be listed on an established securities market in the United States, it is unclear whether the dividends that we pay
on our ordinary shares that are not backed by ADSs currently meet the conditions required for the reduced tax rate. However, in
the event our company is deemed to be a PRC resident enterprise under the PRC Enterprise Income Tax Law (see &ldquo;Chinese Taxation&rdquo;
above), we may be eligible for the benefits of the United States-PRC income tax treaty (which the Secretary of the Treasury of
the United States has determined is satisfactory for this purpose) and dividends paid with respect to our ADSs or ordinary shares,
regardless of whether they are backed by our ADSs, will be treated as qualified dividend income. U.S. Holders are urged to consult
their tax advisors regarding the availability of the reduced tax rate on dividends with respect to our ADSs or ordinary shares
in their particular circumstances. Dividends received on the ADSs or ordinary shares are not expected to be eligible for the dividends-received
deduction allowed to corporations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Dividends will generally be treated as income
from foreign sources for United States foreign tax credit purposes. In the event that we are deemed to be a PRC resident enterprise
under the PRC Enterprise Income Tax Law, a U.S. Holder may be subject to PRC withholding taxes on dividends paid on our ADSs or
ordinary shares. A U.S. Holder may be eligible, subject to a number of complex limitations, to claim a foreign tax credit in respect
of any foreign withholding taxes imposed on dividends received on ADSs or ordinary shares. A U.S. Holder who does not elect to
claim a foreign tax credit for foreign tax withheld may instead claim a deduction for United States federal income tax purposes,
in respect of such withholdings, but only for a year in which such U.S. Holder elects to do so for all creditable foreign income
taxes. The rules governing the foreign tax credits are complex. Accordingly, each U.S. Holder is advised to consult with its tax
advisor regarding the availability.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: left; margin-bottom: 0">Sale or Other Disposition of ADSs
or Ordinary Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Subject to the PFIC rules discussed below,
a U.S. Holder will generally recognize capital gain or loss upon the sale or other disposition of ADSs or ordinary shares in an
amount equal to the difference between the amount realized upon the disposition and the U.S. Holder&rsquo;s adjusted tax basis
in such ADSs or ordinary shares. Any capital gain or loss will be long-term if the ADSs or ordinary shares have been held for more
than one year and will generally be United States-source gain or loss for United States foreign tax credit purposes. Long-term
capital gain of noncorporate U.S. Holders is generally eligible for a reduced rate of tax. The deductibility of a capital loss
may be subject to limitations. In the event that we are treated as a PRC resident enterprise under the PRC Enterprise Income Tax
Law and gain from the disposition of ADSs or ordinary shares is subject to the tax in the PRC, a U.S. Holder that is eligible for
the benefits of the income tax treaty between the United States and the PRC may elect to treat the gain as PRC-source income. U.S.
Holders are urged to consult with their tax advisors regarding the tax consequences if a foreign withholding tax is imposed on
a disposition of our ADSs or ordinary shares, including the availability of a foreign tax credit under their particular circumstances.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;&nbsp;</I></B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Passive Foreign Investment
Company Rules</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If we are classified as a PFIC for any taxable
year during which a U.S. Holder holds our ADSs or ordinary shares, and unless the U.S. Holder makes a mark-to-market election (as
described below), the U.S. Holder will generally be subject to special tax rules that have a penalizing effect, regardless of whether
we remain a PFIC, on (i) any excess distribution that we make to the U.S. Holder (which generally means any distribution paid during
a taxable year to a U.S. Holder that is greater than 125 percent of the average annual distributions paid in the three preceding
taxable years or, if shorter, the U.S. Holder&rsquo;s holding period for the ADSs) or ordinary shares and (ii) any gain realized
on the sale or other disposition, including a pledge, of ADSs or ordinary shares. Under these PFIC rules:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>such excess distribution or gain will be allocated ratably over the U.S. Holder&rsquo;s holding period for the ADSs or ordinary
shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the amount allocated to the current taxable year, and any taxable years in the U.S. Holder&rsquo;s holding period prior to
the first taxable year in which we were a PFIC (a &ldquo;pre-PFIC year&rdquo;), will be taxable as ordinary income;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the amount allocated to each prior taxable year, other than a pre-PFIC year, will be subject to tax at the highest tax rate
in effect applicable to the U.S. Holder for each such year; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>an additional tax equal to the interest charge generally applicable to underpayments of tax will be imposed on the tax attributable
to each prior taxable year, other than a pre-PFIC year.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If we are a PFIC for any taxable year during
which a U.S. Holder holds our ADSs or ordinary shares and any of our non-United States subsidiaries is also a PFIC, such U.S. Holder
would be treated as owning a proportionate amount (by value) of the shares of the lower-tier PFIC for purposes of the application
of these rules. Each U.S. Holder is advised to consult its tax advisors regarding the application of the PFIC rules to any of our
subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">A U.S. Holder of &ldquo;marketable stock&rdquo;
in a PFIC may make a mark-to-market election with respect to our ADSs to elect out of the tax treatment discussed above, provided
that the ADSs are regularly traded on the NYSE. We anticipate that the ADSs should qualify as being regularly traded on the NYSE,
but no assurances may be given in this regard. If a U.S. Holder makes a mark-to-market election for the ADSs (but not our ordinary
shares), such U.S. Holder will include in income for each year that we are treated as a PFIC with respect to such U.S. Holder an
amount equal to the excess, if any, of the fair market value of the ADSs as of the close of the U.S. Holder&rsquo;s taxable year
over the U.S. Holder&rsquo;s adjusted basis in such ADSs. A U.S. Holder will be allowed a deduction for the excess, if any, of
the adjusted basis of the ADSs over their fair market value as of the close of the taxable year. However, deductions will be allowable
only to the extent of any net mark-to-market gains on the ADSs included in a U.S. Holder&rsquo;s income for prior taxable years.
Amounts included in a U.S. Holder&rsquo;s income under a mark-to-market election, as well as gain on the actual sale or other disposition
of the ADSs, will be treated as ordinary income. Ordinary loss treatment will also apply to the deductible portion of any mark-to-market
loss on the ADSs, as well as to any loss realized on the actual sale or disposition of the ADSs, to the extent that the amount
of such loss does not exceed the net mark-to-market gains previously included for such ADSs. A U.S. Holder&rsquo;s basis in the
ADSs will be adjusted to reflect any such income or loss amounts resulting from the mark-to-market election.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Because a mark-to-market election cannot be
made for equity interests in any lower-tier PFICs that we own, a U.S. Holder may continue to be subject to the PFIC rules with
respect to its indirect interest in any investments held by us that are treated as an equity interest in a PFIC for United States
federal income tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We do not intend to prepare or provide the
information that would enable a U.S. Holder to make a qualified electing fund election (&ldquo;QEF Election&rdquo;), which, if
available, would result in tax treatment different from the general tax treatment for PFICs described above. Accordingly, each
U.S. Holder should assume that the QEF Election will not be available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If a U.S. Holder holds ADSs or ordinary shares
in any year in which we are treated as a PFIC with respect to such U.S. Holder, the U.S. Holder would generally be required to
file United States Internal Revenue Service Form 8621. U.S. Holders are urged to consult their tax advisors regarding the application
of the PFIC rules to their investment in ADSs or ordinary shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Information Reporting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">U.S. Holders may be subject to information
reporting to the Internal Revenue Service with respect to dividends on and proceeds from the sale or other disposition of our ADSs
or ordinary shares. Each U.S. Holder is advised to consult its tax advisor regarding the application of the United States information
reporting rules to their particular circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">In addition, U.S. Holders who hold &ldquo;specified
foreign financial assets,&rdquo; including stock of a non-U.S. corporation that is not held in an account maintained by a &ldquo;financial
institution,&rdquo; and whose aggregate value of all foreign financial assets exceeds $50,000 during the tax year (or a higher
dollar amount prescribed by the Internal Revenue Service) may be required to attach to their tax return for the year certain information
relating to such specified foreign financial assets as required by the Internal Revenue Service. A U.S. Holder who fails to timely
furnish the required information may be subject to penalties. Each U.S. Holder is advised to consult its tax advisor regarding
its reporting obligations under this legislation.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">F. Dividends and Paying Agents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">G. Statement by Experts</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">H. Documents on Display</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We are subject to the periodic reporting and
other informational requirements of the Securities Exchange Act of 1934 or the Exchange Act. Under the Exchange Act, we are required
to file reports and other information with the SEC. Specifically, we are required to file annually a Form 20-F (1) within six months
after the end of each fiscal year, which is December 31, for fiscal years ending before December 15, 2011; and (2) within four
months after the end of each fiscal year for fiscal years ending on or after December 15, 2011. The SEC maintains a website at
www.sec.gov that contains reports, proxy and information statements, and other information regarding registrants that make electronic
filings with the SEC using its EDGAR system. Copies of reports and other information, when filed, may also be inspected without
charge and may be obtained at prescribed rates at the public reference facilities maintained by the SEC at 100 F Street, N.E.,
Room 1580, Washington, D.C. 20549. The public may obtain information regarding the Washington, D.C. Public Reference Room by calling
the SEC at 1-800-SEC-0330. As a foreign private issuer, we are exempt from the rules under the Exchange Act prescribing the furnishing
and content of quarterly reports and proxy statements, and officers, directors and principal shareholders are exempt from the reporting
and short-swing profit recovery provisions contained in Section 16 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We will furnish JPMorgan Chase Bank, N.A.,
the depositary of our ADSs, with our annual reports, which will include a review of operations and annual audited consolidated
financial statements prepared in conformity with U.S. GAAP, and all notices of shareholders&rsquo; meetings and other reports and
communications that are made generally available to our shareholders. The depositary will make such notices, reports and communications
available to holders of ADSs and, upon our request, will mail to all record holders of ADSs the information contained in any notice
of a shareholders&rsquo; meeting received by the depositary from us.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">I. Subsidiary Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">For a listing of our subsidiaries, see &ldquo;Item
4. Information on the Company &mdash; C. Organizational Structure.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_015" TITLE="ITEM 11."></A>ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES
ABOUT MARKET RISK</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Interest Rate Risk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our exposure to interest rate risk primarily
relates to interest expense incurred on our short-term and long-term borrowings and interest income generated by excess cash which
is mostly held in interest-bearing bank deposits. We have not used any derivative financial instruments to manage our interest
rate risk exposure. As of December 31, 2014, we had outstanding long-term bank borrowings of $146.7 million mostly bearing floating
rates which are subject to adjustment every 12 months based upon the PRC government&rsquo;s standard interest rate. The weighted
average interest rate as of December 31, 2014 for the long-term bank borrowings was 6.9%. We are currently not engaged in any interest
rate hedging activities. A hypothetical five percentage point increase in interest rates would have resulted in an increase of
approximately $0.8 million in our interest expense for the year ended December 31, 2014.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Foreign Exchange Risk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Substantially all of our revenues and most
of our expenses are denominated in RMB. Our exposure to foreign exchange risk primarily relates to (1) the Euro or U.S. dollar
income or that we may generate in the future for sale of our photovoltaic products in the international market, (2) the U.S. dollar
proceeds of a small portion of our initial public offering in October 2010, most or substantially all of which we expect to convert
into RMB over time for the uses discussed under &ldquo;Item 14. Material Modifications to the Rights of Security Holders Use of
Proceeds&rdquo; and (3) the U.S. dollar and Euro denominated equipment purchase prices that we need to pay from time to time. We
believe the impact of foreign currency risk is not material and we have not used any forward contracts, currency borrowings or
derivative instruments to hedge our exposure to foreign currency exchange risk. Although in general our exposure to foreign exchange
risks should be limited, the value of your investment in our ADSs will be affected by the foreign exchange rate between U.S. dollars
and RMB because the value of our business is effectively denominated in RMB, while we use the U.S. dollar as our functional and
reporting currency and the ADSs will be traded in U.S. dollars. The value of the RMB against the U.S. dollar and other currencies
is affected by, among other things, changes in China&rsquo;s political and economic conditions and China&rsquo;s foreign exchange
policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">To the extent that we need to convert U.S.
dollars into RMB for our operations, acquisitions or other uses within China, appreciation of the RMB against the U.S. dollar would
have an adverse effect on the RMB amount we receive from the conversion. To the extent that we seek to convert RMB into U.S. dollars,
depreciation of the RMB against the U.S. dollar would have an adverse effect on the U.S. dollar amount we receive from the conversion.
As of December 31, 2014, we had RMB-denominated cash, cash equivalents, and short-term investments of RMB151.2 million and U.S.
dollar-denominated cash, cash equivalents and short-term investments of $4.9 million. Assuming we had converted the U.S. dollar-denominated
cash, cash equivalents and short-term investments of $4.9 million into RMB at the exchange rate of $1.00 for RMB6.2067 as of December
31, 2014, this cash, cash equivalents and short-term investments would have been RMB30.4 million. Assuming a 10% appreciation of
the RMB against the U.S. dollar, this cash, cash equivalents and short-term investments would have decreased to RMB27.4 million.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_016" TITLE="ITEM 12."></A>ITEM 12. DESCRIPTION OF SECURITIES OTHER
THAN EQUITY SECURITIES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">A. Debt Securities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">B. Warrants and Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">C. Other Securities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">D. American Depositary Shares</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Fees and Charges Our ADS Holders May Have
to Pay</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As an ADS holder, you will be required to pay
the following service fees to the depositary bank:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The depositary may charge each person to whom
ADSs are issued, including, without limitation, issuances against deposits of shares, issuances in respect of share distributions,
rights and other distributions, issuances pursuant to a stock dividend or stock split declared by us or issuances pursuant to a
merger, exchange of securities or any other transaction or event affecting the ADSs or deposited securities, and each person surrendering
ADSs for withdrawal of deposited securities or whose ADSs are cancelled or reduced for any other reason, $5.00 for each 100 ADSs
(or any portion thereof) issued, delivered, reduced, cancelled or surrendered, as the case may be. The depositary may sell (by
public or private sale) sufficient securities and property received in respect of a share distribution, rights and/or other distribution
prior to such deposit to pay such charge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following additional charges shall be incurred
by the ADS holders, by any party depositing or withdrawing shares or by any party surrendering ADSs or to whom ADSs are issued
(including, without limitation, issuance pursuant to a stock dividend or stock split declared by us or an exchange of stock regarding
the ADSs or the deposited securities or a distribution of ADSs), whichever is applicable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a fee of $1.50 per ADR or ADRs for transfers of certificated or direct registration ADRs;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a fee of up to $0.05 per ADS for any cash distribution made pursuant to the deposit agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a fee of up to $0.05 per ADS per calendar year (or portion thereof) for services performed by the depositary in administering
the ADRs (which fee may be charged on a periodic basis during each calendar year and shall be assessed against holders of ADRs
as of the record date or record dates set by the depositary during each calendar year and shall be payable in the manner described
in the next succeeding provision);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>reimbursement of such fees, charges and expenses as are incurred by the depositary and/or any of the depositary&rsquo;s agents
(including, without limitation, the custodian and expenses incurred on behalf of holders in connection with compliance with foreign
exchange control regulations or any law or regulation relating to foreign investment) in connection with the servicing of the shares,
the delivery of deposited securities or otherwise in connection with the depositary&rsquo;s or its custodian&rsquo;s compliance
with applicable law, rule or regulation (which charge shall be assessed on a proportionate basis against holders as of the record
date or dates set by the depositary and shall be payable at the sole discretion of the depositary by billing such holders or by
deducting such charge from one or more cash dividends or other cash distributions);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a fee for the distribution of securities (or the sale of securities in connection with a distribution), such fee being in an
amount equal to the fee for the execution and delivery of ADSs which would have been charged as a result of the deposit of such
securities (treating all such securities as if they were shares) but which securities or the net cash proceeds from the sale thereof
are instead distributed by the depositary to those holders entitled thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>stock transfer or other taxes and other governmental charges;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>cable, telex and facsimile transmission and delivery charges incurred at your request in connection with the deposit or delivery
of shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>transfer or registration fees for the registration of transfer of deposited securities on any applicable register in connection
with the deposit or withdrawal of deposited securities; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>expenses of the depositary in connection with the conversion of foreign currency into U.S. dollars.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">ADR holders must pay any tax or other governmental
charge payable by the custodian or the depositary on any ADS or ADR, deposited security or distribution. If an ADR holder owes
any tax or other governmental charge, the depositary may (i) deduct the amount thereof from any cash distributions, or (ii) sell
deposited securities (by public or private sale) and deduct the amount owing from the net proceeds of such sale. In either case
the ADR holder remains liable for any shortfall. Additionally, if any tax or governmental charge is unpaid, the depositary may
also refuse to effect any registration, registration of transfer, split-up or combination of deposited securities or withdrawal
of deposited securities until such payment is made. If any tax or governmental charge is required to be withheld on any cash distribution,
the depositary may deduct the amount required to be withheld from any cash distribution or, in the case of a non-cash distribution,
sell the distributed property or securities (by public or private sale) to pay such taxes and distribute any remaining net proceeds
to the ADR holders entitled thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We will pay all other charges and expenses
of the depositary and any agent of the depositary (except the custodian) pursuant to agreements from time to time between us and
the depositary. The depositary collects its fees for issuance and cancellation of ADSs directly from investors depositing shares
or surrendering ADSs for the purpose of withdrawal or from intermediaries acting for them. The depositary collects fees for making
distributions to investors by deducting those fees from the amounts distributed or by selling a portion of distributable property
to pay the fees. The depositary may collect its annual fee for depositary services by deduction from cash distributions, or by
directly billing investors, or by charging the book-entry system accounts of participants acting for them. The depositary may generally
refuse to provide services to any holder until the fees and expenses owing by such holder for those services or otherwise are paid.
The charges described above may be amended from time to time by agreement between us and the depositary.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Fees and Other Payments Made by the Depositary
to Us</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The depositary bank may reimburse us
for certain expenses incurred by us in respect of the ADR program established pursuant to the deposit agreement, by
making available a set amount or a portion of the depositary fees charged in respect of the ADR program or otherwise, upon
such terms and conditions as we and the depositary bank may agree from time to time. For the year ended December 31, 2014, we
did not receive any payment from the depositary as reimbursement for our expenses incurred in connection with the
establishment and maintenance of the ADS program. In December 2012, we instructed the depositary bank to change the ratio of
shares of our company by each ADS from five shares to twenty five shares per ADS. In accordance with the agreement between
our company and the depositary bank, the latter ceased any reimbursement and waiver, and charged &ldquo;Termination/Revision
Fees&rdquo; of $1 million to our company.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in"><A NAME="b_017" TITLE="PART II"></A>PART
II</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_018" TITLE="ITEM 13."></A>ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND
DELINQUENCIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_019" TITLE="ITEM 14."></A>ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS
OF SECURITY HOLDERS AND USE OF PROCEEDS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following &ldquo;Use of Proceeds&rdquo;
information relates to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the registration statement on Form F-1, as amended (File Number 333-164307) for our initial public offering of 9,200,000 ADSs,
representing 46,000,000 ordinary shares, which registration statement was declared effective by the SEC on October 6, 2010;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the registration statement on Form F-3 (File number: 333-195239) to register up to US$150,000,000 of our ordinary shares, including
ordinary shares represented by ADSs, preferred shares and warrants, which became effective on May 2, 2014, together with the prospectus
supplement dated May 15, 2014, pursuant to which 2,000,000 ADSs, representing 50,000,000 ordinary shares, were offered and sold
by us at an offering price of $29.00 per share, or the May 2014 offering. Credit Suisse Securities (USA) LLC acted as the underwriter
in the May 2014 offering; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the registration statement on Form F-3 (File number: 333-201223) to register up to US$150,000,000 of our ordinary shares, including
ordinary shares represented by ADSs, preferred shares and warrants, which became effective on January 7, 2015, together with the
prospectus supplement dated February 5, 2015, pursuant to which 1,540,000 ADSs, representing 38,500,000 ordinary shares, were offered
and sold by us at an offering price of $19.50 per ADS, or the February 2015 offering. Credit Suisse Securities (USA) LLC acted
as the underwriter in the February 2015 offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We received net proceeds of $54.6 million from
our May 2014 offering. Our expenses incurred and paid to others in connection with the May 2014 offering totaled $3.4 million,
which included $2.6 million for underwriting discounts, $23,500 for reimbursement of the underwriter for FINRA-related expenses
and $0.8&nbsp;million for other expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We received net proceeds of US$28.0 million
from our February 2015 offering. Our expenses incurred and paid to others in connection with the May 2014 offering totaled $2.1
million, which included $1.4 million for underwriting discounts, $23,050 reimbursement of the underwriter for FINRA-related expenses
and $0.7&nbsp;million for other expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">As of December 31, 2014, we have used all
of the net proceeds received from our initial public offering and May 2014 offering. Of the net proceeds from our May 2014
offering, as of December 31, 2014, $25.3 million was used for construction of plant, building and facilities, and $29.3 for
purchase and installation of machinery and equipment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">None of the payments described in this Item
were direct or indirect payments to our directors, officers, general partners or their associates, or any persons owning 10% or
more of our ordinary shares, or our affiliates.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_020" TITLE="ITEM 15."></A>ITEM 15. CONTROLS AND PROCEDURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Disclosure Controls and Procedures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We maintain disclosure controls and procedures
designed to provide reasonable assurance that information required to be disclosed in reports filed under the Exchange Act is recorded,
processed, summarized and reported within the specified time periods and accumulated and communicated to our management, including
our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.
Our management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness
of our disclosure controls and procedures, as defined in Rules 13a-15(e) or 15d-15(e) promulgated under the Exchange Act, at December
31, 2014. Based on that evaluation, our chief executive officer and chief financial officer concluded that, as of that date, our
disclosure controls and procedures required by Rules 13a-15(b) or 15d-15(b) were effective as of December 31, 2014.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Management&rsquo;s Report On Internal Control
Over Financial Reporting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our management is responsible for establishing
and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under
the Exchange Act of 1934. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of consolidated financial statements in accordance with U.S. GAAP. Because
of its inherent limitations, a system of internal control over financial reporting may not prevent or detect misstatements. Projections
of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes
in conditions, or that the degree of compliance with the policies and procedures may deteriorate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our management conducted an assessment of the
effectiveness of our internal control over financial reporting as of December 31, 2014. In making this assessment, it used the
criteria established within the Internal Control&mdash;Integrated Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission (COSO) (2013 framework). Based on this assessment, our management has concluded that, as of December
31, 2014, our internal control over financial reporting was effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Deloitte Touche Tohmatsu Certified Public Accountants
LLP, an independent registered public accounting firm, who audited our consolidated financial statements for the year ended December
31, 2014, has also audited the effectiveness of internal control over financial reporting as of December 31, 2014.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Changes in Internal Control over Financial
Reporting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">There have not been any changes in our internal
control over financial reporting in the year ended December 31, 2014, which have materially affected, or are reasonably likely
to materially affect, our internal control over financial reporting.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_021" TITLE="ITEM 16A."></A>ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our board of directors has determined that
Mr. Arthur Wong, an independent director (under the standards set forth in Section 303A of the Corporate Governance Rules of the
NYSE and Rule 10A-3 under the Exchange Act), and the chairman of our audit committee, is our audit committee financial expert.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_022" TITLE="ITEM 16B."></A>ITEM 16B. CODE OF ETHICS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Our board of directors has adopted a code of
ethics that applies to our directors, officers, employees and agents, including certain provisions that specifically apply to our
chief executive officer, chief financial officer, chief marketing officer, chief operating officer, chief technology officer, vice
presidents and any other persons who perform similar functions for us. We have posted a copy of our code of business conduct and
ethics on our website at http://dqsolar.investorroom.com/.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: left; margin-bottom: 0"><A NAME="b_023" TITLE="ITEM 16C."></A>ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND
SERVICES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following table sets forth the aggregate
fees by categories specified below in connection with certain professional services rendered by Deloitte Touche Tohmatsu Certified
Public Accountants LLP, our independent registered public accounting firm, for the periods indicated. We did not pay any other
fees to our independent registered public accounting firm during the periods indicated below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center">(in US$ thousands)</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%">Audit fees<SUP>(1)</SUP></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">700</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">700</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">890</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Tax fees<SUP>(2)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>&ldquo;Audit fees&rdquo; means the aggregate fees billed for professional services rendered by our independent registered public
accounting firm for the audit of our annual financial statements and the review of our comparative interim financial statements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD><FONT STYLE="font-size: 10pt">&ldquo;Tax fees&rdquo; represents the aggregate fees billed for professional services rendered
by our independent registered public accounting firm for tax compliance, tax advice, and tax planning.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The policy of our audit committee is to pre-approve
all audit and non-audit services provided by Deloitte Touche Tohmatsu Certified Public Accountants LLP, including audit services,
audit-related services, tax services and other services as described above, other than those for de minimis services which are
approved by the audit committee prior to the completion of the audit.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_024" TITLE="ITEM 16D"></A>ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS
FOR AUDIT COMMITTEES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_025" TITLE="ITEM 16E."></A>ITEM 16E. PURCHASES OF EQUITY SECURITIES
BY THE ISSUER AND AFFILIATED PURCHASERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">On July 23, 2013, our board of directors authorized
a share repurchase program, whereby our company may repurchase up to US$3 million of our ordinary shares or ADSs from July 23,
2013 to July 22, 2014. The share repurchase program was publicly announced on July 23, 2013. The following table sets forth some
additional information about our repurchases made under this program as of the date of this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total<BR> Number&nbsp;of<BR> ADSs<BR> Purchased</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average<BR> Price&nbsp;Paid<BR> per&nbsp;ADS<BR> ($)</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total<BR> Number&nbsp;of<BR> ADSs<BR> Purchased&nbsp;as<BR> Part&nbsp;of<BR> Publicly<BR> Announced<BR> Plans&nbsp;or<BR> Programs</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Maximum<BR> Dollar&nbsp;Value<BR> of&nbsp;ADSs&nbsp;that<BR> May&nbsp;Yet&nbsp;be<BR> Purchased<BR> Under&nbsp;the<BR> Plans&nbsp;or<BR> Programs&nbsp;($)</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%">January 1, 2014 &mdash; January 31, 2014</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>February 1, 2014 &mdash; February 28, 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>March 1, 2014 &mdash; March 31, 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>April 1, 2014 &mdash; April 30, 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>May 1, 2014 &mdash; May 31, 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>June 1, 2014 &mdash; June 30, 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>July 1, 2014 &mdash; July 22, 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_026" TITLE="ITEM 16F"></A>ITEM 16F. CHANGE IN REGISTRANT&rsquo;S CERTIFYING
ACCOUNTANT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_027" TITLE="ITEM 16G."></A>ITEM 16G. CORPORATE GOVERNANCE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Certain corporate governance practices in the
Cayman Islands, which is our home country, differ significantly from the NYSE corporate governance listing standards. For example,
neither the Companies Law of the Cayman Islands nor our memorandum and articles of association requires a majority of our directors
to be independent and we could include non-independent directors as members of our compensation committee and nominating committee,
and our independent directors would not necessarily hold regularly scheduled meetings at which only independent directors are present.
If we choose to follow home country practice, our shareholders may be afforded less protection than they otherwise would under
the NYSE corporate governance listing standards applicable to U.S. domestic issuers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Section 312.03(b) of the Corporate Governance
Rules of the NYSE requires shareholder approval for the issuance of common stock, or of securities convertible into common stock,
in any transaction or series of transactions to a &ldquo;related party&rdquo; (which term is defined as a director, officer or
substantial security holder), a subsidiary, affiliate or other closely related person of such related party, or any company or
entity in which a related party has a substantial direct or indirect interest. Under the laws of our jurisdiction of incorporation
or home country, the Cayman Islands, and our currently effective memorandum and articles of association, we are not required to
obtain shareholder approval before issuing ordinary shares to a related party. In February 2015, we followed home country practice
in connection with the offer and sale of 1,025,641 ADSs, representing 25,641,025 ordinary shares, to Duke Elite Limited, an affiliate
of Mr. Xiang Xu, a director of ours and president of Daqo Group, pursuant to an underwritten follow-on offering, and at the same
price and on the same terms as other ADSs offered and sold in the offering, without shareholder approval.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_028" TITLE="ITEM 16H."></A>ITEM 16H. MINE SAFETY DISCLOSURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in"><A NAME="b_029" TITLE="PART III"></A>PART
III</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_030" TITLE="ITEM 17."></A>ITEM 17. FINANCIAL STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">We have elected to provide financial statements
pursuant to &ldquo;Item 18. Financial Statements.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_031" TITLE="ITEM 18"></A>ITEM 18. FINANCIAL STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The consolidated financial statements of Daqo
New Energy Corp. are included at the end of this annual report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><A NAME="b_032" TITLE="ITEM 19."></A>ITEM 19. EXHIBITS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: top; width: 9%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Exhibit</B><BR>
        <B>Number</B></P></TD>
    <TD NOWRAP STYLE="vertical-align: top; width: 1%">
</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 90%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Description
        of Document</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>1.1</TD>
    <TD>&nbsp;</TD>
    <TD>Third Amended and Restated Memorandum and Articles of Association of the Registrant (incorporated herein by reference to Exhibit 4.2 to the registration statement on Form F-1, as amended (File No. 333-164307))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>2.1</TD>
    <TD>&nbsp;</TD>
    <TD>Deposit Agreement among the Registrant, JPMorgan Chase Bank, N.A. as depositary, and holders and beneficial owners of American Depositary Shares evidenced by American Depositary Receipts issued thereunder (incorporated herein by reference to Exhibit 2.1 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>2.2</TD>
    <TD>&nbsp;</TD>
    <TD>Amendment No. 1 to Deposit Agreement among Daqo New Energy Corp. and JPMorgan Chase Bank, N.A. as depositary, and holders of American Depositary Receipts (incorporated herein by reference to Exhibit 2.2 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.1</TD>
    <TD>&nbsp;</TD>
    <TD>2009 Share Incentive Plan (incorporated herein by reference to Exhibit 10.1 to the registration statement on Form F-1, as amended (File No. 333-164307))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.2</TD>
    <TD>&nbsp;</TD>
    <TD>Form of Indemnification Agreement with the Registrant&rsquo;s directors and officers (incorporated herein by reference to Exhibit 10.2 to the registration statement on Form F-1, as amended (File No. 333-164307))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.3</TD>
    <TD>&nbsp;</TD>
    <TD>Form of Employment Agreement between the Registrant and an Executive Officer of the Registrant (incorporated herein by reference to Exhibit 10.3 to the registration statement on Form F-1, as amended (File No. 333-164307))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.4</TD>
    <TD>&nbsp;</TD>
    <TD>English translation of the Trademark License Agreement among Daqo Group, Chongqing Daqo and Nanjing Daqo dated as of May 8, 2009 (incorporated herein by reference to Exhibit 10.27 to the registration statement on Form F-1, as amended (File No. 333-164307))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.5</TD>
    <TD>&nbsp;</TD>
    <TD>Non-Competition Agreement among Daqo Group, Daqo Cayman (formerly known as Mega Stand International Limited) and Chongqing Daqo dated as of July 1, 2008 (incorporated herein by reference to Exhibit 10.28 to the registration statement on Form F-1, as amended (File No.&nbsp;333-164307))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 9%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Exhibit</B><BR>
        <B>Number</B></P></TD>
    <TD STYLE="vertical-align: top; width: 1%">
</TD>
    <TD STYLE="vertical-align: bottom; width: 90%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Description
        of Document</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.6</TD>
    <TD>&nbsp;</TD>
    <TD>English translation of the Loan Agreement between Xinjiang Daqo and Bank of China, Shihezi Branch dated as of September 30, 2011 (incorporated herein by reference to Exhibit 4.22 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2012 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.7</TD>
    <TD>&nbsp;</TD>
    <TD>English translation of the Loan Agreement between Chongqing Daqo and Chongqing Rural Commercial Bank dated as of October 26, 2011 (incorporated herein by reference to Exhibit 4.23 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2012 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.8</TD>
    <TD>&nbsp;</TD>
    <TD>English summary of Loan agreement with China Construction Bank dated as of April 17, 2013 (incorporated herein by reference to Exhibit 4.23 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.9</TD>
    <TD>&nbsp;</TD>
    <TD>English summary of Loan agreement with China Construction Bank dated as of November 6, 2013 (incorporated herein by reference to Exhibit 4.24 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.10</TD>
    <TD>&nbsp;</TD>
    <TD>English summary of Loan agreement with Chongqing Three Gorges Bank dated as of December&nbsp;18, 2013 (incorporated herein by reference to Exhibit 4.25 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.11</TD>
    <TD>&nbsp;</TD>
    <TD>English translation of Lease Contract (Revised Edition) between Daqo New Material and Chongqing Daqo effective as of January 1, 2009 (incorporated herein by reference to Exhibit 4.26 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.12</TD>
    <TD>&nbsp;</TD>
    <TD>English translation of Lease Contract between Daqo New Material and Chongqing Daqo effective as of January 1, 2012 (incorporated herein by reference to Exhibit 4.27 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.13</TD>
    <TD>&nbsp;</TD>
    <TD>English translation of Supplemental Agreement to the Lease Contract between Daqo New Material and Chongqing Daqo effective as of October 1, 2012 (incorporated herein by reference to Exhibit 4.28 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.14</TD>
    <TD>&nbsp;</TD>
    <TD>English translation of Supplemental Agreement to the Lease Contract between Daqo New Material and Chongqing Daqo effective as of January 1, 2014 (incorporated herein by reference to Exhibit 4.29 of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 14, 2014 (File No. 001-34602))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.15*</TD>
    <TD>&nbsp;</TD>
    <TD>Letter of Financial Support from Daqo Group and certain shareholders of the Registrant effective as of December 10, 2014</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.16*</TD>
    <TD>&nbsp;</TD>
    <TD>2014 Share Incentive Plan</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.17*</TD>
    <TD>&nbsp;</TD>
    <TD>Letter of Financial Support from Daqo Group and certain shareholders of the Registrant effective as of March 6, 2015</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>8.1*</TD>
    <TD>&nbsp;</TD>
    <TD>Subsidiaries of the Registrant</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>11.1</TD>
    <TD>&nbsp;</TD>
    <TD>Code of Business Conduct and Ethics of the Registrant (incorporated herein by reference to Exhibit 99.1 to the registration statement on Form F-1, as amended (File No. 333-164307))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>12.1*</TD>
    <TD>&nbsp;</TD>
    <TD>CEO Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>12.2*</TD>
    <TD>&nbsp;</TD>
    <TD>CFO Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>13.1**</TD>
    <TD>&nbsp;</TD>
    <TD>CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>13.2**</TD>
    <TD>&nbsp;</TD>
    <TD>CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>15.1*</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of Deloitte Touche Tohmatsu Certified Public Accountants LLP</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>101.INS*</TD>
    <TD>&nbsp;</TD>
    <TD>XBRL Instance Document</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>101.SCH*</TD>
    <TD>&nbsp;</TD>
    <TD>XBRL Taxonomy Extension Schema Document</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>101.CAL*</TD>
    <TD>&nbsp;</TD>
    <TD>XBRL Taxonomy Extension Calculation Linkbase Document</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>101.DEF*</TD>
    <TD>&nbsp;</TD>
    <TD>XBRL Taxonomy Extension Definition Linkbase Document</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>101.LAB*</TD>
    <TD>&nbsp;</TD>
    <TD>XBRL Taxonomy Extension Label Linkbase Document</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>101.PRE*</TD>
    <TD>&nbsp;</TD>
    <TD>XBRL Taxonomy Extension Presentation Linkbase Document</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">* Filed with this annual report on Form 20-F<BR>
** Furnished with this annual report on Form 20-F</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in"><A NAME="b_033" TITLE="SIGNATURES"></A>SIGNATURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">The registrant hereby certifies that it meets
all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this annual
report on its behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Gongda Yao</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Name:&nbsp;&nbsp;&nbsp;</TD>
    <TD>Gongda Yao</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Title:</TD>
    <TD>Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>April 17, 2015</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 88%; padding-left: 10pt; text-decoration: underline; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U><A HREF="#a_001">Report of Independent Registered Public Accounting Firm</A></U></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">F-2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 10pt; text-decoration: underline; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U><A HREF="#a_002">Consolidated Balance Sheets as of December&nbsp;31, 2013 and 2014</A></U></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">F-4&nbsp;&ndash; F-5</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 10pt; text-decoration: underline; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U><A HREF="#a_003">Consolidated Statements of Operations for the Years Ended December&nbsp;31, 2012, 2013 and 2014</A></U></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">F-6</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 10pt; text-decoration: underline; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U><A HREF="#a_004">Consolidated Statements of Comprehensive (Loss) Income for the Years Ended December&nbsp;31, 2012, 2013 and 2014</A></U></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">F-7</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 10pt; text-decoration: underline; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U><A HREF="#a_005">Consolidated Statements of Changes in Equity for the Years Ended December&nbsp;31, 2012, 2013 and 2014</A></U></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">F-8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 10pt; text-decoration: underline; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U><A HREF="#a_006">Consolidated Statements of Cash Flows for the Years Ended December&nbsp;31, 2012, 2013 and 2014</A></U></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">F-9&nbsp;&ndash;&nbsp;F-10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 10pt; text-decoration: underline; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U><A HREF="#a_007">Notes to Consolidated Financial Statements for the Years Ended December&nbsp;31, 2012, 2013and 2014</A></U></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">F-11&nbsp;&ndash;&nbsp;F-36</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 10pt; text-decoration: underline; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U><A HREF="#a_008">Financial Statement Schedule I</A></U></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">F-37 &ndash;&nbsp;F-41</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_001"></A>REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 11.5pt; text-indent: -11.5pt">TO THE BOARD OF DIRECTORS
AND SHAREHOLDERS OF</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 11.5pt; text-indent: -11.5pt">DAQO NEW ENERGY CORP.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">We have audited the accompanying consolidated
balance sheets of Daqo New Energy Corp. and its subsidiaries and variable interest entity (the &ldquo;Company&rdquo;) as of December&nbsp;31,
2013, and 2014, and the related consolidated statements of operations, comprehensive (loss) income, changes in equity, and cash
flows for each of the three years in the period ended December&nbsp;31, 2014. Our audits also included the financial statement
schedule included in Schedule I. These financial statements and financial statement schedule are the responsibility of the Company&rsquo;s
management. Our responsibility is to express an opinion on the financial statements and financial statement schedule based on
our audits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">We conducted our audits in accordance with
the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">In our opinion, such consolidated financial
statements present fairly, in all material respects, the financial position of Daqo New Energy Corp. and its subsidiaries and
variable interest entity as of December&nbsp;31, 2013, and 2014, and the results of their operations and their cash flows for
each of the three years in the period ended December&nbsp;31, 2014, in conformity with accounting principles generally accepted
in the United States of America. Also, in our opinion, such financial statement schedule, when considered in relation to the basic
consolidated financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have also audited, in accordance with
the standards of the Public Company Accounting Oversight Board (United States), the Company&rsquo;s internal control over financial
reporting as of December 31, 2014, based on the criteria established in<I> Internal Control &mdash; Integrated Framework (2013)
</I>issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated April 17, 2015 expressed
an unqualified opinion on the Company&rsquo;s internal control over financial reporting.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ DELOITTE&nbsp;TOUCHE&nbsp;TOHMATSU&nbsp;CERTIFIED
    PUBLIC ACCOUNTANTS LLP</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Shanghai, China</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">April 17, 2015</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 11.5pt; text-indent: -11.5pt">TO THE BOARD OF DIRECTORS
AND SHAREHOLDERS OF</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 11.5pt; text-indent: -11.5pt">DAQO NEW ENERGY CORP.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">We
have audited the internal control over financial reporting of Daqo New Energy Corp</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">and
its subsidiaries and variable interest entity (the &ldquo;Company&rdquo;) as of December&nbsp;31, 2014, based on the criteria
established in <I>Internal Control-Integrated Framework (2013) </I>issued by the Committee of Sponsoring Organizations of the
Treadway Commission. The Company&rsquo;s management is responsible for maintaining effective internal control over financial reporting
and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management&rsquo;s
Annual Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company&rsquo;s
internal control over financial reporting based on our audit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We conducted our audit in accordance with
the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all
material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk
that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the
assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit
provide a reasonable basis for our opinion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A company&rsquo;s internal control over
financial reporting is a process designed by, or under the supervision of, the company&rsquo;s principal executive and principal
financial officers, or persons performing similar functions, and effected by the company&rsquo;s board of directors, management,
and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles. A company&rsquo;s internal control
over financial reporting includes those policies and procedures that (1)&nbsp;pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2)&nbsp;provide reasonable
assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations
of management and directors of the company; and (3)&nbsp;provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use, or disposition of the company&rsquo;s assets that could have a material effect on the financial
statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Because of the inherent limitations of
internal control over financial reporting, including the possibility of collusion or improper management override of controls,
material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also, projections of any evaluation
of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls
may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In our opinion, the Company maintained,
in all material respects, effective internal control over financial reporting as of December&nbsp;31, 2014, based on the criteria
established in <I>Internal Control-Integrated Framework (2013)</I> issued by the Committee of Sponsoring Organizations of the
Treadway Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have also audited, in accordance with
the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements and the
related financial statement schedule included in Schedule I as of and for the year ended December&nbsp;31, 2014 of the Company
and our report dated April 17, 2015 expressed an unqualified opinion on those financial statements and financial statement schedule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ DELOITTE&nbsp;TOUCHE&nbsp;TOHMATSU&nbsp;CERTIFIED
    PUBLIC ACCOUNTANTS LLP</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Shanghai, China</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">April&nbsp;17, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><A NAME="a_002"></A><B>DAQO
NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONSOLIDATED BALANCE
SHEETS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DECEMBER 31, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2013</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2014</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">ASSETS:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Current assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; text-indent: 14.2pt">Cash and cash equivalents</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">7,831,084</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">7,068,483</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 5.7pt; padding-left: 8.5pt">Restricted cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,826,110</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,169,236</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -14.15pt; padding-left: 28.35pt">Accounts receivable, net of allowance for doubtful
    accounts of &nbsp;$7,160,782 and $3,189,110 as of December&nbsp;31, 2013 and 2014</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,909,662</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,714,261</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 5.7pt; padding-left: 8.5pt">Note receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,929,627</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,239,886</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 5.7pt; padding-left: 8.5pt">Prepaid expenses and other current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,870,690</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,835,869</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt">Advances to suppliers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">860,546</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,352,747</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 5.7pt; padding-left: 8.5pt">Inventories</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,500,256</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,581,784</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt; padding-bottom: 1pt">Amount due from related parties</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">13,416,452</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">9,986,968</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">91,144,427</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">121,949,234</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 5.7pt; padding-left: 8.5pt">Property, plant and equipment, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">488,504,183</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">559,006,119</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt">Prepaid land use rights</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,377,493</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,006,693</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt; padding-bottom: 1pt">Other non-current assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">173,440</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">169,173</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL ASSETS</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">610,199,543</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">710,131,219</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">LIABILITIES:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Current liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt">Short-term bank borrowings, including current portion
    of long-term bank borrowings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">118,870,857</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">159,803,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 5.7pt; padding-left: 8.5pt">Accounts payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,695,490</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,784,156</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt">Note payables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,573,646</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48,941,807</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt">Advances from customers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,217,775</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,308,535</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -14.15pt; padding-left: 28.35pt">Payables for purchases of property, plant and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51,766,695</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">64,575,527</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt">Accrued expenses and other current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,461,621</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,955,663</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -14.15pt; padding-left: 28.35pt; padding-bottom: 1pt">Amount due to related parties</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">88,537,790</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">89,698,151</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Total current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">299,123,874</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">396,067,715</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -11.3pt; padding-left: 25.5pt">Long-term bank borrowings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">134,870,287</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">77,336,160</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 5.7pt; padding-left: 8.5pt">Advance from customers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,924,121</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,401,667</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 5.7pt; padding-left: 8.5pt; padding-bottom: 1pt">Deferred government subsidies</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">26,954,700</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">26,557,607</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">472,872,982</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">503,363,149</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Commitments and contingencies (Note 17)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONSOLIDATED BALANCE
SHEETS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DECEMBER 31, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2013</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2014</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">EQUITY:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Daqo New Energy Corp. shareholders&rsquo; equity:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Ordinary shares;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; text-indent: -14.15pt; padding-left: 28.35pt">$0.0001 per value 500,000,000 shares authorized as of
    December 31, 2013 and 2014; 175,714,103 and 225,864,103 shares issued as of December 31, 2013 and 2014, respectively and 173,427,853
    and 223,577,853 shares outstanding as of December 31, 2013 and 2014, respectively</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">17,343</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">22,358</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Additional paid in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">146,676,163</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">203,125,494</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Accumulated losses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,667,469</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16,018,293</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Accumulated other comprehensive income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,699,196</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,037,183</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Treasury Stock, at cost (2,286,250 and 2,286,250 shares as of December 31,
    2013 and 2014, respectively)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(398,672</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(398,672</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total Daqo New Energy Corp. shareholders&rsquo; equity</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">137,326,561</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">206,768,070</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total equity</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">137,326,561</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">206,768,070</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL LIABILITIES AND EQUITY</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">610,199,543</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">710,131,219</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See notes to consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><A NAME="a_003"></A><B>DAQO
NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONSOLIDATED STATEMENTS
OF OPERATIONS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2011, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December
    31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2012</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2013</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2014</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Revenues</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 9pt">Products</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left; padding-left: 0.25in">- Sales to third parties</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">81,929,050</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">93,710,464</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">158,256,486</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.25in">- Sales to related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,799,427</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,471,866</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,840,860</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Service fee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.25in">- Sales to third parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,129,924</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,817,475</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">5,165,254</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">- Sales to related parties</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,309,252</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total revenues</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">86,858,401</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">108,999,805</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">182,571,852</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total cost of revenues</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(124,290,384</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(135,103,408</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(139,308,511</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Gross (loss) profit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(37,431,983</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,103,603</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43,263,341</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Operating (expenses) income:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.25in">Selling, general and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,930,198</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(18,132,515</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,293,851</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.25in">Research and development expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,130,533</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,391,012</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,486,978</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.25in">Other operating income, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,729,301</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,420,777</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">552,444</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Long-lived asset impairment</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(42,754,481</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(158,424,827</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total operating expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(51,085,911</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(174,527,577</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(11,228,385</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">(Loss) income from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(88,517,894</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(200,631,180</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,034,956</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15,408,023</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,349,190</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15,654,106</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Interest income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">990,117</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">149,752</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">324,118</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange (loss) gain</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(55,800</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,875</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(55,792</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">(Loss) income before income taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(102,991,600</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(219,818,743</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,649,176</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income tax expense</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,253,587</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,271,765</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net (loss) income from continuing operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(113,245,187</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(221,090,508</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,649,176</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total (loss) discontinued operations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,392,228</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net (loss) income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(115,637,415</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(221,090,508</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,649,176</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net (loss) income attributable to non-controlling interest</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,708,474</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(150,147,024</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net (loss) income attributable to Daqo New Energy Corp.
    ordinary shareholders</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(111,928,941</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(70,943,484</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">16,649,176</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">NET (LOSS) EARNINGS PER ORDINARY SHARE</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 27pt">&mdash;Continuing operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.63</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.41</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.08</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; padding-left: 27pt">&mdash;Discontinued operations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.01</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 0.25in">Basic&mdash;ordinary shares</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.64</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.41</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.08</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 27pt">&mdash;Continuing operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.63</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.41</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.08</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 27pt; padding-bottom: 1pt">&mdash;Discontinued operations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">$</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(0.01</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">$</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">$</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 0.25in">Diluted&mdash;ordinary shares</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.64</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.41</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.08</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ORDINARY SHARES USED IN CALCULATING EARNINGS PER ORDINARY SHARE</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">Basic&mdash;ordinary shares</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">175,067,343</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">173,068,420</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">206,349,976</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 28.35pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">Diluted&mdash;diluted shares</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">175,067,343</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">173,068,420</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">211,353,643</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See notes to consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><A NAME="a_004"></A><B>DAQO
NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONSOLIDATED STATEMENTS
OF COMPREHENSIVE (LOSS) INCOME</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Net (loss) income</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(115,637,415</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(221,090,508</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">16,649,176</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other comprehensive income:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Foreign currency translation adjustments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,838,790</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,543,033</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,662,013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total other comprehensive income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,838,790</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,543,033</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,662,013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Comprehensive (loss) income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(111,798,625</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(215,547,475</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,987,163</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Comprehensive (loss) income attributable to noncontrolling interest</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,075,866</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(148,752,181</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Comprehensive (loss) income attributable to Daqo New Energy Corp. shareholders</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(109,722,759</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(66,795,294</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">12,987,163</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See notes to consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><A NAME="a_005"></A><B>DAQO
NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONSOLIDATED STATEMENTS
OF CHANGES IN EQUITY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Ordinary
    shares</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; font-weight: bold"><FONT STYLE="font-size: 8pt"><B>Treasury</B></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Additional</FONT><BR>
    <FONT STYLE="font-size: 8pt">paid in</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Accumulated</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Accumulated
    </FONT><BR><FONT STYLE="font-size: 8pt">other</FONT><BR><FONT STYLE="font-size: 8pt"> comprehensive</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Noncontrolling</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Number</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Stock</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">capital</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Loss</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">income</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">interest</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Total</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%"><FONT STYLE="font-size: 8pt">Balance at January&nbsp;1, 2012</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">175,714,103</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">17,571</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">142,511,581</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">150,204,956</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">18,444,123</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">140,847,996</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">452,026,227</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net loss</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(111,928,941</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,708,474</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(115,637,415</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Other comprehensive income</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,206,182</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,632,608</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,838,790</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 8pt">Share-based compensation</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,249,834</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,249,834</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Stock Repurchases</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(2,836,670</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(283</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(494,928</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(5,513</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(500,724</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Disposal of Nanjing Daqo New Energy Co., Ltd.</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,099,299</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,099,299</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 8pt">Balance at December&nbsp;31, 2012</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">172,877,433</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">17,288</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(494,928</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">144,755,902</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">38,276,015</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19,551,006</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">138,772,130</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">340,877,413</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net loss</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(70,943,484</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(150,147,024</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(221,090,508</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Other comprehensive income</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,148,190</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,394,843</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,543,033</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 8pt">Share-based compensation</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,881,401</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,881,401</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Deconsolidation of Daqo New Material Co., Ltd.</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,980,051</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,980,051</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Options Exercise</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">550,420</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">55</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">96,256</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">38,860</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">135,171</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 8pt">Balance at December&nbsp;31, 2013</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">173,427,853</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">17,343</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(398,672</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">146,676,163</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(32,667,469</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">23,699,196</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">137,326,561</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net income</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,649,176</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,649,176</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Other comprehensive income</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,662,013</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,662,013</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 8pt">Share-based compensation</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,792,819</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,792,819</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Follow-on equity offering, net of issuance costs</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">50,000,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">54,619,447</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">54,624,447</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Options Exercise</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">150,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">15</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">37,065</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">37,080</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Balance at December&nbsp;31, 2014</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">223,577,853</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">22,358</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">(398,672</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">203,125,494</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">(16,018,293</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">20,037,183</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">206,768,070</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See notes to consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><A NAME="a_006"></A><B>DAQO
NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONSOLIDATED STATEMENTS
OF CASH FLOWS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December
    31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2012</TD><TD NOWRAP STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2013</TD><TD NOWRAP STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2014</TD><TD NOWRAP STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 55%; text-align: left; text-indent: 14.2pt">Net (loss) income</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(115,637,415</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(221,090,508</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">16,649,176</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.05pt; padding-left: 22.95pt">Adjustments to reconcile net (loss) income to net
    cash provided by (used in) operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.05pt; padding-left: 22.95pt">Long-lived assets impairment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,754,481</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">158,424,827</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -7.05pt; padding-left: 22.95pt">Share-based compensation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,249,834</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,881,401</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,792,819</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.05pt; padding-left: 22.95pt">Inventory write-down</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,821,620</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,905,734</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175,568</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.05pt; padding-left: 22.95pt">Allowance for doubtful accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">359,733</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,482,019</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,823,744</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.05pt; padding-left: 22.95pt">Depreciation of property, plant and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37,371,791</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,250,595</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,007,943</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.1pt; padding-left: 15.9pt">Gain on disposition of Nanjing Daqo</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,099,299</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 9pt">Loss on disposal of Property</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">314,728</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Plant and Equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.05pt; padding-left: 15.9pt">Changes in operating assets and liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 22.95pt">Accounts receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,295,169</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,431,119</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,775,333</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 22.95pt">Note receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,633,764</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,496,473</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(34,702,180</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 22.95pt">Prepaid expenses and other current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15,042,913</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,616</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,217,835</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 30.05pt">Advances to suppliers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,098,761</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(122,753</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(513,373</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -14.2pt; padding-left: 44.25pt">Inventories</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,745,803</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(25,270,470</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">484,562</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 28.35pt">Amount due from related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,418,601</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,853,965</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,193,604</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 44.25pt">Prepaid land use rights</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(841,195</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">264,549</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">623,413</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 44.25pt">Other non-current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,645,277</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,513,271</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">229,688</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 44.25pt">Accounts payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,249,172</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,349,428</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(475,966</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 44.25pt">Note payables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,776,966</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,760,436</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,992,814</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 44.25pt">Accrued expenses and other current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(150,005</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">468,946</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,677,622</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 44.25pt">Income tax payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,052,589</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(160,480</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 44.25pt">Advances from customers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,794,585</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,254,342</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,813,120</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 44.25pt">Amount due to related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,047,531</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(415,960</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(453,075</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 44.25pt">Deferred government subsidies</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">618,958</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">482,563</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">266,082</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -14.2pt; padding-left: 44.25pt; padding-bottom: 1pt">Deferred tax assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">11,572,778</TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">1,415,502</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -5.4pt; padding-left: 5.4pt">Net cash (used in) provided by operating activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,307,234</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16,525,817</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45,619,729</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -5.4pt; padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0in">Investing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.1pt; padding-left: 15.9pt">Purchases of property, plant and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(105,659,395</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,504,507</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(77,028,755</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.1pt; padding-left: 15.9pt">(Decrease)/Increase in restricted cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80,435</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,823,635</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,560,277</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.1pt; padding-left: 15.9pt">Proceeds from disposition of Nanjing Daqo</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,656,490</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -8.8pt; padding-left: 8.8pt; padding-bottom: 1pt">Decrease in cash on deconsolidation
    of Daqo New Material</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(15,241</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">Net cash used in investing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(102,922,470</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(30,696,113</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(90,589,032</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0in; padding-left: 0in">Financing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Proceeds from related parties loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,645,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">157,271,287</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">275,134,122</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -1.7pt; padding-left: 1.7pt">Repayment of related parties loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(69,386,568</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(275,088,560</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.1pt; padding-left: 15.9pt">Proceeds from bank borrowings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">129,572,090</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">74,551,991</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">176,114,553</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -1.7pt; padding-left: 15.9pt">Repayment of bank borrowings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(103,573,459</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(113,745,197</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(186,549,888</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.1pt; padding-left: 15.9pt">Purchase and retirement of treasury shares</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(500,724</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 14.2pt">Proceeds from options exercised</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">135,171</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37,080</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 14.2pt">Proceeds from follow-on equity offering</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">58,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 14.2pt; padding-bottom: 1pt">Insurance cost for follow-on equity offering</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(3,375,553</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Net cash provided by financing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,143,830</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48,826,684</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44,271,754</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Effect of exchange rate changes on cash and cash equivalents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">67,800</TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(452,694</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(65,052</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.1pt; padding-left: 7.1pt">Net (decrease) increase in cash and cash equivalents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(86,018,074</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,152,060</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(762,601</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.1pt; padding-left: 7.1pt; padding-bottom: 1pt">Cash and cash equivalents at the
    beginning of the year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">92,697,098</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">6,679,024</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">7,831,084</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; padding-left: 0in; text-indent: 0in">Cash and cash
    equivalents at the end of the year</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,679,024</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,831,084</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,068,483</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See notes to consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONSOLIDATED STATEMENTS
OF CASH FLOWS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December
    31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2012</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2013</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2014</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Supplemental disclosure of cash flow information:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; text-align: justify">Interest paid</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">15,555,495</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">19,657,071</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">17,771,457</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">Income taxes paid</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">8,052,589</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Disposition of Nanjing Daqo:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 14.2pt">Total consideration</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">9,888,742</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 14.2pt">Less: amount due from Daqo Group</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(5,110,085</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 14.2pt">Total cash consideration received</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">4,778,657</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 14.2pt">Less: cash and cash equivalents disposed</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,122,167</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 7.1pt">Net cash inflow on the disposition</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,656,490</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Supplemental schedule of non-cash investing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Purchases of property, plant and equipment included in payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">46,594,935</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">51,766,695</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">79,989,590</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Purchases of property, plant and equipment included in amount due to related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">5,678,393</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">940,135</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">5,651,053</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See notes to consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><A NAME="a_007"></A><B>DAQO
NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>1. ORGANIZATION AND PRINCIPAL ACTIVITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The consolidated financial statements include
the financial statements of Daqo New Energy Corp. (the &ldquo;Company&rdquo;), its wholly owned subsidiaries, Chongqing Daqo New
Energy Co., Ltd. (&ldquo;Chongqing Daqo&rdquo;), Nanjing Daqo New Energy Co., Ltd. (&ldquo;Nanjing Daqo&rdquo;) (which was disposed
to Daqo Group Co., Ltd. (&quot;Daqo Group&quot;) on September 28, 2012), Xinjiang Daqo New Energy Co., Ltd (&ldquo;Xinjiang Daqo&rdquo;),
Daqo Solar Energy North America (&ldquo;Daqo America&rdquo;) (which was liquidated in 2013) and Daqo New Energy Holdings (Canada)
Ltd.(&ldquo;Daqo Canada&rdquo;) (which was liquidated in 2013) and its consolidated variable interest entity (&ldquo;VIE&rdquo;)
Daqo New Material Co., Ltd. (&ldquo;Daqo New Material&rdquo;) (which was deconsolidated on December 31, 2013) (collectively, the
&ldquo;Group&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Company was incorporated on November&nbsp;22,
2007 in the Cayman Islands. Chongqing Daqo, Nanjing Daqo and Xinjiang Daqo were incorporated by the Company on January&nbsp;14,
2008, December&nbsp;20, 2007 and February&nbsp;22, 2011, respectively, in the Peoples&rsquo; Republic of China (&ldquo;PRC&rdquo;).
Daqo America was incorporated by the Company in January 2009, in California, USA. Daqo Canada was incorporated by the Company
in April 2011, in Hamilton, Ontario, Canada.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Daqo New Material and the Company were under
common control by Daqo New Material&rsquo;s ultimate shareholders prior to November 11, 2009. Daqo New Material was established
by Daqo Group, an affiliate of the Company on November&nbsp;16, 2006, for the primary purpose of developing a photovoltaic business.
Daqo New Material&rsquo;s activities included acquiring land use rights and constructing certain polysilicon production infrastructure,
including buildings and production machinery and equipment. Chongqing Daqo acquired additional machinery and equipment that are
used in connection with Daqo New Material&rsquo;s land and production infrastructure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Subsequent to its establishment, Chongqing
Daqo entered into a lease agreement with Daqo New Material to rent all of Daqo New Material&rsquo;s land, production infrastructure
and machinery and equipment for the Group&rsquo;s polysilicon production. The lease period is from July&nbsp;1, 2008 to December&nbsp;31,
2013, with monthly lease payments that have been renegotiated periodically and are eliminated in consolidation. The lease agreement
also provided that if Daqo New Material transferred the ownership of the leased assets to any third party, the lease agreement
would remain effective and enforceable against the new owner. One month before the expiry of the lease period, Chongqing Daqo
had the option to renew the lease on the same terms and conditions for an additional five-year periods. Furthermore, Chongqing
Daqo has the option to purchase, or to designate any person to purchase, the leased assets at the then fair value at any time
during the lease period or within one year following the lease period, if permitted by the PRC laws and regulations. If Daqo New
Material desires to transfer the ownership of the leased assets to a third party, Chongqing Daqo has the right of first refusal
to acquire the leased assets under the same conditions. If the leased assets are transferred to a third party, the lease agreement
will remain effective and enforceable against the new owner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Because the aggregate value of the monthly
rental payments that Chongqing Daqo is contractually obligated to make to Daqo New Material represents the majority of the value
of Daqo New Material&rsquo;s assets, Chongqing Daqo has the majority of investment risk in Daqo New Material. Further, the Group
has concluded that the arrangement results in Chongqing Daqo providing an implicit guarantee to protect Daqo Group from absorbing
losses incurred by Daqo New Material, thus Daqo New Material is considered to be a variable interest entity of Chongqing Daqo.
Furthermore, the operating activities of Daqo New Material are most closely associated with Chongqing Daqo and the management
of Chongqing Daqo also acts as the management of Daqo New Material. Based on these factors, Chongqing Daqo has the power to control
Daqo New Material and is considered the primary beneficiary of Daqo New Material. The assets and liabilities of Daqo New Material
are consolidated at historical cost given they were held by entities under common control at the time of the lease agreement.
Daqo Group&rsquo;s total equity interests in Daqo New Material are presented as a noncontrolling interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">On December 31, 2013, Chongqing Daqo and
Daqo New Material terminated the lease agreement. As a result, the Company deconsolidated Daqo New Material on December 31, 2013.
..</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">In the periods presented, the Group manufactured
and sold polysilicon and wafers through Chongqing Daqo and Xinjiang Daqo, and sold modules through Nanjing Daqo before September
28, 2012 when Nanjing Daqo was sold to the Daqo Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2. SUMMARY OF PRINCIPAL ACCOUNTING POLICIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(a) Basis of presentation</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The consolidated financial statements of
the Group have been prepared in accordance with generally accepted accounting principles in the United States (&quot;U.S. GAAP&quot;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The accompanying consolidated financial
statements have been prepared assuming that the Group will continue as a going concern, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business. The realization of assets and the satisfaction of
liabilities in the normal course of business are dependent on, among other things, the Group&rsquo;s ability to generate cash
flows from operations, and the Group&rsquo;s ability to arrange adequate financing arrangements, including the renewal or rollover
of its bank borrowings, to support its working capital requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt">As of December 31, 2014, the Group&rsquo;s
current liabilities exceed its current assets by $274,118,480. While the Group had cash and cash equivalents of $ 7,068,483, and
short-term bank borrowings of $ 90,443,007 will be due within one year. The current portion of long-term bank borrowings amounting
to $ 69,360,869 is restricted to purchase fixed assets and required to be paid off upon due dates. Additionally, the Group has
capital commitment of $20.4 million to be fulfilled in the next twelve months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">However, the Group regards the going concern assumption as
appropriate considering the following plans and actions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>On March 6, 2015, the Group obtained a letter of financial
                                         support from Daqo Group which has committed to provide sufficient financial support to
                                         the Group to ensure the Group has the funds required to satisfy its obligations as they
                                         come due in the normal course during the twelve months ending December 31, 2015. Further,
                                         the support letter provides that Daqo Group will not require the Group to pay the amount
                                         owed to the Daqo Group and subsidiaries of Daqo Group, Daqo Solar, Daqo New Material
                                         and Xinjiang Daqo Investment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>In February 2015, the Group has obtained approximately $28.0
                                         million through a follow-on equity offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>For the first time since 2012, the Group generated net income
                                         and positive cash flow from operations in 2014 amounting to $16.7 million and $45.6 million,
                                         respectively.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>The Group has or is in the process of taking a number of cost
                                         reduction initiatives, including the new hydrochlorination system, technology improvement
                                         and polysilicon capacity expansion in Xinjiang.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">5.</TD><TD>The Group has performed a review of its cash flow forecasts
                                         for the twelve month period ending December 31, 2015, and believes that its operating
                                         cash flow will be positive during the twelve month period ending December 31, 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">6.</TD><TD><P STYLE="margin: 0pt 0">As of March 31, 2015, the Company successfully rolled over, renewed or replaced with new loans by existing
creditors totaling $30.6 million. While there can be no assurance, management believes they will be able to roll over or renew
substantially all of the $90.4 million of short term loans outstanding as of December 31, 2014.</P>


</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Based on the above factors, management believes
that adequate sources of liquidity will exist to fund the Group&rsquo;s working capital and capital expenditures requirements,
and to meet its short term debt obligations, other liabilities and commitments as they become due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(b) Basis of consolidations</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The consolidated financial statements include
the financial statements of the Group. All intercompany transactions and balances have been eliminated on consolidation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(c) Use of estimates</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date
of the consolidated financial statements and the amounts of revenues and expenses during the reporting period. Actual results
could differ from these estimates. The Group bases its estimates on historical experience and various other factors believed to
be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets
and liabilities that are not readily apparent from other sources. Management has made significant estimates in a variety of areas,
including but not limited to allowance for doubtful accounts, inventories valuation, useful lives and residual values of long-lived
assets, impairment for long lived assets, consolidation of Daqo New Material, valuation allowances for deferred tax assets, interest
capitalization, warranty accrual and certain assumptions used in the computation of share-based compensation and related forfeiture
rates.</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">The Group revised the estimates of expected useful lives
of property, plant and equipment on January 1, 2014, and please refers to Note 2 (i) for details.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(d) Concentration of credit risk</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Financial instruments that potentially expose
the Group to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable
and notes receivable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group places its cash and cash equivalents
in various financial institutions in the PRC. The Group believes that no significant credit risk exists as these banks are principally
government-owned financial institutions with high credit ratings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accounts
receivable represent those receivables derived in the ordinary course of business. The Group conducts credit evaluations of customers
to whom credit terms are extended. The Group establishes an allowance for doubtful accounts mainly based on aging of the receivables
and other factors surrounding the credit risk of specific customers. The allowance for doubtful accounts is $7,160,782 and $</FONT>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,189,110 as of December&nbsp;31, 2013 and 2014, respectively, based on
the aging of the receivables and the Group&rsquo;s assessment of the customers&rsquo; credit risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The following customers accounted for 10%
or more of accounts receivable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Accounts <BR>receivable</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left; text-indent: -10pt; padding-left: 10pt">Customer A</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,673,455</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Customer B</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,225,831</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Customer C</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,507,576</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,213,393</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Customer D</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="text-align: left">*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,578,947</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Customer E</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,330,145</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Customer F</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">*</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,071,415</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 97%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Represents less than 10%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">From time to time, certain accounts receivable
balances are settled in the form of notes receivable. As of December 31, 2013 and 2014, notes receivable represents bank acceptance
drafts that are non-interest bearing and due within 6 months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Total sales of polysilicon to the Group&rsquo;s
largest customers whose sales constitute over 10% of revenue accounted for approximately 25%, 30% and 23% of revenues for the
years ended December&nbsp;31, 2012, 2013 and 2014, respectively. The Group is substantially dependent upon the continued participation
of these customers in order to maintain its total revenues. Significantly reducing the Group&rsquo;s dependence on these customers
is likely to take time and there can be no guarantee that the Group will succeed in reducing that dependence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Furthermore, all of the Group's long-term
bank borrowings are guaranteed by Daqo Group, our related party, who has also committed to provide financial support to meet the
Group's short term bank borrowings obligations, other liabilities and commitments as they become due (see Note 2(a)). The Group's
access to credit is significantly reliant on Daqo Group's ability and willingness to continue to provide sufficient financial
support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-indent: 0in"><B><I>(e) Cash and cash equivalents</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Cash and cash equivalents consist of cash
on hand and demand deposits, which are unrestricted as to withdrawal and use, and which have maturities of three months or less
when purchased.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(f) Restricted cash</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Restricted cash amounted to $8,826,110 and
$22,169,236 as of December&nbsp;31, 2013 and 2014, respectively, and are deposited in bank accounts as deposits for short-term
letters of credit and notes issued by several banks for purchases of raw materials, plant and equipment. These deposits carry
fixed interest rates and will be released when the related letters of credit or notes are settled by the Group. The Group considers
the restricted cash balances as equivalent to an investment whose return of principal requires the satisfaction of conditions
(i.e., settlement of letters of credit or notes) rather than a withdrawal demand. Therefore, deposits and withdrawals of principal
balances in restricted cash accounts represent the creation or return of investment and, accordingly, the Group has presented
such deposits and withdrawals as investing activities in the consolidated statements of cash flows.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(g) Allowance for Doubtful Accounts</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group determines its allowance for doubtful
accounts by actively monitoring the financial condition of its customers to determine the potential for any nonpayment of trade
receivables. In determining its allowance for doubtful accounts, the Group also considers other economic factors, such as aging
trends. The Group believes that its process of specific review of customers combined with overall analytical review provides an
effective evaluation of ultimate collectability of trade receivables.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(h) Inventories</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Inventories are stated at lower of cost
or market. Costs are determined using weighted average costs. Costs comprise direct materials, direct labor and overhead costs
incurred in bringing the inventories to their present location and condition. The Group writes down the cost of excess inventories
to the estimated market value based on historical and forecasted demand. Estimated market value is measured as the estimated selling
price of each class of inventory in the ordinary course of business less estimated costs of completion and disposal. The charges
to inventory for the years ended December&nbsp;31, 2012, 2013 and 2014 were $14,821,620, $29,905,734 and $ 175,568, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group has outsourced portions of its
manufacturing process, including cutting ingots into wafers, and converting wafers into solar cells, to various third-party manufacturers.
These outsourcing arrangements may or may not include transfer of title of the raw material inventory (ingots, wafers or cells)
to the third-party manufacturers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">For those outsourcing arrangements in which
title does not transfer, the Group maintains the inventory in the balance sheet as raw materials inventory while it is in physical
possession of the third-party manufacturers. Upon receipt of the processed inventory from the third-party manufacturers, it is
reclassified to work-in-progress inventory with the processing fee capitalized as cost of inventory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">For those outsourcing arrangements in which
title (including risk of loss) does transfer to the third-party manufacturer, the Group is contractually obligated to repurchase
the processed inventory. To accomplish this, it enters into raw material sales agreements and processed inventory purchase agreements
simultaneously with the third-party manufacturer. In such instances, where they are, in substance tolling arrangements, the Group
retains the inventory in the consolidated balance sheets while it is in the physical possession of the third-party manufacturer.
The cash received from the third-party manufacturer is recorded as a current liability on the balance sheet rather than revenue
or deferred revenue. Upon receipt of the processed inventory, it is reclassified from raw materials to work-in-progress inventory
and the processing fee paid to the third-party manufacturer is added to inventory cost. Cash payments for outsourcing arrangements
which require prepayment for repurchase of the processed inventory are classified as current assets on the balance sheet. If there
is no legal right of offset established by these arrangements, the associated assets and liabilities are presented separately
on the balance sheet until the processed inventory is returned to the Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(i) Property, plant and equipment</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Property, plant and equipment are recorded
at cost less accumulated depreciation. Depreciation is recognized on a straight-line basis over the following estimated useful
lives:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 85%; border-collapse: collapse; margin-left: 0.5in">
<TR>
    <TD STYLE="vertical-align: top; width: 83%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Buildings and plant</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">30&nbsp;years</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Machinery and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">15 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Furniture, fixtures and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3-5&nbsp;years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Motor vehicles</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group reassesses the reasonableness
of the estimates of useful lives and residual values of long-lived assets when events or changes in circumstances indicate that
the useful lives and residual values of a major asset or a major category of assets may not be reasonable. Factors that the Group
considers in deciding when to perform an analysis of useful lives and residual values of long-lived assets include, but are not
limited to, significant variance of a business or product line in relation to expectations, significant deviation from industry
or economic trends, and significant changes or planned changes in the use of the assets. The analysis will be performed at the
asset or asset category with the reference to the assets&rsquo; conditions, current technologies, market, and future plan of usage
and the useful lives of major competitors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 25.3pt">In 2013, the Group decided to relocate
a majority of Chongqing&rsquo;s polysilicon assets to Xinjiang. As part of the decision to make significant investment to relocate
the assets, the Group revisited the expectation as to the useful lives of these assets. Based on this review, the Group determined
that the condition of its major assets, having now been in operations for a meaningful percentage of the original estimated lives,
were in better condition, than the original useful life expectation had predicted, accordingly, the Group engaged an independent
valuation firm to assist in reassessing the remaining economic useful life of the polysilicon assets in both Chongqing and Xinjiang.
The analysis was completed in the first quarter of 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 25.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 25.3pt">Therefore, the Group revised the estimates
of expected useful lives of long-lived assets from January 1, 2014. The useful lives of machinery and equipment were expended
from 10 years to 15 years, while buildings and structures were expended from 20 years to 30 years. No changes were made to furniture,
fixtures and equipment, or motor vehicles. During the year ended December 31, 2014, the change in useful lives reduced depreciation
expense of approximately $18.7 million, a majority of which was recorded in &quot;Total cost of revenues&quot;, accordingly the
impact on net income and basic net income per share is $18.7 million and $0.09 per ordinary share respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 25.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 25.3pt">Costs incurred on construction are capitalized
and transferred to property, plant and equipment upon completion, at which time depreciation commences.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Interest expense incurred for construction
of property, plant, and equipment is capitalized as part of the cost of such assets. The Group capitalizes interest to the extent
that expenditures to construct an asset have occurred and interest costs have been incurred. Interest expense capitalized for
the years ended December&nbsp;31, 2012, 2013 and 2014 was $7,245,747, $nil and $1,960,259 respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(j) Prepaid land use rights</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">All land in the PRC is owned by the PRC
government. The PRC government, according to PRC law, may sell the land use rights for a specified period of time. The Group&rsquo;s
land use rights in the PRC are stated at cost less recognized lease expenses. Lease expense is recognized over the term of the
agreement on a straight-line basis. The Group recorded lease expenses of $958,558, $781,706 and $ 628,052, for the years ended
December&nbsp;31, 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(k) Impairment of long-lived assets</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group evaluates its long-lived assets
for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable.
Factors that the Group considers in deciding when to perform an impairment review include, but are not limited to significant
under-performance of a business or product line in relation to expectations, significant negative industry or economic trends,
and significant changes or planed changes in the use of the assets. An impairment analysis is performed at the lowest level of
identifiable independent cash flows for an asset or asset group. The Group makes subjective judgments in determining the independent
cash flows that can be related to a specific asset group based on the asset usage model and manufacturing capabilities. The Group
measures the recoverability of assets that will continue to be used in the operations by comparing the carrying value of the asset
group to the estimate of the related total future undiscounted cash flows. If an asset group&rsquo;s carrying value is not recoverable
through the related undiscounted cash flows, the impairment loss is measured by comparing the difference between the asset group&rsquo;s
carrying value and its fair value. The Group determines the fair value of an asset or asset group utilizing estimated future discounted
cash flows and incorporates assumptions that it believes marketplace participants would utilize.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">During each of the three year ended December
31, 2012, 2013 and 2014, the impairment changes were $42,754,481, $158,424,827 and $nil, respectively. The impairment loss incurred
during the year ended December 31, 2012 was related to the impairment of long-lived assets of the wafer business, and was triggered
primarily by the significant decrease in average selling prices for wafers that was experienced in 2012. The impairment loss incurred
during the year ended December 31, 2013 was related to the buildings and plant of polysilicon asset group in Chongqing Daqo and
Daqo New Material, and was triggered primarily by the significant decrease in average selling prices for polysilicon and the Group's
decision of relocating significant machinery and equipment located at Chongqing Daqo to Xinjiang Daqo as a part of its expansion
plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(l) Revenue recognition</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt"><U>Product sales</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group recognizes revenue when persuasive
evidence of an arrangement exists, the sales price is fixed or determinable, delivery of the product has occurred, title and risk
of loss have transferred to the customers and collectability of the receivable is reasonably assured. The majority of the sales
contracts transfer title and risk of loss to customers upon receipt. Sales agreements for polysilicon and wafers typically do
not contain product warranties except for return and replacement of defective products within a period generally ranging from
3 to 30 days from delivery. Sales agreements typically do not contain post-shipment obligations or other return or credit provisions.
The Group may extend credit terms after assessing a number of factors to determine the customers&rsquo; credit worthiness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Customers frequently pay for products prior
to the delivery of the products. Advance payments are recorded as advances from customers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt"><U>Service revenue</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group also provides OEM services to
customers, such as the provision of service to process polysilicon into ingots and wafers. The Group recognizes revenue when there
is persuasive evidence of an arrangement, the service has been rendered, the sales price is fixed or determinable and collectability
is reasonably assured.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(m) Cost of revenues</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Cost of revenues consists of production
related costs including costs of silicon raw materials, electricity and other utilities, consumables, direct labor, overhead costs,
depreciation of property, plant and equipment, and manufacturing waste treatment processing fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(n) Shipping and handling</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Costs to ship products to customers are
recorded as selling expenses in the consolidated statements of operations. Costs to ship products to customers were $1,033,808,
$1,901,384 and $2,054,786, respectively for the years ended December&nbsp;31, 2012, 2013 and 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(o) Research and development expenses</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Research and development expenses include
materials and utilities consumed in research and development activities, payroll and related costs and depreciation of property
and equipment associated with the research and development activities, which are expensed when incurred. In the years ended December
31, 2013 and 2014, the Group incurred additional research and development expenses for its Xinjiang Phase II polysilicon facilities
to achieve the targets for quality, capacity and cost during the pilot production period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(p) Government subsidies</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group receives unrestricted cash subsidies
from local government agencies. The government agencies use their discretion to determine the amount of the subsidies with reference
to land use right fees, value-added tax and income taxes paid, bank loan interest expenses paid or electricity consumed by the
Group, however, these subsidies do not represent tax refunds or reimbursements of expenditures. The subsidies are unrestricted
as to use and can be utilized by the Group in any manner it deems appropriate. The Group has utilized, and expects to continue
to utilize, these subsidies to fund general operating expenses. The Group records unrestricted cash government subsidies as other
operating income in the consolidated statements of operations. Unrestricted cash government subsidies received for the years ended
December&nbsp;31, 2012, 2013 and 2014 were $9,250,296, $5,249,788 and $926,173, respectively.&nbsp;Government grants related to
assets are recorded as long term liabilities and are recognized as an offset to depreciation expense on a straight-line basis
over the useful life of the associated asset. The Group received government grants related to assets of $1,383,487, $1,172,160
and $113,735 during the years ended December&nbsp;31, 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(q) Income taxes</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Deferred income taxes are recognized for
temporary differences between the tax bases of assets and liabilities and their reported amount in the consolidated financial
statements, net operating loss carry-forwards and credits by applying enacted tax rates applicable to future years. Deferred tax
assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or
all of the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant
taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in
which temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of changes
in tax rates is recognized in the statement of operations in the period of the enactment of the change. The components of the
deferred tax assets and liabilities are individually classified as current and non-current based on the characteristics of the
underlying assets and liabilities, or the expected timing of their use when they do not relate to a specific asset or liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(r) Share-based compensation</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group recognizes share-based compensation
in the statement of operations based on the fair value of equity awards on the date of the grant, with compensation expense recognized
over the period in which the grantee is required to provide service to the Group in exchange for the equity award. The Group has
made an estimate of expected forfeiture and is recognizing compensation costs only for those equity awards expected to vest. The
share-based compensation expenses have been categorized as either selling, general and administrative expenses, research and development
expenses and cost of sales, depending on the job functions of the grantees. For the years ended December&nbsp;31, 2012, 2013 and
2014, the Group recognized share-based compensation expense of $2,249,834, $1,881,401 and $1,792,819, respectively, which was
classified as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left; text-indent: -10pt; padding-left: 10pt">Selling, general and administrative expenses</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">2,018,817</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,743,768</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,544,078</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Research and development expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175,242</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60,987</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,310</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Cost of sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">55,775</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">76,646</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">236,431</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,249,834</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,881,401</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,792,819</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 23pt"><B><I>(s) (Loss) earnings per share</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Basic (loss) earnings per ordinary share
are computed by dividing the net (loss) net income attributable to ordinary shares by the weighted average number of ordinary
shares outstanding during the year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Diluted earnings per share is calculated
by dividing net income attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares,
if any, by the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the year.
Diluted earnings per share is computed using the treasury stock method. During the years ended December&nbsp;31, 2012, 2013 and
2014, the ordinary shares issuable upon the exercise of outstanding share options of nil, nil and 5,003,667 shares are included
in the calculation of dilutive earnings per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(t) Foreign currency translation</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The reporting currency of the Company is
the United States dollar (&ldquo;U.S. dollar&rdquo;). The functional currency of the Company is the U.S. dollar. Monetary assets
and liabilities denominated in other currencies other than the U.S. dollar are translated into U.S. dollar at the rates of exchange
in effect at the balance sheet dates. Transactions dominated in currencies other than the U.S. dollar during the year are converted
into U.S. dollar at the applicable rates of exchange prevailing when the transactions occur. Transaction gains and losses are
recorded in the statements of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The financial records of the Company&rsquo;s
PRC subsidiaries and VIE are maintained in Chinese Renminbi (&ldquo;RMB&rdquo;), which is their functional currency. Assets and
liabilities are translated at the exchange rates at the balance sheet date. Equity accounts are translated at historical exchange
rates. Revenues, expenses, gains and losses are translated at average rate of exchange prevailing during the periods presented.
Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive
income in the statement of changes in equity and comprehensive income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The RMB is not a freely convertible currency.
The State Administration for Foreign Exchange of People&rsquo;s Republic of China, under the authority of the People&rsquo;s Bank
of China, controls the conversion of RMB into foreign currencies. The value of the RMB is subject to changes in central government
policies and to international economic and political developments affecting supply and demand in the China foreign exchange trading
system market. The Group&rsquo;s aggregate amount of cash and cash equivalents and restricted cash denominated in RMB amounted
to $11,436,370 and $24,356,970 as of December&nbsp;31, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(u) Comprehensive income</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Our financial statements include the Consolidated
Statements of Comprehensive (Loss) Income as required by new accounting guidance, which we retrospectively adopted during 2012.
As of December 31, 2013 and 2014, Accumulated Other Comprehensive Income was comprised entirely of foreign currency translation
adjustments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 2012, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(v) Fair value of financial instruments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group estimates fair value of financial
assets and liabilities as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date (also referred to as an exit price). The fair value measurement guidance establishes
a hierarchy for inputs used in measuring fair value that gives the highest priority to observable inputs and the lowest priority
to unobservable inputs. Valuation techniques used to measure fair value shall maximize the use of observable inputs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 92%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Level 1&mdash;Valuation
    techniques in which all significant inputs are unadjusted quoted prices from active markets for assets or liabilities that
    are identical to the assets or liabilities being measured.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 92%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Level 2&mdash;Valuation
    techniques in which significant inputs include quoted prices from active markets for assets or liabilities that are similar
    to the assets or liabilities being measured and/or quoted prices for assets or liabilities that are identical or similar to
    the assets or liabilities being measured from markets that are not active. Also, model-derived valuations in which all significant
    inputs and significant value drivers are observable in active markets are Level 2 valuation techniques.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 92%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Level 3&mdash;Valuation
    techniques in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are
    valuation technique inputs that reflect the Group&rsquo;s own assumptions about the assumptions that market participants would
    use to price an asset or liability.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">When available, the Group measures the fair
value of financial instruments based on quoted market prices in active markets, valuation techniques that use observable market-based
inputs or unobservable inputs that are corroborated by market data. Pricing information the Group obtains from third parties is
internally validated for reasonableness prior to use in the consolidated financial statements. When observable market prices are
not readily available, the Group generally estimates fair value using valuation techniques that rely on alternate market data
or inputs that are generally less readily observable from objective sources and are estimated based on pertinent information available
at the time of the applicable reporting periods. In certain cases, fair values are not subject to precise quantification or verification
and may fluctuate as economic and market factors vary and the Group&rsquo;s evaluation of those factors changes. Although the
Group uses its best judgment in estimating the fair value of these financial instruments, there are inherent limitations in any
estimation technique. In these cases, a minor change in an assumption could result in a significant change in its estimate of
fair value, thereby increasing or decreasing the amounts of the Group&rsquo;s consolidated assets, liabilities, shareholders&rsquo;
equity and net income or loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group&rsquo;s financial instruments
include cash and cash equivalents, restricted cash, accounts receivable, other current assets, amount due from related parties,
accounts payable, other current liabilities, payables for purchase of property, plant and equipment, amounts due to related parties
and short-term and current portion of long-term bank borrowings. The carrying amounts of these short-term financial instruments
approximate their fair values due to the short-term maturity of these instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The fair values of the Group&rsquo;s plant
and equipment and long-term bank borrowings as of December&nbsp;31, 2013 and 2014 are estimated by discounted cash flow technique
using an interest rate corresponding to debt with similar maturities and risks on the measurement date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DAQO NEW ENERGY
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FOR THE YEARS
ENDED DECEMBER 31, 20112, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(In U.S. dollars,
except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(w) Variable Interest Entity</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The Group uses a qualitative approach in
assessing the consolidation requirement for variable interest entities. The approach focuses on identifying which enterprise has
the power to direct the activities that most significantly impact the variable interest entity's economic performance and which
enterprise has the obligation to absorb losses or the right to receive benefits from the variable interest entity. In the event
that the Group is the primary beneficiary of a variable interest entity, the assets, liabilities, and results of operations of
the variable interest entity will be included in the Group's Consolidated Financial Statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(x) Noncontrolling interest</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The noncontrolling interest represents Daqo
Group&rsquo;s equity interest in Daqo New Material. The Group classified the ownership interest in the consolidated entity held
by a party other than the Group to noncontrolling interest in the consolidated financial statements. It also reported the consolidated
net income at amounts that include the amounts attributable to both the parent and the noncontrolling interest on the face of
the consolidated statements of operations and comprehensive income. On December 31, 2013, Daqo New Material was deconsolidated,
therefore the noncontrolling interest was $nil as of December 31, 2013 and 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(y) Treasury Stock</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">On July 9, 2012, the Company's Board of
Directors authorized the Company to repurchase up to $5 million in aggregate value of its outstanding ordinary shares through
open market or other legally permissible means prior to December 31, 2012 in accordance with applicable securities laws.. During
the year ended December 31, 2012, the Company repurchased 2,836,670 shares for a total purchase price of $500,724. The Company
has legal title to the shares, and no other party has the voting rights associated with these shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><B><I>(z) Recent accounting pronouncements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">On August 27, 2014, the FASB issued ASU
2014-15, which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their
financial statements. The new standard requires management to perform interim and annual assessments of an entity&rsquo;s ability
to continue as a going concern within one year of the date of issuance of the entity&rsquo;s financial statements (or within one
year after the date on which the financial statements are available to be issued, when applicable). Further, an entity must provide
certain disclosures if there is &ldquo;substantial doubt about the entity&rsquo;s ability to continue as a going concern.&rdquo;
The ASU is effective for annual periods ending after December 15, 2016, and interim periods thereafter. Early adoption is permitted.
The Group is in the process of evaluating the impact on its consolidated financial statements upon adoption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">In May 2014, the FASB issued a new pronouncement
which affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters
into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance
contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition,
and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition&mdash;Construction-Type
and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of
nonfinancial assets that are not in a contract with a customer (e.g. assets within the scope of Topic 360, Property, Plant, and
Equipment, and intangible assets within the scope of Topic 350, Intangibles&mdash;Goodwill and Other) are amended to be consistent
with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The core principle of the guidance is that
an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects
the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle,
an entity should apply the following steps:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Step 1: Identify the contract(s) with a
customer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Step 2: Identify the performance obligations
in the contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Step 3: Determine the transaction price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Step 4: Allocate the transaction price to
the performance obligations in the contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Step 5: Recognize revenue when (or as) the
entity satisfies a performance obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">For a public entity, the amendments in this
ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting
period. Early application is not permitted. An entity should apply the amendments in this ASU using one of the following two methods:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">1. Retrospectively to each prior reporting
period presented and the entity may elect any of the following practical expedients:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">For completed contracts, an entity need
not restate contracts that begin and end within the same annual reporting period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">For completed contracts that have variable
consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable
consideration amounts in the comparative reporting periods.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">For all reporting periods presented before
the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance
obligations and an explanation of when the entity expects to recognize that amount as revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">2. Retrospectively with the cumulative effect
of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method it also
should provide the additional disclosures in reporting periods that include the date of initial application of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">The amount by which each financial statement
line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect
before the change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Group is in the process of evaluating the impact on its
consolidated financial statements upon adoption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>3. EXIT and DISPOSAL ACTIVITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>(a) Disposal of Nanjing Daqo</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">On September 28, 2012, in order to focus on
the Group's core competency and enhance operating efficiency, the Group sold 100% equity interests in Nanjing Daqo to our related
party, Daqo Group, after the Group failed to identify a third party investor from its public bidding procedure undertaken through
the Nanjing Property Right Trading Center for a total consideration of RMB62 million (US$9.9 million). The sales price was determined
with reference to the valuation result as of March 31, 2012 performed by an independent third party valuer, which determined the
fair value to approximate the net asset value of approximately $12.0 million, less the operating loss of Nanjing Daqo incurred
during the period from April 1, 2012 to September 28, 2012 of approximately $2.1 million. The loss from discontinued operation
of $2,392,228 represents the aggregation of the loss incurred by Nanjing Daqo during the period from January 1, 2012 to September
28, 2012 of $3,491,527 and the gain on disposition of $1,099,299, which was the reclassification of foreign currency translation
gain from other comprehensive income of $1,099,299. There were no remaining assets or liabilities associated with discontinued
operations in the consolidated balance sheet as of December 31, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The discontinued operations were retrospectively reflected for
all the prior years presented in the consolidated statements of operations. The operating results reported as discontinued operations
for the years ended December 31, 2012 are summarized as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December 31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">2012</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%">Revenues</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">6,454,830</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Operating costs and expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,946,357</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Loss from discontinued operations before income taxes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,491,527</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income tax benefit</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Loss from discontinued operations</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(3,491,527</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>(b) Relocation of Polysilicon Operations to Xinjiang</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">As of December 31, 2013, the Group had a plan
to expand the capacity at the Xinjiang plant and is in the process of relocating significant production assets, with a carrying
value of $ 144.7 million, from Chongqing Daqo to its Xinjiang plant. In connection with this relocation plan, the Group determined
i) to cease a retooling project at its polysilicon production line located at Chongqing Daqo in the second quarter of 2013, and
ii) it was more practical to relocate its machinery and equipment located at Chongqing Daqo, to Xinjiang as part of the Polysilicon
Phase II Expansion Project plan. The Group expects to fully ramp up this expansion project by the end of the second quarter of
2015. Therefore, the Group recorded an impairment charge of $158.4 million in connection with this decision in the second quarter
of 2013 and subsequently terminated its lease arrangement with Daqo New Material on December 30, 2013. As of December 31, 2013,
the Group has incurred approximately $0.8 million in employee termination costs and $0.5 million in connection with relocation
costs, all of which were recorded in selling, general and administrative expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">In August 2014, the Board of Directors approved
the Company to launch an early stage research for the Polysilicon Phase III Expansion Project in Xinjiang. After a comprehensive
analysis of the capacity and comparability of the Chongqing machinery and equipment, the Company concluded that it would be more
efficient to use part of the machinery and equipment in Phrase III, rather than using all of them in Phrase II Expansion Project.
As a result, the Company has changed its original relocation plan and determined to utilize a portion of these equipment and machinery
in Polysilicon Phase III Expansion Project in Xinjiang.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">As of December 31, 2014, about $46.1 million
of $116.1 million of the machinery and equipment have been relocated from Chongqing Daqo to its Xinjiang plant for Polysilicon
Phase II Expansion Project, which is expected to be fully ramp up by the end of the second quarter of 2015. The Company expects
to complete the Polysilicon Phase III Expansion Project by early 2017, and the remaining machinery and equipment of $70.0 million
will be relocated from Chongqing to Xinjiang then. The Group spent approximately $0.5 million on a quarterly basis to keep these
machinery and equipment in good condition, including $0.3 million wages and $0.2 million electricity fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
change to the original relocation plan indicated that the carrying amount of the remaining machinery and equipment of
$70.0 million may not be recoverable. The Group engaged an independent valuation firm to assist in performing the
recoverability test. Based on the test, the Group concluded that the estimated sum of the undiscounted cash flows expected to be
generated from the use and eventual disposition of the polysilicon group were in substantial excess of the carrying amount,
and no impairment was noted as of December 31, 2014.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">During the year ended December 31, 2014, additional
$0.8 million relocation cost occurred, which was recorded in selling, general and administrative expenses. No material liabilities,
including contract termination costs, are recorded in connection with this relocation plan as of December 31, 2013 and 2014.&nbsp;The
Group expects to incur additional costs of $2.3 million in relocating the equipment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>4. FOLLOW-ON EQUITY OFFERING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.95pt">In May 2014, the Company issued and sold
2,000,000 America depositary shares (&quot;ADSs&quot;), representing 50,000,000 ordinary shares, through a follow-on equity offering.
The proceeds, net of issuance cost of $3.4 million, were $54.6 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;<B>5. ALLOWANCES FOR DOUBTFUL RECEIVABLES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Group made provisions for doubtful accounts
receivables in the aggregate amount of $359,733 and $5,482,019 during the year ended 2012 and 2013. The Group reversed provision
for doubtful accounts receivables in the aggregate amount of $3,823,744 during the year ended December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Analysis of allowances for accounts receivable
is as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2012</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 51%; text-align: left">Beginning of the year</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,202,940</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,592,467</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">7,160,782</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Allowances (Reversal) during the year</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">359,733</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,482,019</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,823,744</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Foreign exchange effect</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,794</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">86,296</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(147,928</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Closing balance</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,592,467</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">7,160,782</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,189,110</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As of December 31, 2013, the Group provided full allowance for
certain long aging receivables based on available information on the customer's deteriorated credit risks and poor financial performance.
In 2014, along with the recovery of solar industry and continued legal actions, the Group was able to collect payments on these
receivable, as such, an allowance of $4,171,528 previously recorded has been reversed in 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>5. PREPAID EXPENSE AND OTHER CURRENT ASSETS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Prepaid expense and other current assets consist
of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 66%; text-align: left; text-indent: -10pt; padding-left: 10pt">Spare parts</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">6,264,805</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">6,385,388</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Prepaid Value added tax (&ldquo;VAT&rdquo;)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,273,592</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,857,017</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Prepaid insurance fee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">218,865</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">226,564</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,113,428</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">366,900</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">23,870,690</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,835,869</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>6. INVENTORIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Inventories consist of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 66%; text-align: left; text-indent: -10pt; padding-left: 10pt">Raw materials</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">2,084,050</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">1,362,944</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Work-in-process</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,666,821</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,411,360</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Finished goods&#9;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,749,385</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,807,480</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">10,500,256</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,581,784</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Inventory write-down was $14,821,620, $29,905,734
and $175,568 for the years ended December&nbsp;31, 2012, 2013and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>7. PROPERTY, PLANT AND EQUIPMENT, NET</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Property, plant and equipment, net, consist
of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Cost</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 66%; text-align: left; text-indent: -10pt; padding-left: 10pt">Buildings and plant</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">235,690,310</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">233,230,935</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Machinery and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">355,429,064</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">351,409,724</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Furniture, fixtures and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,329,752</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,469,913</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Motor vehicles</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">262,562</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">257,408</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Less: Accumulated depreciation</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(145,031,744</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(169,264,463</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Property, plant and equipment, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">467,679,944</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">434,103,517</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Construction in process</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">20,824,239</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">124,902,602</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">488,504,183</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">559,006,119</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">Depreciation expense was $37,371,791, $52,250,595
and $28,007,943 for the years ended December&nbsp;31, 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">The Group recognized impairments for long-lived
assets of $42,754,481, $158,424,827 and $nil during the years ended December 31, 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>8. BORROWINGS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Group&rsquo;s bank borrowings consisted
of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 66%; text-align: left; text-indent: -10pt; padding-left: 10pt">Short-term bank borrowings</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">68,821,014</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">90,443,007</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Long-term bank borrowings, current
    portion</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">50,049,843</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">69,360,869</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Total borrowings, current</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">118,870,857</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">159,803,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Long-term bank borrowings, non-current
    portion</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">134,870,287</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">77,336,160</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">253,741,144</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">237,140,036</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Short-term bank borrowings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Group&rsquo;s short-term bank borrowing
consisted of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 66%; text-align: left">Short-term bank borrowing guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xiang
    Xu</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">28,080,770</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">27,389,890</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Short-term bank borrowing guaranteed by Daqo Group and a third party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,562,670</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,278,190</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Short-term credit bank borrowings</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,177,574</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">51,774,927</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">68,821,014</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">90,443,007</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Group had available credit of $18.2 million
and $8.5 million under its short-term bank facilities with various banks as of December 31, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">The weight average interest
rate on the short-term bank borrowing was 6.4% and 6.8% as of December&nbsp;31, 2013 and 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Long-term bank borrowings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The long-term bank borrowings, including current
portion, as of December&nbsp;31, 2013 and 2014 are comprised of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 66%; text-align: left; text-indent: -10pt; padding-left: 10pt">Borrowing from China Construction Bank</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">7,102,783</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">6,444,680</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Borrowing from Huaxia Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,679,096</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,778,720</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Borrowing from Bank of China</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">123,885,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">101,503,710</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Borrowing from Chongqing Rural Commercial
    Bank</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">18,252,501</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,969,919</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">184,920,130</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">146,697,029</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">On January&nbsp;21, 2009, Chongqing Daqo entered
into a six-year long term facility agreement with China Construction Bank. Such borrowing is restricted to the purchase of fixed
assets and has a maximum borrowing credit amounted to $64.4&nbsp;million (RMB400 million), bearing a standard five-year long term
interest rate issued by People&rsquo;s Bank of China. The borrowing is guaranteed by Daqo Group and Mr. Guangfu Xu. As of December&nbsp;31,
2014, Chongqing Daqo had drawn down $64.4 million (RMB400 million) and had no facility available for future draw down. Chongqing
Daqo had repaid $58.0 million (RMB360 million) as of December 31, 2014, and the remaining $6.4 million (RMB40 million) had also
been repaid in January 2015. There are no financial covenants associated with the facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">On September&nbsp;28, 2011,
Chongqing Daqo entered into a four-year credit facility agreement with Huaxia Bank with maximum amount of $64.4&nbsp;million (RMB400
million). Chongqing Daqo drew down $61.2 million (RMB380 million), including: $20.9 million (RMB130 million) with fixed interest
rate of 6.65%, which is designated for working capital and $40.3 million (RMB250 million) with fixed interest rate of 6.9% which
is restricted to the purchase of fixed assets. Chongqing Daqo used the remaining facility of $3.2 million (RMB20 million) through
use of bank acceptance notes. As of December 31, 2014, Chongqing Daqo had repaid 38.7 million (RMB240 million) and had no facility
available for future draw down. This credit facility is guaranteed by Daqo Group and also collateralized by Chongqing Daqo&rsquo;s
land use right and plant amounting to $8.7 million as of December 31, 2014.The facility contains a financial covenant, and Chongqing
Daqo was in compliance as of December&nbsp;31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">On September&nbsp;30, 2011, Xinjiang Daqo entered
into a six-year bank borrowing agreement with Bank of China. Such borrowing is restricted to the purchase of fixed assets and
has a maximum borrowing amount of $120.8&nbsp;million (RMB750 million) and bears interest at standard five-year long term interest
rate issued by People&rsquo;s Bank of China plus 5%. As of December&nbsp;31, 2014, Xinjiang Daqo had drawn down $120.8&nbsp;million
(RMB750 million) and repaid $19.3 million (RMB 120 million) and had no facility available for future draw down. The borrowing
is guaranteed by Daqo Group, Daqo New Material, two affiliated companies under Daqo Group and Mr.&nbsp;Guangfu Xu. On June 30,
2014, an amendment to this credit facility was signed between Xinjiang Daqo and Bank of China, under which machinery and equipment
with a total carrying amount of $103.4 million was pledged as collaterals for this credit facility. The borrowing contains a financial
covenant, and Xinjiang Daqo was in compliance as of December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">On October&nbsp;26, 2011,
Chongqing Daqo entered into a four-year credit facility agreement with Chongqing Rural Commercial Bank. Such borrowing is restricted
to the purchase of fixed assets and has a maximum borrowing amount $39.6 million (RMB 245.5 million) and bears interest at three
to five-year long term interest rate issued by People&rsquo;s Bank of China plus 10%. The borrowing is guaranteed by Daqo Group,
and two directors of the Company. As of December&nbsp;31, 2014, Chongqing Daqo had drawn down $39.6 million (RMB 245.5 million)
and repaid $26.6 million (RMB 165 million) and had no facility for future draw down. There are no financial covenants associated
with the facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The weighted average interest rate as of December&nbsp;31,
2013 and 2014 for the Group&rsquo;s long-term bank borrowings was 7.2% and 6.9%, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The principal maturities of these long-term
bank borrowings as of December 31, 2014 are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>December&nbsp;31,
    2014</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; text-align: left; text-indent: -10pt; padding-left: 10pt">2015</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">69,360,869</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,279,250</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">2017</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">37,056,910</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt; text-align: left">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">146,697,029</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Accrued expenses and other current liabilities
consist of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 66%; text-align: left; text-indent: -10pt; padding-left: 10pt">Accrued payroll and welfare</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">2,588,312</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">3,309,850</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Accrued professional fees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">624,825</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">576,786</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Other tax payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,378,963</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,263,055</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Interest payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">305,087</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">148,995</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Government subsidy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">908,496</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Contingent liability (Note 17)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">400,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,655,938</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,256,977</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,461,621</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,955,663</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>10. ADVANCES FROM CUSTOMERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Advances from customers represent prepayments
from customers and are recognized as revenue in accordance with the Group&rsquo;s revenue recognition policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Advances from customers consist of the following
and is analyzed as long term and short term portion respectively:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 66%; text-align: left; text-indent: -10pt; padding-left: 10pt">Customer A*</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">15,987,573</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">8,041,836</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Customer G</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,220,355</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,405,619</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Customer H</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,996,550</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,937,418</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">262,747</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">25,141,896</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">10,710,202</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Less: Current portion of advances
    from customers</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,217,775</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,308,535</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Long term advances from customers</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">11,924,121</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,401,667</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">* Pursuant to the terms of the Group's revised supply agreement
with this customer the Group will deliver monthly amounts of polysilicon, totaling no less than RMB2.4 million (equivalent of
$0.4 million) from April 2014 to September 2016, or until such time as the advance has been fully utilized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>11. FAIR VALUE MEASUREMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The following table presents the financial instruments
for which fair value does not approximate carrying value as of December&nbsp;31, 2013 and 2014:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center">As of December&nbsp;31, 2013</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center">As of December&nbsp;31, 2014</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; vertical-align: top">Carrying&nbsp;Value</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; vertical-align: top">Fair Value</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">Carrying<BR> Value</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; vertical-align: top">Fair Value</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; text-align: left; text-indent: -10pt; padding-left: 10pt">Long-term bank borrowing</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">134,870,287</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">124,047,823</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">77,336,160</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">71,422,148</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Nonrecurring Fair Value Measurements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">The following table displays assets and liabilities
that were measured at fair value on a non-recurring basis after initial recognition;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="18" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Year
    ended December&nbsp;31, 2013</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 0.5pt solid"><B>Description</B></P></TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Carrying</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>amount</B></FONT></TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Quoted&nbsp;Prices&nbsp;in</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Active Markets</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>for Identical</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Assets (Level 1)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Significant</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Other</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Observable</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Inputs&nbsp;(Level&nbsp;2)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Significant</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Unobservable</B></FONT><BR>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Inputs&nbsp;(Level&nbsp;3)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Total&nbsp;Losses</B></FONT></TD>
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 9.5pt; text-indent: -9.5pt; width: 45%; padding-bottom: 2.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Long-lived
    assets held and used</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-bottom: Black 2.5pt double"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 8%; border-bottom: Black 2.5pt double"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">307,942,362</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-bottom: Black 2.5pt double"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 8%; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-bottom: Black 2.5pt double"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">149,517,535</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-bottom: Black 2.5pt double"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 8%; border-bottom: Black 2.5pt double"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-bottom: Black 2.5pt double"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 8%; border-bottom: Black 2.5pt double"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">158,424,827</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-bottom: 2.5pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">During the year ended December 31, 2013,
long-lived assets held and used with a carrying amount of $308 million were written down to their fair value of $150 million,
resulting in an impairment charge of $158 million, about $143 million of this amount related to Daqo New Material. Based on the
nature of the property being assessed, buildings and land use rights, the fair value was estimated using direct comparison method
under the market approach. The direct comparison method is a set of procedures in which a value indication is derived by comparing
the real estate being appraised to similar real estate that have been sold recently. Then applying appropriate units of comparison
and making adjustments to the sale prices of the comparable based on the elements of comparison such as differences in location,
size, decoration and year of completion, etc. to derive at the fair value of the real estate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>12. MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>(a) China Contribution Plan</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Full time employees of the Group in the PRC
participate in a government-mandated, multi-employer, defined contribution plan pursuant to which certain pension benefits, medical
care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. PRC labor regulations
require the Group to accrue for these benefits based on a certain percentage of the employees&rsquo; salaries. Contributions to
defined contribution plans are expensed as incurred. During the years ended December&nbsp;31, 2012, 2013 and 2014, the Group recognized
$3,325,383, $3,142,213 and $3,130,308 respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>(b) Statutory Reserves</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Foreign invested enterprises in PRC are required
under PRC laws to provide for certain statutory reserves, such as a general reserve, an enterprise expansion fund and a staff
welfare and bonus fund. These entities are required to allocate at least 10% of their after tax profits as reported in their PRC
statutory financial statements to the general reserve and have the right to discontinue allocations to the general reserve if
the balance of such reserve have reached 50% of their registered capital. These statutory reserves are not available for distribution
to the owners (except in liquidation) and may not be transferred in the form of loans, advances or cash dividends. As of December&nbsp;31,
2013 and 2014, $16,803,191 and $20,190,729 was respectively appropriated from the accumulated loss of Chongqing Daqo. As a result
of these PRC laws and regulations, the Company&rsquo;s PRC subsidiaries are restricted in their abilities to transfer the registered
capital and statutory reserves to the Company in the form of dividends, loans or advances and the restricted portion amounted
to $124,814,365 and $182,840,330 as of December&nbsp;31, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>13. INCOME TAXES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>Cayman Islands Tax</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Company is incorporated in the Cayman Islands
and is not subject to tax in this jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>PRC Tax</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Company&rsquo;s subsidiaries are registered
in the PRC as foreign invested enterprises. Under the Laws of the People&rsquo;s Republic of China on Enterprise Income Tax (the
&ldquo;EIT Law&rdquo;) which are effective January&nbsp;1, 2008, the statutory enterprise income tax rate is 25%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chongqing Daqo is a foreign invested enterprise located in Chongqing.
In accordance with a PRC tax regulation which encourages investment in China&rsquo;s southwest region, Chongqing Daqo is entitled
to a preferential tax rate of 15% from its establishment through 2012. On November 19, 2012, Chongqing Daqo obtained a High and
New Technology Enterprise (&ldquo;HTNE&rdquo;) certificate for a valid period of 3 years till 2014. During the years ended December
31, 2013 and 2014, Chongqing Daqo was entitled to a preferential tax rate of 15% because of its HTNE status.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Daqo New Material, which was deconsolidated
on December 31, 2013, is a domestic enterprise registered in Chongqing and is subject to an income tax rate of 25% for each of
the two years ended December&nbsp;31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Nanjing Daqo is a foreign-invested enterprise
established on December&nbsp;20, 2007 located in Nanjing. The Group started to carry out its operation from July, 2011, and was
disposed on September 28, 2012. It is subject to an income tax rate of 25% for the year ended December&nbsp;31, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Xinjiang Daqo is a foreign-invested enterprise
established on February, 2012 located in Shihezi Economic Development Area in Xinjiang Autonomous Region. The entity was subject
to an income tax rate of 25% for the years ended December&nbsp;31, 2012 and 2013. On November 25, 2014, Xin Jiang Daqo was entitled
to a preferential tax rate of 15%, because of the obtainment of a High and New Technology Enterprise (&ldquo;HTNE&rdquo;) certificate
for a valid period of 3 years till 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>United States</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Daqo America was liquidated in 2013 and it was
subject to United States income tax at a combined federal and state tax rate of 40% in 2012 and 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Under the current EIT Law and implementation
regulations issued by the PRC State Council, an income tax rate of 10% is applicable to interest and dividends payable to investors
that are &ldquo;non-resident enterprises&rdquo;, which do not have an establishment or place of business in the PRC, or which
have such establishment or place of business but the relevant income is not effectively connected with the establishment or place
of business, to the extent such interest or dividends have their sources within the PRC. The Company's PRC subsidiaries did not
have retained earnings as of December&nbsp;31, 2014, therefore, no provision for PRC dividend withholding tax has been provided
thereon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Group made its assessment of the level of
authority for each tax position (including the potential application of interests and penalties) based on the tax positions&rsquo;
technical merits, and measured the unrecognized benefits associated with the tax positions. The Group did not have any unrecognized
tax benefits as of December&nbsp;31, 2013 and 2014. The Group does not anticipate that unrecognized tax benefits will significantly
increase or decrease within the next twelve months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">According to PRC Tax Administration and Collection
Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer
or withholding agent. The statute of limitations will be extended five years under special circumstances, which are not clearly
defined (but an underpayment of tax liability exceeding RMB0.1 million is specifically listed as a special circumstance). In the
case of a related party transaction, the statute of limitations is ten years. There is no statute of limitations in the case of
tax evasion. From inception to 2013, the Group&rsquo;s PRC subsidiaries are subject to examination of the PRC tax authorities.
The Group classifies interest and penalties associated with taxes as income tax expense. Such charges were immaterial in the years
ended December&nbsp;31, 2012, 2013 and 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Income tax expenses comprise:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2012</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left; text-indent: -10pt; padding-left: 10pt">Current Tax Expenses (Benefit)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(1,894,736</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(162,621</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Deferred Tax Expenses (Benefit)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,148,323</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,434,386</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">10,253,587</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,271,765</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The principal components of deferred income
tax assets and liabilities are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="margin-left: 0.5in; border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left; text-indent: -10pt; padding-left: 10pt">Net operating loss carried forward</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">29,784,578</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">27,349,606</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Inventory write-down</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,531,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,141</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Bad debt provision</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,518,953</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">478,367</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Government grants related to assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">423,938</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">498,582</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Long-lived asset impairment &amp; depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,083,996</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,009,037</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Others</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">290,652</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">748,018</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Sub-total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">56,633,867</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">50,109,751</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Valuation Allowance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(56,633,867</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(50,109,751</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Deferred tax assets are analyzed as:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Current</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Non-current</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The changes of valuation allowance are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2012</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left; text-indent: -10pt; padding-left: 10pt">Beginning balance</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">37,682,733</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">56,633,867</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Additions (Reversal)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37,238,701</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56,697,096</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,168,917</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Deconsolidation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(39,357,744</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Foreign exchange effect</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">444,032</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,611,782</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,355,199</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Ending Balance</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">37,682,733</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">56,633,867</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">50,109,751</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;The Group uses the asset and liability
method to record related deferred tax assets and liabilities. The Group considers positive and negative evidence to determine
whether some portion or all of the deferred tax assets will more likely than not be realized. This assessment considers, among
other matters, the nature, frequency and severity of operating losses, forecasts of future profitability, the duration of statutory
carry forward periods, the Group&rsquo;s experience with tax attributes expiring unused and tax planning alternatives. Valuation
allowances have been established for deferred tax assets based on a more likely than not threshold. The ultimate realization of
deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences
become deductible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">As of December 31, 2014, Chongqing Daqo and
Xinjiang Daqo had net operating losses carried forward of $109.4 million, and nil respectively, accordingly all the related deferred
tax assets of $27.4 million was contributed by Chongqing Daqo. Almost all the deductible difference of long-lived asset impairment
&amp; depreciation was from Chongqing Daqo as well as of December 31, 2014. Based on the related operating performance and the
level of projections for future taxable income over the periods in which the deferred tax assets are deductible, the Group believes
it is not more likely than not that the Group will realize the benefits of these deductible differences, therefore full valuation
allowance was applied as of December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Group uses the asset and liability method
to record related deferred tax assets and liabilities. In assessing the reliability of deferred tax assets, the Group considers
whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization
of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences
become deductible. Based on the continuous operating losses suffered and the level of projections for future taxable income over
the periods in which the deferred tax assets are deductible, the Group believes it is not more likely than not that the Group
will realize the benefits of these deductible differences of Chongqing Daqo and Xinjiang Daqo as at December&nbsp;31, 2014. The
amount of the deferred tax asset considered realizable, however, could be reduced in the near term if estimates of future taxable
income during the carry-forward period are reduced. Xinjiang Daqo and Chongqing Daqo had net operating losses carried forward
of approximately $109,398,425 and $nil, respectively, which would expire if not used before December 31, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The effective income tax rate of the Group is
different from the expected PRC statutory rate as a result of the following items:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year&nbsp;ended&nbsp;December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2012</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2013</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">PRC Enterprise Income Tax</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">25</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">25</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">25</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Preferential income tax rate of a subsidiary</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Effect of different reversal rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Additional tax deductions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Non-deductible expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Different tax rate in other jurisdictions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Changes in valuation allowance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(35</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Tax credits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Prior year adjustment</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Effective tax rate</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(10</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)%</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(1</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)%</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt">Xinjiang Daqo and Chongqing Daqo enjoy the
preferential tax rate of 15%, which may be extended if the requirements of High and New Technology Enterprise are satisfied. The
impact of the preferential tax rates decreased income taxes by $nil, $nil and $ 3.0 million for the years of 2012, 2013 and 2014,
respectively. The benefit on net income per share was $nil, $ nil and $0.01 for the years of 2012, 2013 and 2014, respectively.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>14. SHARE BASED COMPENSATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">In December 2014, The Company&rsquo;s shareholders
adopted the 2014 share incentive plan. The Company&rsquo;s shareholders have authorized the issuance of up to 21,000,000 ordinary
shares underlying all options (including incentive share options, or ISOs), restricted shares and restricted share units granted
to a participant under the plan, or the awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">During the years ended December&nbsp;31, 2012,
2013 and 2014, the Company granted 1,190,000 and 140,000 and 6,274,166 share options respectively to its officers, directors and
employees, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">On January 28, 2014, the Company granted options
to acquire 566,666 ordinary shares to independent directors of the Company pursuant to the Option Plan. Twenty-five percent (25%)
of the options will vest half- year following the service inception date, twenty-five percent (25%) of the options will vest on
the second half year of service inception date, and the remaining forty percent (50%) of the options will vest in twenty-four
equal installments over the next two years. The exercise price is $1.49.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">On January 28, 2014, the Company granted options
to acquire 5,707,500 ordinary shares to employees and executive officers of the Company pursuant to the Option Plan. Twenty-five
percent (25%) of the options will vest half- year following the service inception date, twenty-five percent (25%) of the options
will vest on the second half year of service inception date, and the remaining forty percent (50%) of the options will vest in
thirty-six equal installments over the next three years. The exercise price is $1.49.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Company utilized the Binomial option pricing
model to evaluate the fair value of the stock options with reference to the closing price of the Company on the measurement dates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The following assumptions were used in the Binomial
option pricing model:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="16" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended December&nbsp;31,
    2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">Options granted</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average<BR> risk-free<BR>
    rate of<BR> return</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Exercise<BR> multiple</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Volatility<BR> rate</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Dividend<BR> yield</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Post-<BR> vesting<BR>
    forfeiture<BR> rate</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-indent: -10pt; padding-left: 10pt">April 3, 2013</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2.29</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">2.8 times</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">51.78</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="16" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended December&nbsp;31,
    2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">Options granted</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average<BR> risk-free<BR>
    rate of<BR> return</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Exercise<BR> multiple</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Volatility<BR> rate</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Dividend<BR> yield</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Post-<BR> vesting<BR>
    forfeiture<BR> rate</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-indent: -10pt; padding-left: 10pt">January 28, 2014</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2.77</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">3.0-3.5 times</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">93.0</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3-9.5</FONT></TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The risk-free rate of return is based on the
yield curve of China USD sovereign bond commensurate with the same maturity at the respective grant dates. The exercise multiple
is estimated by reference to the proprietary research and empirical studies. The expected volatility is based on the average of
historical daily annualized share price volatility of 6 comparable companies over a normalized period that commensurate with the
option life of 10 years. The post-vesting forfeiture rate is based on the historical data and management&rsquo;s best</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">estimation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">A summary of the aggregate option activity and
information regarding options outstanding as of December&nbsp;31, 2014 is as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 23pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number&nbsp;of<BR> Options</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Weighted<BR> Average<BR>
    Exercise<BR> Price</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Weighted<BR> Average<BR>
    Remaining<BR> Contract&nbsp;Life</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Aggregate<BR> Intrinsic<BR>
    Value</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-indent: -10pt; padding-left: 10pt">Options outstanding on January&nbsp;1, 2014</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">6,371,250</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">0.25</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 10.7pt; padding-left: 10pt">Granted</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,274,166</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.49</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 10.7pt; padding-left: 10pt">Forfeited</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(112,500</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.49</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 10.7pt; padding-left: 10pt">Expired</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,500</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.49</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: 10.7pt; padding-left: 10pt">Exercised</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(150,000</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.25</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Options outstanding on December&nbsp;31, 2014</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">12,375,416</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.87</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">7.23</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,016,816</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Options vested or expected to
    vest on December&nbsp;31, 2014</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">8,693,171</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.47</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">6.02</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,763,445</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Options exercisable on December&nbsp;31, 2014</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">7,353,583</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.51</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">6.07</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">4,689,250</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The share-based compensation charge related
to the share options of approximately $2,249,834 and $1,881,401 and $1,792,819 was recognized by the Company for the years ended
December&nbsp;31, 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The weighted average grant date fair value of
options granted during the year ended December&nbsp;31, 2012, 2013 and 2014 was $0.23 and $0.11 and $0.98, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">As of December&nbsp;31, 2014, there was $ 4,700,682
in total unrecognized compensation cost related to non-vested stock options, which is expected to be recognized over a weighted-average
period of 2.97 years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>15. RELATED PARTY TRANSACTIONS AND BALANCES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The relationships between the Group and related
    party are as follows:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse; margin-left: 0.25in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 0.75pt solid"><B>Name of the related
        party</B></P></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 46%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 0.75pt solid"><B>Relationship</B></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Daqo Group</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Daqo Group and the Group are controlled by same</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">group of shareholders.</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Zhenjiang&nbsp;Daqo&nbsp;Solar&nbsp;Co.&nbsp;Ltd(&ldquo;Zhenjiang&nbsp;Daqo)&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Daqo Solar Co. Ltd (&ldquo;Daqo Solar&rdquo;)
    </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Nanjing Daqo</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which was
    100% held by the Group before September 28, 2012 and is 100% held by Daqo Group since September 28, 2012</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Daqo Xinjiang Investment Co., Ltd.
    (&quot;Xinjiang Daqo Investment&quot;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Daqo New Material Co., Ltd. (&quot;Daqo
    New Material&quot;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">An affiliated company which is 100% held by Daqo</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Group, and was consolidated by the Company as VIE on</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">December 31, 2013</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chongqing Daqo Tailai Electric Co.,
    Ltd. (&ldquo;Chongqing Daqo Tailai&rdquo;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Nanjing Daqo Transformer Systems Co., Ltd. (&ldquo;Nanjing
        Daqo Transformer&rdquo;)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jiangsu Daqo Changjiang Electric Co.,
    Ltd. (&ldquo;Jiangsu Daqo&rdquo;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Nanjing Daqo Electric Co., Ltd. (&ldquo;Nanjing
    Daqo Electric&rdquo;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Zhenjiang Klockner-Moeller Electrical
    Systems Co., Ltd. (&ldquo;Zhenjiang Moeller&rdquo;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Nanjing Intelligent Apparatus Co.,
    Ltd. (&ldquo;Intelligent Apparatus&rdquo;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Nanjing Intelligent Software Co., Ltd.
    (&ldquo;Intelligent Software&rdquo;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Daqo Investment Co., Ltd. (&ldquo;Daqo
    Investment&rdquo;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Shanghai Sailfar Electric Technology
    Co., Ltd. (&ldquo;Daqo Sailfar&rdquo;)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An affiliated company which is 100%
    held by Daqo Group</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Related party balances:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The balance with Daqo Group and its subsidiaries
was as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The balances due from related parties mainly
included the consideration for the transfer of 100% ownership of Nanjing Daqo to Daqo Group and amount due from Zhenjiang Daqo
for sales of wafer and polysilicon. Such balances are unsecured, interest-free, and are payable on demand. The balances are as
follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Amount due from related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 78%; text-align: left; text-indent: -10pt; padding-left: 10pt">Zhenjiang Daqo</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">6,898,980</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">4,551,846</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Daqo Group</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,465,561</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,110,085</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">51,911</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">325,037</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">13,416,452</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">9,986,968</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Interest free loans due to related parties received
primarily for working capital purposes from Daqo Solar and Xinjiang Daqo Investment, wholly-owned subsidiaries of Daqo Group.
The balances are payable on demand and are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Amount due to related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 78%; text-align: left; text-indent: -10pt; padding-left: 10pt">Daqo Solar</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">66,750,009</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">54,275,617</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Xinjiang Daqo investment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,482,300</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,104,709</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Daqo New Material</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">449,988</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,950,746</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Chongqing Daqo Tailai</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,755,326</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Nanjing Daqo Transformer</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,546</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,595,659</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Daqo Group</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">461,796</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,339,128</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Jiangsu Daqo</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,437</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,200,018</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Nanjing Daqo</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,651,810</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Nanjing Daqo Electric</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,697</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">742,747</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Others*</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">643,207</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">734,201</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">88,537,790</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">89,698,151</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;* The remaining balance of amount due
to related party of $734, 201 as of December 31, 2014 was comprised of Zhenjiang Moeller, Intelligent Apparatus, Intelligent Software,
Daqo Investment, Daqo Sailfar and Zhenjiang Daqo in the amount of $310,395, $302,807, $54,461, $5,360, $34, and $61,144, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The transactions with Daqo Group and its subsidiaries were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">Transaction</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended December
    31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">Name of Related parties</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">Nature</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left">Daqo Group</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 34%">Purchase-Fixed asset</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">7,849,533</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">486,948</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Proceeds from interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">813,105</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,821,462</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Repayment of interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">813,105</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,115,813</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Disposition of 100% equity interest of Nan Jing Daqo</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,888,742</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Zhenjiang Daqo</TD><TD>&nbsp;</TD>
    <TD>Sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,799,428</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,471,866</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,554,320</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Daqo Solar</TD><TD>&nbsp;</TD>
    <TD>Sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,595,680</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Prepayment received</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,497,973</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Proceeds from interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">76,881,392</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">157,241,390</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Repayment of interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,379,678</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">166,231,092</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Nanjing Daqo</TD><TD>&nbsp;</TD>
    <TD>Sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80,126</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">112</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Proceeds from interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">973,898</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Repayment of interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,921,693</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Related party interest bearing loan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,584,820</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Interest charged</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,611</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Xinjiang Daqo Investment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Prepayment received</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,354,620</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Proceeds from interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">58,389,643</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">98,367,234</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Repayment of interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,193,785</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93,219,846</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Daqo New Material</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Proceeds from interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,729,501</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Repayment of interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,600,117</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Rental expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,071,287</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Others subsidiaries under Daqo Group</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Proceeds from interest free loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">636</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Purchase-Fixed asset**</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">202,556</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">157,742</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,714,476</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">Purchase-Raw material</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,282</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">Sales</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">2,799,427</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">13,471,866</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">19,150,112</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Disposition of 100% equity interest in Nanjing Daqo</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">9,888,742</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">Purchase-Fixed asset</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">8,052,089</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">157,742</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">7,201,424</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">Purchase-Raw material</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,282</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Rental expense</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,071,287</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Interest expense</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">40,611</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Prepayment received*</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">15,852,593</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Proceeds from interest free loans</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,584,820</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">136,084,140</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">275,134,122</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Repayment of interest free loans</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">69,386,568</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">275,088,560</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">* Prepayment has been considered a related party loan given there
has been no deliveries since the prepayment was provided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">** The transactions of $6,714,476 in 2014 were comprised of the
purchase of fixed assets from Nanjing Daqo Electric, Nanjing Daqo Transformer, Jiangsu Daqo, Chongqing Daqo Tailai and Intelligent
Apparatus in the amount of $763,856, $1,913,941, $1,165,346, $2,724,790 and 146,543, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>16. EARNINGS PER SHARE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The calculation of earnings per share is as
follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Numerator used in basic and diluted earnings per share:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; text-align: left; padding-bottom: 1pt">Net (loss) income attributable to Daqo New Energy Corp. ordinary
    shareholders&mdash;basic and diluted</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">(111,928,891</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">(70,943,484</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">16,649,176</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Denominator used in basic and diluted earnings per share:</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Weighted average number of ordinary shares outstanding used in computing earnings per share-basic</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175,067,343</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">173,068,420</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">206,349,976</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Plus: share options</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,003,667</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Weighted average number of ordinary shares outstanding used in computing
    earnings per share&mdash;diluted</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">175,067,343</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">173,068,420</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">211,353,643</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&mdash;Basic</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.64</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.41</TD><TD STYLE="padding-bottom: 1pt; text-align: left">))</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.08</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&mdash;Diluted</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.64</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.41</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.08</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Outstanding employee options totaling of 7,179,500,
6,371,250 and 6,154,166 were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive
for the year ended December&nbsp;31, 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>17. COMMITMENTS AND CONTINGENCIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>Capital commitments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">As of December&nbsp;31, 2014, commitments outstanding
for the purchases of property, plant and equipment approximated $34.8 million, which will be due subsequent to receipt of the
purchases.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>Lease commitments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The operating lease commitments as of December
31, 2014 were principally for its facility in Daqo New Material. The lease expense was $580,724, $164,811 and $1,071,287 for the
year ended December 31, 2012, 2013 and 2014, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Future minimum lease payments are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif; margin-left: 1in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Year ending December&nbsp;31</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">USDUSD</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 83%; text-align: left; text-indent: -10pt; padding-left: 20">2015</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 14%; text-align: right">1,071,287</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20">2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,071,287</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20">2017</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">2,142,574</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23pt"><B><I>Legal Matter</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The Group is the defendant in arbitration involving
a supplier claiming approximately $0.8 million from alleged breach of an equipment supply contract. The Group determined that
the likelihood of loss is probable and the best estimate of loss is $0.4 million. Accordingly, the contingent liability of $0.4
million was accrued in &quot;Accrued Expenses And Other Current Liabilities&quot; as of December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>18. VARIABLE INTEREST ENTITY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The equity interests in Daqo New Material, the
VIE, are funded by Daqo Group. Daqo New Material was structured to acquire land use rights and to erect certain facilities for
the future use of the Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The lease agreement with the VIE is structured
such that Chongqing Daqo protect Daqo Group from potential losses from Daqo New Material. As a result of this agreement, Chongqing
Daqo is the primary beneficiary of Daqo New Material. Lease income and expenses and associated receivables and payables are eliminated
upon consolidation as intercompany transactions. Net income of the VIE is reflected as an adjustment to noncontrolling interest.
The Group relies on the lease agreements with Daqo New Material for material property, plant and equipment necessary for production.
If Daqo New Material fails to perform or terminates the lease agreement for any reason, including, for example, due to its breach
of the agreement or the unavailability of any required governmental approvals, or if it refuses to extend or renew the lease agreement
when the agreement expires, and the Group cannot find an immediately available alternative source for leasing similar property,
plant and equipment, then the Group&rsquo;s ability to carry on the operations will be impaired. If Daqo New Material fails to
perform its obligations, the Group may need to initiate legal procedures to enforce the agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On December 31, 2013, Chongqing Daqo and Daqo
New Material terminated this lease agreement. As a result of the change, Chongqing Daqo no longer has the power to direct the
activities that most significantly impact Daqo New Material's operations, and as such Chongqing Daqo ceased to be the primary
beneficiary of Daqo New Material and deconsolidated the entity on the date the lease arrangement was terminated, December 30,
2013. No gain or loss was recorded on termination of VIE arrangement. After deconsolidation, Daqo New Material remains a related
party of the Group. On January 1, 2014, Chongqing Daqo signed a new operating lease agreement with Daqo New Material with respect
to certain limited facilities, including the dining hall, office space and portions of the employee dormitory which it uses for
its wafer business located nearby. The term of the lease is three years and the annual rental for these facilities is approximately
$1 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">Daqo New Material leased all of its assets for
use in the Group&rsquo;s operations before December 30 ,2014. The revenues, operating costs and expenses and net income of the
VIE are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Year
    ended December&nbsp;31,</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2012</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2013</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2014</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; width: 67%; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Revenues</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10,743,336</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">*</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Operating
    costs and expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">14,451,810</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">150,147,024 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net
    income (loss)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3,708,474)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(150,147,024
    </FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">)&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;*
The lease term was amended at the beginning of 2013 and reduced the rent to $0 per month and was later terminated on December
30, 2013.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>19. SEGMENT INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&rsquo;s chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results
when making decisions about allocating resources and assessing performance of the Group. Following the further expansion of module
business and entering into the wafer business in 2011</FONT>, <FONT STYLE="font: 10pt Times New Roman, Times, Serif">the Group
operated and viewed its performance in three segments. However, on September 28, 2012, the module business was disposed (see Note
3). Therefore, only two segments remained in 2013 and 2014, and the segment information in prior years was restated to be consistent
with the current year reportable segments. Furthermore, the Group's chief operating decision maker is not provided with asset
information by segment. As such, no asset information by segment is presented. The following tables summarized the Group&rsquo;s
revenue and cost generated from different revenue streams. Substantially all of its revenues are derived in the PRC. The Group&rsquo;s
long lived assets and operations are substantially all located in the PRC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The following table summarizes the Group&rsquo;s
revenue by segment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">Year ended December&nbsp;31,<BR>
    2012</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Polysilicon</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Wafer</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Elimination</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left; text-indent: -10pt; padding-left: 10pt">Revenue - External</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">73,450,807</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">13,407,594</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right"></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">86,858,401</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Revenue - Intersegment</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,067,339</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,067,339</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total revenue</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">79,518,146</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,407,594</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,067,339</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">86,858,401</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total Cost of revenue</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">110,243,043</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">20,114,680</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,067,339</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">124,290,384</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Gross loss</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(30,724,897</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(6,707,086</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(37,431,983</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">Year ended December&nbsp;31,<BR>
    2013</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Polysilicon</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Wafer</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Elimination</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left; text-indent: -10pt; padding-left: 10pt">Revenue &ndash; External</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">76,721,105</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">32,278,700</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">108,999,805</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Revenue - Intersegment</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,195,838</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(13,195,838</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Total revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89,916,943</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,278,700</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,195,838</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108,999,805</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total Cost of revenue</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">98,684,325</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">49,614,921</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(13,195,838</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">135,103,408</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Gross loss</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(8,767,382</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(17,336,221</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(26,103,603</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">Year ended December&nbsp;31,<BR>
    2014</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Polysilicon</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Wafer</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Elimination</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left; text-indent: -10pt; padding-left: 10pt">Revenue &ndash; External</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">127,692,325</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">54,879,527</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">182,571,852</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Revenue - Intersegment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,424,883</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(29,424,883</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Total Revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">157,117,208</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,879,527</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(29,424,883</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">182,571,852</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total Cost of revenue</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">119,703,550</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">47,861,811</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(28,256,850</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">139,308,511</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Gross Profit</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">37,413,658</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,017,716</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(1,168,033</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">43,263,341</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23pt">The following customers accounted for 10% or
more of revenues:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 86%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.75in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Year
    ended December&nbsp;31,</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2012</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2013</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2014</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; width: 52%; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Customer
    I</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">21,749,284</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Customer
    J</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;19,644,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;23,882,302</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Customer
    C</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;18,210,196</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Customer
    K</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;13,471,873</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">*</TD><TD>Represents less than 10%</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 131; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS&mdash;(Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>20. SUBSEQUENT EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16.55pt"></TD><TD STYLE="width: 21.6pt">1)</TD><TD>On January 12, 2015, the Company granted options to acquire
                                         600,000 ordinary shares to independent directors pursuant to the 2014 Option Plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 38.15pt; text-indent: -0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16.55pt"></TD><TD STYLE="width: 21.6pt">2)</TD><TD>On January 12, 2015, the Company granted options to acquire
                                         6,534,375 ordinary shares to directors, executive officers and employees pursuant to
                                         the 2014 Option Plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 38.15pt; text-indent: -0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16.55pt"></TD><TD STYLE="width: 21.6pt">3)</TD><TD>On January 12, 2015, the Company modified the exercise price
                                         for a total number of 6,274,166 options granted on January 28, 2014 from $1.49 per share
                                         to $0.87 per share.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 38.15pt; text-indent: -0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16.55pt"></TD><TD STYLE="width: 21.6pt">4)</TD><TD>In February 2015, the Company issued and sold 1,540,000 America
                                         depositary shares (&quot;ADSs&quot;), representing 38,500,000 ordinary shares, through
                                         a follow-on public offering. The proceeds, net of issuance cost of $2.1 million, were
                                         $28.0 million. The Company will use the net proceeds from this offering for general corporate
                                         purposes, including studying the feasibility of further expansion of its business, and
                                         working capital.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16.45pt"></TD><TD STYLE="width: 21.75pt">5)</TD><TD>In January 2015, Chongqing Daqo Tailai, a related party,
                                         entered into an one-year credit facility agreement with Pingan Bank in the amount of
                                         $32.2 million (RMB200 million), of which $6.5 million (RMB40 million) is guaranteed by
                                         the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 38.2pt; text-indent: -21.75pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B><A NAME="a_008"></A>FINANCIAL STATEMENT SCHEDULE
I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B>FINANCIAL INFORMATION OF
PARENT COMPANY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B>BALANCE SHEET</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B>DECEMBER 31, 2013 AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B>(In U.S. dollars, except
share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December&nbsp;31,</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -10pt; padding-left: 10pt">ASSETS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">CURRENT ASSETS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 78%; text-align: left; text-indent: -10pt; padding-left: 30pt">Cash and cash equivalents</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">5,187,046</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">4,493,150</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Prepaid expenses and other current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">177,487</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">204,682</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Amount due from related party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,110,085</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,110,085</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Total current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,474,618</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,807,917</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Investments in subsidiaries, net</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">127,203,565</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">197,571,399</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">TOTAL ASSETS</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">137,678,183</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">207,379,316</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD STYLE="font-size: 2.25pt">&nbsp;</TD>
    <TD STYLE="font-size: 2.25pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 2.25pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 2.25pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 2.25pt">&nbsp;</TD>
    <TD STYLE="font-size: 2.25pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 2.25pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 2.25pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -10pt; padding-left: 10pt">LIABILITIES AND SHAREHOLDERS&rsquo;
    EQUITY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">CURRENT LIABILITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Accrued expenses and other current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">351,622</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">324,720</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Amount due to related party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">286,526</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total current liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">351,622</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">611,246</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">EQUITY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 30pt">Ordinary shares ($0.0001 per value 500,000,000 shares authorized as of
    December 31, 2013 and 2014; 175,714,103 and 240,714,103 shares issued as of December 31, 2013 and 2014, respectively and 173,427,853
    and 223,577,853 shares outstanding as of December 31, 2013 and 2014, respectively)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,343</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,358</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Additional paid in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">146,676,163</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">203,125,494</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Retained accumulated losses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,667,469</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16,018,293</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Accumulated other comprehensive income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,699,196</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,037,183</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Treasury stock</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(398,672</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(398,672</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total shareholders&rsquo; equity</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">137,326,561</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">206,768,070</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">TOTAL LIABILITIES
    AND EQUITY</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">137,678,183</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">207,379,316</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 133; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FINANCIAL STATEMENT SCHEDULE I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FINANCIAL INFORMATION OF PARENT COMPANY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STATEMENT OF OPERATIONS AND COMPREHENSIVE
INCOME (LOSS)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">OPERATING EXPENSES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; text-align: left; text-indent: -10pt; padding-left: 30pt">General and administrative</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(3,528,728</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(2,979,454</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(2,738,085</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Research and development</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(175,242</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(76,646</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(12,310</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Total operating expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,703,970</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,056,100</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,750,395</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">LOSS FROM OPERATION</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,703,970</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,056,100</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,750,395</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Interest income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,074</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,130</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,144</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">NET LOSS BEFORE SHARE OF RESULTS OF SUBSIDIARIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,700,896</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,052,970</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,742,251</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 30pt">Equity in (losses) earnings of
    subsidiaries</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(108,228,045</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(67,890,514</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">19,391,427</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Net (loss) income attributable to
    Daqo New Energy Corporation ordinary shareholders</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(111,928,941</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(70,943,484</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,649,176</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Other comprehensive (loss) income:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Foreign currency translation adjustments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,206,182</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,148,190</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,662,013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total other comprehensive income
    (loss)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,206,182</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,148,190</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,662,013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Comprehensive (loss) income</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(109,722,759</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(66,795,294</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">12,987,163</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FINANCIAL STATEMENT SCHEDULE I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FINANCIAL INFORMATION OF PARENT COMPANY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STATEMENT OF CHANGES IN EQUITY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars, except share data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Ordinary
    shares</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Treasury
    Stock</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Additional</FONT><BR>
    <FONT STYLE="font-size: 7pt">paid in capital</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Retained</FONT><BR>
    <FONT STYLE="font-size: 7pt">earnings (accumulated</FONT><BR>
    <FONT STYLE="font-size: 7pt">losses)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Accumulated</FONT><BR>
    <FONT STYLE="font-size: 7pt">other</FONT><BR>
    <FONT STYLE="font-size: 7pt">comprehensive</FONT><BR>
    <FONT STYLE="font-size: 7pt">income</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Total</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Number</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD NOWRAP><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 7pt">Balance at January&nbsp;1, 2012</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">175,714,103</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">17,571</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">142,511,581</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">150,204,956</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">18,444,123</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">311,178,231</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Net loss</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(111,928,941</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(111,928,941</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Other comprehensive income</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,206,182</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,206,182</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 7pt">Share-based compensation</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,249,834</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,249,834</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">Repurchase</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(2,836,670</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(283</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(494,928</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(5,513</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(500,724</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Deconsolidation of Nanjing Daqo New Energy
    Co.,Ltd</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(1,099,299</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(1,099,299</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 7pt">Balance at December&nbsp;31, 2012</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">172,877,433</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">17,288</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(494,928</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">144,755,902</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">38,276,015</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">19,551,006</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">202,105,283</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Net loss</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(70,943,484</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(70,943,484</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Other comprehensive income</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,148,190</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,148,190</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 7pt">Share-based compensation</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,881,401</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,881,401</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Option Exercised</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">550,420</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">55</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">96,256</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">38,860</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">135,171</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Deconsolidation of VIE</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">Balance at December&nbsp;31, 2013</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">173,427,853</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">17,343</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(398,672</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">146,676,163</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(32,667,469</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">23,699,196</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">137,326,561</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Net income</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">16,649,176</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">16,649,176</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Other comprehensive income</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(3,662,013</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(3,662,013</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">Share-based compensation</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,792,819</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,792,819</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Option Exercised</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">150,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">15</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">37,065</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">37,080</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Follow-on equity offering</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">50,000,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">5,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">54,619,447</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">54,624,447</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">Balance at December&nbsp;31, 2014</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">223,577,853</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">22,358</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">(398,672</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">203,125,494</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">(16,018,293</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">20,037,183</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">206,768,070</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 135; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FINANCIAL STATEMENT SCHEDULE I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FINANCIAL INFORMATION OF PARENT COMPANY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STATEMENT OF CASH FLOWS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013
AND 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(In U.S. dollars)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">OPERATING ACTIVITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; text-align: left; text-indent: -10pt; padding-left: 30pt">Net (loss) income</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">(111,928,941</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">(70,943,484</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">16,649,176</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 30pt">Share of results of subsidiaries</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108,228,045</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">67,890,514</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,391,427</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 30pt">Share-based compensation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,249,834</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,881,401</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,792,819</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Adjustments to reconcile net income to net cash used
    in operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 50pt">Prepaid expenses and other current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(31,207</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">344,717</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(27,195</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 50pt">Changes in other current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">214,231</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">137,390</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,901</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 50pt">Amount due from related party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(210,523</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">286,526</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Net cash used in operating activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,478,561</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(689,462</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(717,002</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">INVESTING ACTIVITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Capital contributed to subsidiaries</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,811,175</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(54,638,421</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Cash collected from subsidiaries when liquidation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,390,250</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71,503</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Disposition of Nanjing Daqo</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,778,657</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Net cash used in investing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,357,732</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71,503</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(54,638,421</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">FINANCING ACTIVITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 30pt">Repurchase of ordinary shares</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(500,724</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Proceeds from follow-on equity offering</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">58,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Insurance cost for follow-on equity offering</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,375,553</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Proceeds from options exercised</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">135,171</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">37,080</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Net cash provided by financing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(500,724</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">135,171</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">54,661,527</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">NET INCREASE IN CASH AND CASH EQUIVALENTS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,378,447</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(482,788</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(693,896</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">CASH AND CASH EQUIVALENTS AT BEGINNING
    OF PERIOD</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,291,387</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,669,834</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,187,046</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">CASH AND CASH EQUIVALENTS AT END
    OF PERIOD</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,669,834</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,187,046</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">4,493,150</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Supplemental disclosure of cash flow information:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Disposition of Nanjing Daqo:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Total consideration</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">9,888,742</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Less: amount due from Daqo Group</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(5,110,085</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Total cash consideration received</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,778,657</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FINANCIAL STATEMENT SCHEDULE I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notes to Schedule I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Schedule I has been provided pursuant to the
    requirements of Rule 12-04(a) and 5-04(c) of Regulation S-X, which require condensed financial information as to the financial
    position, changes in financial position and results of operations of a parent company as of the same dates and for the same
    periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated
    subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The condensed financial information of Daqo
    New Energy Corp has been prepared using the same accounting policies as set out in the accompanying consolidated financial
    statements except that the equity method has been used to account for investments in its subsidiaries.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Certain information and footnote disclosures
    normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The footnote
    disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should
    be read in conjunction with the notes to the Consolidated Financial Statements of the Company.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December&nbsp;31, 2014, there were no
    material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of
    redeemable stocks or guarantees of the Company, except for those which have been separately disclosed in the Consolidated
    Financial Statement, if any.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-4.15
<SEQUENCE>2
<FILENAME>v404590_ex4-15.htm
<DESCRIPTION>EXHIBIT 4.15
<TEXT>
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<HEAD>
     <TITLE></TITLE>
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<P STYLE="margin: 0; text-align: right">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 4.15</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Letter of Support</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">TO THE BOARD OF DIRECTORS OF</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">DAQO NEW ENERGY CORP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We, as major shareholders, acknowledge the
net current liability position of Daqo New Energy Corp. as of September 30, 2014 and agree to provide necessary financial support
to Daqo New Energy Corp. and its subsidiaries so as to allow them to repay all its financial obligations as they fall due within
12 months from October 1, 2014, through Daqo Group Co., Ltd. (&ldquo;Daqo Group&rdquo;). another company wholly owned by the shareholders
of us and a related party of Daqo New Energy Corp., which has sufficient capital and access to resources and hence the ability
to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The details of our agreed financial support to Daqo New Energy Corp.
include the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.25pt">1.</TD><TD STYLE="text-align: justify">We agree that Daqo New Energy Corp. does NOT have to repay us the amount of RMB&nbsp;455&nbsp;million
owed as of September 30, 2014 to Daqo Group, Daqo Solar Co., Ltd., Xinjiang Daqo Investment Co., Ltd and Daqo New Material Co..
Ltd. before October 1, 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.25pt">2.</TD><TD STYLE="text-align: justify">In addition, we agree to provide Daqo New Energy Corp. additional financial funding to support
the Company&rsquo;s sustainable operation between October 1, 2014 and September 30, 2015. Daqo New Energy Corp. does NOT have to
repay us this amount before October 1, 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.25pt">3.</TD><TD STYLE="text-align: justify">In addition, the management of Daqo New Energy Corp. should immediately suspend the capacity expansion
project in its Xinjiang facilities if they don&rsquo;t have sufficient financial recourses to continue the project after repaying
all other financial obligations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.3in">We agree to provide funding to support the Company to
repay all the financial obligations already committed related to the capacity expansion project in its Xinjiang facilities. Daqo
New Energy Corp. does NOT have to repay us this amount before October 1, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">MILLION FORTUNE INTERNATIONAL LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Signature:</TD>
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid">/s/ Wanlin Gao</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">BEST MOUNT INTERNATIONAL LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Signature:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Jianrong Tang</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">ACE PRO HOLDINGS LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Signature:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Bin Cai</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">INSTANTUP INVESTMENTS LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Signature:</TD>
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid">/s/ Dafeng Shi</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">GOLD INTELLECT LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Signature:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Guangfu Xu</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">PLENTY CHINA LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Signature:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Xiang Xu</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">RUIAN INTERNATIONAL LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Signature:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Fei Ge</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">LUCKY PROSPER INVESTMENTS LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Signature:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Dafeng Shi</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">JIA XIN ENTERPRISES LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Signature:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Bin Cai</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">DAQO GROUP CO., LTD.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Signature:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Guangfu Xu</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD>December 10, 2014</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-4.16
<SEQUENCE>3
<FILENAME>v404590_ex4-16.htm
<DESCRIPTION>EXHIBIT 4.16
<TEXT>
<HTML>
<HEAD>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 4.16</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>DAQO
New energy corp.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2014 SHARE INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURPOSE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The purpose of this
DAQO New Energy Corp. 2014 Share Incentive Plan (the &ldquo;<U>Plan</U>&rdquo;) is to promote the success and enhance the value
of DAQO New Energy Corp., a company formed under the laws of the Cayman Islands (the &ldquo;<U>Company</U>&rdquo;), by linking
the personal interests of the members of the Board, Employees, and Consultants to those of the Company&rsquo;s shareholders and,
by providing such individuals with an incentive for outstanding performance, to generate superior returns to the Company&rsquo;s
shareholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain
the services of recipients of share incentives hereunder upon whose judgment, interest, and special effort the successful conduct
of the Company&rsquo;s operation is largely dependent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEFINITIONS AND CONSTRUCTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Wherever the following
terms are used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular
pronoun shall include the plural where the context so indicates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1&#9;&ldquo;<U>Applicable
Laws</U>&rdquo; means the legal requirements relating to the Plan and the Awards under applicable provisions of the corporate,
securities, tax and other laws, rules, regulations and government orders, and the rules of any applicable stock exchange or national
market system, of any jurisdiction applicable to Awards granted to residents therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.2&#9;&ldquo;<U>Award</U>&rdquo;
means an Option, Restricted Share or Restricted Share Unit award granted to a Participant pursuant to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.3&#9;&ldquo;<U>Award
Agreement</U>&rdquo; means any written agreement, contract, or other instrument or document evidencing an Award, including through
electronic medium.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.4&#9;&ldquo;<U>Award
Pool</U>&rdquo; shall have the meaning set forth in Section 3.1(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.5&#9;&ldquo;<U>Board</U>&rdquo;
means the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.6&#9;&ldquo;<U>Cause</U>&rdquo;
with respect to a Participant means (unless otherwise expressly provided in the applicable Award Agreement, or another applicable
contract with the Participant that defines such term for purposes of determining the effect that a &ldquo;for cause&rdquo; termination
has on the Participant&rsquo;s Awards) a termination of employment or service based upon a finding by the Service Recipient, acting
in good faith and based on its reasonable belief at the time, that the Participant:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#9;has been negligent
in the discharge of his or her duties to the Service Recipient, has refused to perform stated or assigned duties or is incompetent
in or (other than by reason of a disability or analogous condition) incapable of performing those duties;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#9;has been dishonest
or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized disclosure or use
of inside information, customer lists, trade secrets or other confidential information;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#9;has breached a
fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Service Recipient;
or has been convicted of, or plead guilty or nolo contendere to, a felony or misdemeanor (other than minor traffic violations or
similar offenses);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#9;has materially
breached any of the provisions of any agreement with the Service Recipient;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#9;has engaged in
unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of, the Service
Recipient; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#9;has improperly
induced a vendor or customer to break or terminate any contract with the Service Recipient or induced a principal for whom the
Service Recipient acts as agent to terminate such agency relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.7&#9;&ldquo;<U>Code</U>&rdquo;
means the Internal Revenue Code of 1986 of the United States, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.8&#9;&ldquo;<U>Committee</U>&rdquo;
means the Board or a committee of the Board described in ARTICLE 10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.9&#9;&ldquo;<U>Consultant</U>&rdquo;
means any consultant or adviser if: (a) the consultant or adviser renders bona fide services to a Service Recipient; (b) the services
rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction
and do not directly or indirectly promote or maintain a market for the Company&rsquo;s securities; and (c) the consultant or adviser
is a natural person who has contracted directly with the Service Recipient to render such services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.10&#9;&ldquo;<U>Corporate
Transaction</U>&rdquo;, unless otherwise defined in an Award Agreement, means any of the following transactions, provided, however,
that the Committee shall determine under (d) and (e) whether multiple transactions are related, and its determination shall be
final, binding and conclusive:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#9;an amalgamation,
arrangement or consolidation or scheme of arrangement (i) in which the Company is not the surviving entity, except for a transaction
the principal purpose of which is to change the jurisdiction in which the Company is incorporated or (ii) following which the holders
of the voting securities of the Company do not continue to hold more than 50% of the combined voting power of the voting securities
of the surviving entity;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#9;the sale, transfer
or other disposition of all or substantially all of the assets of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#9;the complete liquidation
or dissolution of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#9;any reverse takeover
or series of related transactions culminating in a reverse takeover (including, but not limited to, a tender offer followed by
a reverse takeover) in which the Company is the surviving entity but (A) the Company&rsquo;s equity securities outstanding immediately
prior to such takeover are converted or exchanged by virtue of the takeover into other property, whether in the form of securities,
cash or otherwise, or (B)&nbsp;in which securities possessing more than fifty percent (50%) of the total combined voting power
of the Company&rsquo;s outstanding securities are transferred to a person or persons different from those who held such securities
immediately prior to such takeover or the initial transaction culminating in such takeover, but excluding any such transaction
or series of related transactions that the Committee determines shall not be a Corporate Transaction; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#9;acquisition in
a single or series of related transactions by any person or related group of persons (other than the Company or by a Company-sponsored
employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing
more than fifty percent (50%) of the total combined voting power of the Company&rsquo;s outstanding securities but excluding any
such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.11&#9;&ldquo;<U>Disability</U>&rdquo;,
unless otherwise defined in an Award Agreement,<B> </B>means that the Participant qualifies to receive long-term disability payments
under the Service Recipient&rsquo;s long-term disability insurance program, as it may be amended from time to time, to which the
Participant provides services regardless of whether the Participant is covered by such policy. If the Service Recipient to which
the Participant provides service does not have a long-term disability plan in place, &ldquo;Disability&rdquo; means that a Participant
is unable to carry out the responsibilities and functions of the position held by the Participant by reason of any medically determinable
physical or mental impairment for a period of not less than ninety (90) consecutive days. A Participant will not be considered
to have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the Committee in its discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.12&#9;&ldquo;<U>Effective
Date</U>&rdquo; shall have the meaning set forth in Section 11.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.13&#9;&ldquo;<U>Employee</U>&rdquo;
means any person, including an officer or a member of the Board of the Company or any Parent or Subsidiary of the Company, who
is in the employment of a Service Recipient, subject to the control and direction of the Service Recipient as to both the work
to be performed and the manner and method of performance. The payment of a director&rsquo;s fee by a Service Recipient shall not
be sufficient to constitute &ldquo;employment&rdquo; by the Service Recipient.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.14&#9;&ldquo;<U>Exchange
Act</U>&rdquo; means the Securities Exchange Act of 1934 of the United States, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.15&#9;&ldquo;<U>Fair
Market Value</U>&rdquo; means, as of any date, the value of Shares determined as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#9;If the Shares
are listed on one or more established stock exchanges or national market systems, including without limitation, The New York Stock
Exchange and The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such shares (or the closing bid,
if no sales were reported) as quoted on the principal exchange or system on which the Shares are listed (as determined by the Committee)
on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last
trading date such closing sales price or closing bid was reported), as reported in The Wall Street Journal or such other source
as the Committee deems reliable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#9;If the Shares
are regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a recognized securities dealer,
its Fair Market Value shall be the closing sales price for such shares as quoted on such system or by such securities dealer on
the date of determination, but if selling prices are not reported, the Fair Market Value of a Share shall be the mean between the
high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that date, on
the last date such prices were reported), as reported in The Wall Street Journal or such other source as the Committee deems reliable;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#9;In the absence
of an established market for the Shares of the type described in (a) and (b), above, the Fair Market Value thereof shall be determined
by the Committee in good faith and in its discretion by reference to (i) the placing price of the latest private placement of the
Shares and the development of the Company&rsquo;s business operations and the general economic and market conditions since such
latest private placement, (ii) other third party transactions involving the Shares and the development of the Company&rsquo;s business
operation and the general economic and market conditions since such sale, (iii) an independent valuation of the Shares, or (iv)
such other methodologies or information as the Committee determines to be indicative of Fair Market Value and relevant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.16&#9;&ldquo;<U>Incentive
Share Option</U>&rdquo; means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.17&#9;&ldquo;<U>Independent
Director</U>&rdquo; means (i) if the Shares or other securities representing the Shares are not listed on a stock exchange, a member
of the Board who is a Non-Employee Director; and (ii) if the Shares or other securities representing the Shares are listed on a
stock exchange, a member of the Board who meets the independence standards under the applicable corporate governance rules of the
stock exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.18&#9;&ldquo;<U>Non-Employee
Director</U>&rdquo; means a member of the Board who qualifies as a &ldquo;Non-Employee Director&rdquo; as defined in Rule 16b-3(b)(3)
of the Exchange Act, or any successor definition adopted by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.19&#9;&ldquo;<U>Non-Qualified
Share Option</U>&rdquo; means an Option that is not intended to be an Incentive Share Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.20&#9;&ldquo;<U>Option</U>&rdquo;
means a right granted to a Participant pursuant to ARTICLE 5 of the Plan to purchase a specified number of Shares at a specified
price during specified time periods. An Option may be either an Incentive Share Option or a Non-Qualified Share Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.21&#9;&ldquo;<U>Participant</U>&rdquo;
means a person who, as a member of the Board, Consultant or Employee, has been granted an Award pursuant to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.22&#9;&ldquo;<U>Parent</U>&rdquo;
means a parent corporation under Section 424(e) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.23&#9;&ldquo;<U>Plan</U>&rdquo;
means this DAQO New Energy Corp. 2014 Share Incentive Plan, as it may be amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.24&#9;&ldquo;<U>Related
Entity</U>&rdquo; means any business, corporation, partnership, limited liability company or other entity in which the Company,
a Parent or Subsidiary of the Company holds a substantial ownership interest, directly or indirectly, but which is not a Subsidiary
and which the Board designates as a Related Entity for purposes of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.25&#9;&ldquo;<U>Restricted
Share</U>&rdquo; means a Share awarded to a Participant pursuant to ARTICLE 6 that is subject to certain restrictions and may be
subject to risk of forfeiture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.26&#9;&ldquo;<U>Restricted
Share Unit</U>&rdquo; means the right granted to a Participant pursuant to ARTICLE 7 to receive a Share at a future date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.27&#9;&ldquo;<U>Securities
Act</U>&rdquo; means the Securities Act of 1933 of the United States, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.28&#9;&ldquo;<U>Service
Recipient</U>&rdquo; means the Company, any Parent or Subsidiary of the Company and any Related Entity to which a Participant provides
services as an Employee, a Consultant, or a Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.29&#9;&ldquo;<U>Share</U>&rdquo;
means ordinary shares of the Company, par value US$0.0001 per share, and such other securities of the Company that may be substituted
for Shares pursuant to ARTICLE 9.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.30&#9;&ldquo;<U>Subsidiary</U>&rdquo;
means any corporation or other entity of which a majority of the outstanding voting shares or voting power is beneficially owned
or controlled directly or indirectly by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.31&#9;&ldquo;<U>Trading
Date</U>&rdquo; means the closing of the first sale to the general public of the Shares pursuant to a registration statement filed
with and declared effective by the U.S. Securities and Exchange Commission under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SHARES SUBJECT TO THE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.1&#9;<U>Number of
Shares</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#9;Subject to the
provisions of ARTICLE 9 and Section 3.1(b), the maximum aggregate number of Shares which may be issued pursuant to all Awards (including
Incentive Share Options) under the Plan (the &ldquo;Award Pool&rdquo;) shall be 21,000,000 Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#9;To the extent
that an Award terminates, expires, or lapses for any reason, any Shares subject to the Award shall again be available for the grant
of an Award pursuant to the Plan. To the extent permitted by Applicable Laws, Shares issued in assumption of, or in substitution
for, any outstanding awards of any entity acquired in any form or combination by the Company or any Parent or Subsidiary of the
Company shall not be counted against Shares available for grant pursuant to the Plan. Shares delivered by the Participant or withheld
by the Company upon the exercise of any Award under the Plan, in payment of the exercise price thereof or tax withholding thereon,
may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a). If any Restricted Shares are
forfeited by the Participant or repurchased by the Company, such Shares may again be optioned, granted or awarded hereunder, subject
to the limitations of Section 3.1(a). Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted
or awarded if such action would cause an Incentive Share Option to fail to qualify as an Incentive Share Option under Section 422
of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.2&#9;<U>Shares Distributed</U>.
Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares, treasury shares
(subject to Applicable Laws) or Shares purchased on the open market. Additionally, in the discretion of the Committee, American
Depository Shares in an amount equal to the number of Shares which otherwise would be distributed pursuant to an Award may be distributed
in lieu of Shares in settlement of any Award. If the number of Shares represented by an American Depository Share is other than
on a one-to-one basis, the limitations of Section 3.1 shall be adjusted to reflect the distribution of American Depository Shares
in lieu of Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ELIGIBILITY AND PARTICIPATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.1&#9;<U>Eligibility</U>.
Those eligible to participate in this Plan include Employees, Consultants, and all members of the Board, and other individuals,
as determined, authorized and approved by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.2&#9;<U>Participation</U>.
Subject to the provisions of the Plan, the Committee may, from time to time, select from among all eligible individuals, those
to whom Awards shall be granted and shall determine the nature and amount of each Award. No individual shall have any right to
be granted an Award pursuant to this Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.3&#9;<U>Jurisdictions</U>.
In order to assure the viability of Awards granted to Participants in various jurisdictions, the Committee may provide for such
special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom applicable
in the jurisdiction in which the Participant resides, is employed, operates or is incorporated. Moreover, the Committee may approve
such supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate
for such purposes without thereby affecting the terms of the Plan as in effect for any other purpose; <I>provided, however</I>,
that no such supplements, amendments, restatements, or alternative versions shall increase the share limitations contained in Section
3.1 of the Plan. Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted,
that would violate any Applicable Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OPTIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.1&#9;<U>General</U>.
The Committee is authorized to grant Options to Participants on the following terms and conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#9;<U>Exercise Price</U>.
The exercise price per Share subject to an Option shall be determined by the Committee and set forth in the Award Agreement which
may be a fixed or variable price related to the Fair Market Value of the Shares. The exercise price per Share subject to an Option
may be amended or adjusted in the absolute discretion of the Committee, the determination of which shall be final, binding and
conclusive. For the avoidance of doubt, to the extent not prohibited by Applicable Laws or any exchange rule, a downward adjustment
of the exercise prices of Options mentioned in the preceding sentence shall be effective without the approval of the Company&rsquo;s
shareholders or the approval of the affected Participants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#9;<U>Time and Conditions
of Exercise</U>. The Committee shall determine the time or times at which an Option may be exercised in whole or in part, including
exercise prior to vesting; <I>provided</I> that the term of any Option granted under the Plan shall not exceed ten years, except
as provided in Section 12.1. The Committee shall also determine any conditions, if any, that must be satisfied before all or part
of an Option may be exercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#9;<U>Payment</U>.
The Committee shall determine the methods by which the exercise price of an Option may be paid, the form of payment, including,
without limitation (i) cash or check denominated in U.S. Dollars, (ii) to the extent permissible under the Applicable Laws, cash
or check in Chinese Renminbi, (iii) cash or check denominated in any other local currency as approved by the Committee, (iv) Shares
held for such period of time as may be required by the Committee in order to avoid adverse financial accounting consequences and
having a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof,
(v) after the Trading Date the delivery of a notice that the Participant has placed a market sell order with a broker with respect
to Shares then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net
proceeds of the sale to the Company in satisfaction of the Option exercise price; <I>provided</I> that payment of such proceeds
is then made to the Company upon settlement of such sale, (vi) other property acceptable to the Committee with a Fair Market Value
equal to the exercise price, or (vii) any combination of the foregoing. Notwithstanding any other provision of the Plan to the
contrary, no Participant who is a member of the Board or an &ldquo;executive officer&rdquo; of the Company within the meaning of
Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option in any method which would violate Section
13(k) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#9;<U>Evidence of
Grant</U>. All Options shall be evidenced by an Award Agreement between the Company and the Participant. The Award Agreement shall
include such additional provisions as may be specified by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#9;<U>Effects of
Termination of Employment or Service on Options</U>. Termination of employment or service shall have the following effects on Options
granted to the Participants:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&#9;<U>Dismissal
for Cause</U>. Unless otherwise provided in the Award Agreement or determined by the Committee, if a Participant&rsquo;s employment
by or service to the Service Recipient is terminated by the Service Recipient for Cause, the Participant&rsquo;s Options will terminate
upon such termination, whether or not the Option is then vested and/or exercisable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#9;<U>Death or
Disability</U>. Unless otherwise provided in the Award Agreement, if a Participant&rsquo;s employment by or service to the Service
Recipient terminates as a result of the Participant&rsquo;s death or Disability:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>the Participant (or his or her legal representative or beneficiary, in the case of the Participant&rsquo;s Disability or death,
respectively), will have until the date that is 12 months after the Participant&rsquo;s termination of Employment to exercise the
Participant&rsquo;s Options (or portion thereof) to the extent that such Options were vested and exercisable on the date of the
Participant&rsquo;s termination of Employment on account of death or Disability;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>the Options, to the extent not vested and exercisable on the date of the Participant&rsquo;s termination of Employment or service,
shall terminate upon the Participant&rsquo;s termination of Employment or service on account of death or Disability; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>the Options, to the extent exercisable for the 12-month period following the Participant&rsquo;s termination of Employment
or service and not exercised during such period, shall terminate at the close of business on the last day of the 12-month period.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#9;<U>Other Terminations
of Employment or Service</U>. Unless otherwise provided in the Award Agreement, if a Participant&rsquo;s employment by or service
to the Service Recipient terminates for any reason other than a termination by the Service Recipient for Cause or because of the
Participant&rsquo;s death or Disability:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>the Participant will have until the date that is 90 days after the Participant&rsquo;s termination of Employment or service
to exercise his or her Options (or portion thereof) to the extent that such Options were vested and exercisable on the date of
the Participant&rsquo;s termination of Employment or service;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>the Options, to the extent not vested and exercisable on the date of the Participant&rsquo;s termination of Employment or service,
shall terminate upon the Participant&rsquo;s termination of Employment or service; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>the Options, to the extent exercisable for the 90-day<B> </B>period following the Participant&rsquo;s termination of Employment
or service and<B> </B>not exercised during such period, shall terminate at the close of business on the last day of the 90-day
period.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.2&#9;<U>Incentive
Share Options</U>. Incentive Share Options may be granted to Employees of the Company, a Parent or Subsidiary of the Company. Incentive
Share Options may not be granted to Employees of a Related Entity or to Independent Directors or Consultants. The terms of any
Incentive Share Options granted pursuant to the Plan, in addition to the requirements of Section 5.1, must comply with the following
additional provisions of this Section 5.2:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#9;<U>Expiration
of Option</U>. An Incentive Share Option may not be exercised to any extent by anyone after the first to occur of the following
events:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&#9;Ten years from
the date it is granted, unless an earlier time is set in the Award Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#9;Three months
after the Participant&rsquo;s termination of employment as an Employee; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#9;One year after
the date of the Participant&rsquo;s termination of employment or service on account of Disability or death. Upon the Participant&rsquo;s
Disability or death, any Incentive Share Options exercisable at the Participant&rsquo;s Disability or death may be exercised by
the Participant&rsquo;s legal representative or representatives, by the person or persons entitled to do so pursuant to the Participant&rsquo;s
last will and testament, or, if the Participant fails to make testamentary disposition of such Incentive Share Option or dies intestate,
by the person or persons entitled to receive the Incentive Share Option pursuant to the applicable laws of descent and distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#9;<U>Individual
Dollar Limitation</U>. The aggregate Fair Market Value (determined as of the time the Option is granted) of all Shares with respect
to which Incentive Share Options are first exercisable by a Participant in any calendar year may not exceed $100,000 or such other
limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Share Options are
first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Share Options.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#9;<U>Exercise Price</U>.
The exercise price of an Incentive Share Option shall be equal to the Fair Market Value on the date of grant. However, the exercise
price of any Incentive Share Option granted to any individual who, at the date of grant, owns Shares possessing more than ten percent
of the total combined voting power of all classes of shares of the Company may not be less than 110% of Fair Market Value on the
date of grant and such Option may not be exercisable for more than five years from the date of grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#9;<U>Transfer Restriction</U>.
The Participant shall give the Company prompt notice of any disposition of Shares acquired by exercise of an Incentive Share Option
within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer of such Shares to
the Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#9;<U>Expiration
of Incentive Share Options</U>. No Award of an Incentive Share Option may be made pursuant to this Plan after the tenth anniversary
of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#9;<U>Right to Exercise</U>.
During a Participant&rsquo;s lifetime, an Incentive Share Option may be exercised only by the Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESTRICTED SHARES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.1&#9;<U>Grant of
Restricted Shares</U>. The Committee, at any time and from time to time, may grant Restricted Shares to Participants as the Committee,
in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Shares
to be granted to each Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.2&#9;<U>Restricted
Shares Award Agreement</U>. Each Award of Restricted Shares shall be evidenced by an Award Agreement that shall specify the period
of restriction, the number of Restricted Shares granted, and such other terms and conditions as the Committee, in its sole discretion,
shall determine. Unless the Committee determines otherwise, Restricted Shares shall be held by the Company as escrow agent until
the restrictions on such Restricted Shares have lapsed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.3&#9;<U>Issuance
and Restrictions</U>. Restricted Shares shall be subject to such restrictions on transferability and other restrictions as the
Committee may impose (including, without limitation, limitations on the right to vote Restricted Shares or the right to receive
dividends on Restricted Shares). These restrictions may lapse separately or in combination at such times, pursuant to such circumstances,
in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.4&#9;<U>Forfeiture/Repurchase</U>.
Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon termination of employment
or service during the applicable restriction period, Restricted Shares that are at that time subject to restrictions shall be forfeited
or repurchased in accordance with the Award Agreement; <I>provided, however</I>, the Committee may (a) provide in any Restricted
Share Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Shares will be waived in
whole or in part in the event of terminations resulting from specified causes, and (b) in other cases waive in whole or in part
restrictions or forfeiture and repurchase conditions relating to Restricted Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.5&#9;<U>Certificates
for Restricted Shares</U>. Restricted Shares granted pursuant to the Plan may be evidenced in such manner as the Committee shall
determine. If certificates representing Restricted Shares are registered in the name of the Participant, certificates must bear
an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Shares, and the Company
may, at its discretion, retain physical possession of the certificate until such time as all applicable restrictions lapse.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.6&#9;<U>Removal of
Restrictions</U>. Except as otherwise provided in this ARTICLE 6, Restricted Shares granted under the Plan shall be released from
escrow as soon as practicable after the last day of the period of restriction. The Committee, in its discretion, may accelerate
the time at which any restrictions shall lapse or be removed. After the restrictions have lapsed, the Participant shall be entitled
to have any legend or legends under Section 6.5 removed from his or her Share certificate, and the Shares shall be freely transferable
by the Participant, subject to applicable legal restrictions. The Committee (in its discretion) may establish procedures regarding
the release of Shares from escrow and the removal of legends, as necessary or appropriate to minimize administrative burdens on
the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 7</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESTRICTED SHARE UNITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.1&#9;<U>Grant of
Restricted Share Units</U>. The Committee, at any time and from time to time, may grant Restricted Share Units to Participants
as the Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of
Restricted Share Units to be granted to each Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.2&#9;<U>Restricted
Share Units Award Agreement</U>. Each Award of Restricted Share Units shall be evidenced by an Award Agreement that shall specify
any vesting conditions, the number of Restricted Share Units granted, and such other terms and conditions as the Committee, in
its sole discretion, shall determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.3&#9;<U>Performance
Objectives and Other Terms</U>. The Committee, in its discretion, may set performance objectives or other vesting criteria which,
depending on the extent to which they are met, will determine the number or value of Restricted Share Units that will be paid out
to the Participants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.4&#9;<U>Form and
Timing of Payment of Restricted Share Units</U>. At the time of grant, the Committee shall specify the date or dates on which the
Restricted Share Units shall become fully vested and nonforfeitable. Upon vesting, the Committee, in its sole discretion, may pay
Restricted Share Units in the form of cash, in Shares or in a combination thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.5&#9;<U>Forfeiture/Repurchase</U>.
Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon termination of employment
or service during the applicable restriction period, Restricted Share Units that are at that time unvested shall be forfeited or
repurchased in accordance with the Award Agreement; <I>provided, however</I>, the Committee may (a) provide in any Restricted Share
Unit Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Share Units will be waived
in whole or in part in the event of terminations resulting from specified causes, and (b) in other cases waive in whole or in part
restrictions or forfeiture and repurchase conditions relating to Restricted Share Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROVISIONS APPLICABLE TO AWARDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.1&#9;<U>Award Agreement</U>.
Awards under the Plan shall be evidenced by Award Agreements that set forth the terms, conditions and limitations for each Award
which may include the term of an Award, the provisions applicable in the event the Participant&rsquo;s employment or service terminates,
and the Company&rsquo;s authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind an Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.2&#9;<U>Limits on
Transfer. </U>No right or interest of a Participant in any Award may be pledged, encumbered, or hypothecated to or in favor of
any party other than the Company or a Subsidiary, or shall be subject to any lien, obligation, or liability of such Participant
to any other party other than the Company or a Subsidiary. Except as otherwise provided by the Committee, no Award shall be assigned,
transferred, or otherwise disposed of by a Participant other than by will or the laws of descent and distribution. The Committee
by express provision in the Award or an amendment thereto may permit an Award (other than an Incentive Share Option) to be transferred
to, exercised by and paid to certain persons or entities related to the Participant, including but not limited to members of the
Participant&rsquo;s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial owners are members
of the Participant&rsquo;s family and/or charitable institutions, or to such other persons or entities as may be expressly approved
by the Committee, pursuant to such conditions and procedures as the Committee may establish. Any permitted transfer shall be subject
to the condition that the Committee receive evidence satisfactory to it that the transfer is being made for estate and/or tax planning
purposes (or to a &ldquo;blind trust&rdquo; in connection with the Participant&rsquo;s termination of employment or service with
the Company or a Subsidiary to assume a position with a governmental, charitable, educational or similar non-profit institution)
and on a basis consistent with the Company&rsquo;s lawful issue of securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.3&#9;<U>Beneficiaries</U>.
Notwithstanding Section 8.2, a Participant may, in the manner determined by the Committee, designate a beneficiary to exercise
the rights of the Participant and to receive any distribution with respect to any Award upon the Participant&rsquo;s death. A
beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all
terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award
Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Committee. If the Participant
is married and resides in a community property state, a designation of a person other than the Participant&rsquo;s spouse as his
or her beneficiary with respect to more than 50% of the Participant&rsquo;s interest in the Award shall not be effective without
the prior written consent of the Participant&rsquo;s spouse. If no beneficiary has been designated or survives the Participant,
payment shall be made to the person entitled thereto pursuant to the Participant&rsquo;s will or the laws of descent and distribution.
Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided the change
or revocation is filed with the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.4&#9;<U>Share Certificates</U>.
Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates evidencing
the Shares pursuant to the exercise of any Award, unless and until the Committee has determined, with advice of counsel, that the
issuance and delivery of such certificates is in compliance with all Applicable Laws, regulations of governmental authorities and,
if applicable, the requirements of any exchange on which the Shares are listed or traded. All Share certificates delivered pursuant
to the Plan are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply
with all Applicable Laws, and the rules of any national securities exchange or automated quotation system on which the Shares are
listed, quoted, or traded. The Committee may place legends on any Share certificate to reference restrictions applicable to the
Shares. In addition to the terms and conditions provided herein, the Committee may require that a Participant make such reasonable
covenants, agreements, and representations as the Committee, in its discretion, deems advisable in order to comply with any such
laws, regulations, or requirements. The Committee shall have the right to require any Participant to comply with any timing or
other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed
in the discretion of the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.5&#9;<U>Paperless
Administration</U>. Subject to Applicable Laws, the Committee may make Awards, provide applicable disclosure and procedures for
exercise of Awards by an internet website or interactive voice response system for the paperless administration of Awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.6&#9;<U>Foreign Currency</U>.
A Participant may be required to provide evidence that any currency used to pay the exercise price of any Award were acquired and
taken out of the jurisdiction in which the Participant resides in accordance with Applicable Laws, including foreign exchange control
laws and regulations. In the event the exercise price for an Award is paid in Chinese Renminbi or other foreign currency, as permitted
by the Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate promulgated by the
People&rsquo;s Bank of China for Chinese Renminbi, or, for jurisdictions other than the Peoples Republic of China, the exchange
rate as selected by the Committee on the date of exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 9</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>changes
in capital structure</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.1&#9;<U>Adjustments</U>.
In the event of any dividend, share split, combination or exchange of Shares, amalgamation, arrangement or consolidation, spin-off,
recapitalization or other distribution (other than normal cash dividends) of Company assets to its shareholders, or any other change
affecting the shares of Shares or the share price of a Share, the Committee shall make such proportionate adjustments, if any,
as the Committee in its discretion may deem appropriate to reflect such change with respect to (a) the aggregate number and type
of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1); (b)
the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria
with respect thereto); and (c) the grant or exercise price per share for any outstanding Awards under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.2&#9;<U>Corporate
Transactions</U>. Except as may otherwise be provided in any Award Agreement or any other written agreement entered into by and
between the Company and a Participant, if a Corporate Transaction occurs:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#9;The Committee
upon, or in anticipation of, a Corporate Transaction, may in its sole discretion provide for (i) any and all Awards outstanding
hereunder to terminate at a specific time in the future and shall give each Participant the right to exercise such Awards during
a period of time as the Committee shall determine, (ii) either the purchase of any Award for an amount of cash equal to the amount
that could have been attained upon the exercise of such Award or realization of the Participant&rsquo;s rights had such Award been
currently exercisable or payable or fully vested (and, for the avoidance of doubt, if as of such date the Committee determines
in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant&rsquo;s
rights, then such Award may be terminated by the Company without payment), (iii) the replacement of such Award with other rights
or property selected by the Committee in its sole discretion, the assumption of or substitution of such Award by the successor
or surviving corporation, or a Parent or Subsidiary thereof, with appropriate adjustments as to the number and kind of Shares and
prices, or (iv) provide for payment of Awards in cash based on the value of Shares on the date of the Corporate Transaction plus
reasonable interest on the Award through the date such Award would otherwise be vested or have been paid in accordance with its
original terms, if necessary to comply with Section 409A of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#9;If a Participant&rsquo;s
Awards are not converted, assumed, or replaced by a successor, as described in (c) below, such Awards shall become fully exercisable
and all forfeiture restrictions on such Awards shall lapse immediately prior to the specified effective date of such Corporate
Transaction, provided that the Participant remains an Employee, Consultant or Director on the effective date of the Corporate Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#9;If the Award either
is (i)&nbsp;assumed by the successor entity or Parent thereof or replaced with a comparable Award (as determined by the Committee)
with respect to shares of the capital stock of the successor entity or Parent thereof or (ii)&nbsp;replaced with a cash incentive
program of the successor entity which preserves the compensation element of such Award existing at the time of the Corporate Transaction
and provides for subsequent payout in accordance with the same vesting schedule applicable to such Award, then such Award (if assumed),
the replacement Award (if replaced), or the cash incentive program automatically shall become fully vested, exercisable and payable
and be released from any restrictions on transfer (other than transfer restrictions applicable to Options) and repurchase or forfeiture
rights, immediately upon termination of the Participant&rsquo;s employment or service with all Service Recipient within twelve
(12) months of the Corporate Transaction without cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.3&#9;<U>Outstanding
Awards &ndash; Other Changes</U>. In the event of any other change in the capitalization of the Company or corporate change other
than those specifically referred to in this ARTICLE 9, the Committee may, in its absolute discretion, make such adjustments in
the number and class of shares subject to Awards outstanding on the date on which such change occurs and in the per share grant
or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement of rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.4&#9;<U>No Other
Rights</U>. Except as expressly provided in the Plan, no Participant shall have any rights by reason of any subdivision or consolidation
of Shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution,
liquidation, merger, or consolidation of the Company or any other corporation. Except as expressly provided in the Plan or pursuant
to action of the Committee under the Plan, no issuance by the Company of shares of any class, or securities convertible into shares
of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of shares subject to
an Award or the grant or exercise price of any Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 10</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ADMINISTRATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.1&#9;<U>Committee</U>.
The Plan shall be administered by the Board or a committee of one or more members of the Board to whom the Board shall delegate
the authority to grant or amend Awards to Participants other than any of the Committee members. Any grant or amendment of Awards
to any Committee member shall then require an affirmative vote of a majority of the Board members who are not on the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.2&#9;<U>Action by
the Committee</U>. A majority of the Committee shall constitute a quorum. The acts of a majority of the members of the Committee
present at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee in lieu of a meeting,
shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report
or other information furnished to that member by any officer or other employee of the Company or any Subsidiary, the Company&rsquo;s
independent certified public accountants, or any executive compensation consultant or other professional retained by the Company
to assist in the administration of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.3&#9;<U>Authority
of the Committee</U>. Subject to any specific designation in the Plan, the Committee has the exclusive power, authority and discretion
to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">(a)&#9;designate
Participants to receive Awards;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">(b)&#9;determine
the type or types of Awards to be granted to each Participant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(c)&#9;determine
the number of Awards to be granted and the number of Shares to which an Award will relate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(d)&#9;determine
the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise price, grant price,
or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions
on the exercisability of an Award, and accelerations or waivers thereof, any provisions related to non-competition and recapture
of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(e)&#9;determine
whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise price of an Award may be
paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(f)&#9;prescribe
the form of each Award Agreement, which need not be identical for each Participant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(g)&#9;decide
all other matters that must be determined in connection with an Award;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(h)&#9;establish,
adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(i)&#9;interpret
the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(j)&#9;make
all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems necessary or advisable
to administer the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.4&#9;<U>Decisions
Binding</U>. The Committee&rsquo;s interpretation of the Plan, any Awards granted pursuant to the Plan, any Award Agreement and
all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 11</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EFFECTIVE AND EXPIRATION DATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.1&#9;<U>Effective
Date</U>. This Plan shall become effective on the date on which the Plan is approved by the Board (the &ldquo;<U>Effective Date</U>&rdquo;),
provided that the Plan is approved by the shareholders of the Company within twelve (12) months after the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.2&#9;<U>Expiration
Date</U>. The Plan will expire on, and no Award may be granted pursuant to the Plan after, the tenth anniversary of the Effective
Date. Any Awards that are outstanding on the tenth anniversary of the Effective Date shall remain in force according to the terms
of the Plan and the applicable Award Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 12</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDMENT, MODIFICATION, AND TERMINATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.1&#9;<U>Amendment,
Modification, And Termination</U>. At any time and from time to time, the Board or the Committee may terminate, amend or modify
the Plan; <I>provided, however</I>, that to the extent necessary to comply with Applicable Laws, the Company shall obtain shareholder
approval of any Plan amendment in such a manner and to such a degree as required, including (a) to increase the number of Shares
available under the Plan (other than any adjustment as provided by ARTICLE 9), or (b) to permit the Committee to extend the term
of the Plan or the exercise period for an Option beyond ten years from the date of grant; <I>provided, further</I>, that to the
extent permissible under the Applicable Laws, the Board may decide to follow home country practice not to seek shareholder approval
for any amendment or modification of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 13</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GENERAL PROVISIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.1&#9;<U>No Rights
to Awards</U>. No Participant, employee, or other person shall have any claim to be granted any Award pursuant to the Plan, and
neither the Company nor the Committee is obligated to treat Participants, employees, and other persons uniformly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.2&#9;<U>No Shareholders
Rights</U>. No Award gives the Participant any of the rights of a Shareholder of the Company unless and until Shares are in fact
issued to such Participant in connection with such Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.3&#9;<U>Taxes</U>.
No Shares shall be delivered under the Plan to any Participant until such Participant has made arrangements acceptable to the Committee
for the satisfaction of any income and employment tax withholding obligations under Applicable Laws. The Company or any Subsidiary
shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient
to satisfy all applicable taxes (including the Participant&rsquo;s payroll tax obligations) required or permitted by Applicable
Laws to be withheld with respect to any taxable event concerning a Participant arising as a result of this Plan. The Committee
may in its discretion and in satisfaction of the foregoing requirement allow a Participant to elect to have the Company withhold
Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market Value equal to the sums required
to be withheld. Notwithstanding any other provision of the Plan, the number of Shares which may be withheld with respect to the
issuance, vesting, exercise or payment of any Award (or which may be repurchased from the Participant of such Award after such
Shares were acquired by the Participant from the Company) in order to satisfy any income and payroll tax liabilities applicable
to the Participant with respect to the issuance, vesting, exercise or payment of the Award shall, unless specifically approved
by the Committee, be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal
to the aggregate amount of such liabilities based on the minimum statutory withholding rates for the applicable income and payroll
tax purposes that are applicable to such supplemental taxable income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.4&#9;<U>No Right
to Employment or Services</U>. Nothing in the Plan or any Award Agreement shall interfere with or limit in any way the right of
the Service Recipient to terminate any Participant&rsquo;s employment or services at any time, nor confer upon any Participant
any right to continue in the employment or services of any Service Recipient.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.5&#9;<U>Unfunded
Status of Awards</U>. The Plan is intended to be an &ldquo;unfunded&rdquo; plan for incentive compensation. With respect to any
payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the
Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.6&#9;<U>Indemnification</U>.
To the extent allowable pursuant to Applicable Laws, each member of the Committee or of the Board shall be indemnified and held
harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member
in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or
she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid
by him or her in satisfaction of judgment in such action, suit, or proceeding against him or her; <I>provided</I> he or she gives
the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend
it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification
to which such persons may be entitled pursuant to the Company&rsquo;s Memorandum of Association and Articles of Association, as
a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.7&#9;<U>Relationship
to other Benefits</U>. No payment pursuant to the Plan shall be taken into account in determining any benefits pursuant to any
pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except
to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.8&#9;<U>Expenses</U>.
The expenses of administering the Plan shall be borne by the Company and its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.9&#9;<U>Titles and
Headings</U>. The titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any
conflict, the text of the Plan, rather than such titles or headings, shall control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.10&#9;<U>Fractional
Shares</U>. No fractional Shares shall be issued and the Committee shall determine, in its discretion, whether cash shall be given
in lieu of fractional Shares or whether such fractional Shares shall be eliminated by rounding up or down as appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.11&#9;<U>Limitations
Applicable to Section 16 Persons</U>. Notwithstanding any other provision of the Plan, the Plan and any Award granted or awarded
to any Participant who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth
in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act)
that is a requirement for the application of such exemptive rule. To the extent permitted by the Applicable Laws, the Plan and
Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.12&#9;<U>Government
and Other Regulations</U>. The obligation of the Company to make payment of awards in Shares or otherwise shall be subject to all
Applicable Laws, and to such approvals by government agencies as may be required. The Company shall be under no obligation to register
any of the Shares paid pursuant to the Plan under the Securities Act or any other similar law in any applicable jurisdiction. If
the Shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Act or
other Applicable Laws, the Company may restrict the transfer of such Shares in such manner as it deems advisable to ensure the
availability of any such exemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.13&#9;<U>Governing
Law</U>. The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of the Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.14&#9;<U>Section
409A</U>. To the extent that the Committee determines that any Award granted under the Plan is or may become subject to Section
409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A
of the Code. To the extent applicable, the Plan and the Award Agreements shall be interpreted in accordance with Section 409A of
the Code and the U.S. Department of Treasury regulations and other interpretative guidance issued thereunder, including without
limitation any such regulation or other guidance that may be issued after the Effective Date. Notwithstanding any provision of
the Plan to the contrary, in the event that following the Effective Date the Committee determines that any Award may be subject
to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may
be issued after the Effective Date), the Committee may adopt such amendments to the Plan and the applicable Award agreement or
adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other
actions, that the Committee determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or
preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of
Section 409A of the Code and related U.S. Department of Treasury guidance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.15&#9;<U>Appendices</U>.
The Committee may approve such supplements, amendments or appendices to the Plan as it may consider necessary or appropriate for
purposes of compliance with Applicable Laws or otherwise and such supplements, amendments or appendices shall be considered a
part of the Plan; provided, however, that no such supplements shall increase the share limitation contained in Section 3.1 of
the Plan without the approval of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<DOCUMENT>
<TYPE>EX-4.17
<SEQUENCE>4
<FILENAME>v404590_ex4-17.htm
<DESCRIPTION>EXHIBIT 4.17
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 4.17</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Letter of Support</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">TO THE BOARD OF DIRECTORS OF<BR>
DAQO NEW ENERGY CORP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We, as major shareholders, acknowledge the
net current liability position of Daqo New Energy Corp. as of December 31, 2014 and agree to provide necessary financial support
to Daqo New Energy Corp. and its subsidiaries through Daqo Group Co., Ltd. (&ldquo;Daqo Group&rdquo;), another company wholly owned
by the shareholders of us and a related party of Daqo New Energy Corp., which has sufficient capital and access to resources and
hence the ability do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The details of our agreed financial support
to Daqo New Energy Corp. include the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.25pt">1.</TD><TD STYLE="text-align: justify">We agree that Daqo New Energy Corp. does NOT have to repay us the amount of RMB&nbsp;489&nbsp;million
owed as of December 31, 2014 to Daqo Group, Daqo Solar Co., Ltd., Xinjiang Daqo Investment Co., Ltd and Daqo New Material Co.,
Ltd. before January 1, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.25pt">2.</TD><TD STYLE="text-align: justify">In addition, we agree to provide Daqo New Energy Corp. additional financial funding to support
the Company&rsquo;s operation between January 1, 2015 and December 31, 2015. Daqo New Energy Corp. does NOT have to repay us this
amount before January 1, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.25pt">3.</TD><TD STYLE="text-align: justify">In addition, the management of Daqo New Energy Corp. should immediately suspend the capacity expansion
project in its Xinjiang facilities if they don&rsquo;t have sufficient financial resources to continue the project after repaying
all other financial obligations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify">We agree to provide funding to
support the Company to repay all the financial obligations already committed related to the capacity expansion project in its Xinjiang
facilities. Daqo New Energy Corp. does NOT have to repay us this amount before January 1, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">MILLION FORTUNE INTERNATIONAL LIMITED</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 15%">Signature:</TD>
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid">/s/ Wanlin Gao</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Date:</TD>
    <TD COLSPAN="2">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">BEST MOUNT INTERNATIONAL LIMITED</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 15%">Signature:</TD>
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid">/s/ Jianrong Tang</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Date:</TD>
    <TD COLSPAN="2">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">Investor name:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">ACE PRO HOLDINGS LIMITED</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 15%">Signature:</TD>
    <TD STYLE="vertical-align: bottom; width: 35%; border-bottom: Black 1pt solid">/s/ Bin Cai</TD>
    <TD STYLE="vertical-align: bottom; width: 50%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">Investor name:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">INSTANTUP INVESTMENTS LIMITED</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 15%">Signature:</TD>
    <TD STYLE="vertical-align: bottom; width: 35%; border-bottom: Black 1pt solid">/s/ Dafeng Shi</TD>
    <TD STYLE="vertical-align: bottom; width: 50%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">Investor name:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">GOLD INTELLECT LIMITED</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 15%">Signature:</TD>
    <TD STYLE="vertical-align: bottom; width: 35%; border-bottom: Black 1pt solid">/s/ Guangfu Xu</TD>
    <TD STYLE="vertical-align: bottom; width: 50%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">Investor name:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">PLENTY CHINA LIMITED</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 15%">Signature:</TD>
    <TD STYLE="vertical-align: bottom; width: 35%; border-bottom: Black 1pt solid">/s/ Xiang Xu</TD>
    <TD STYLE="vertical-align: bottom; width: 50%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">Investor name:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">RUIAN INTERNATIONAL LIMITED</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 15%">Signature:</TD>
    <TD STYLE="vertical-align: bottom; width: 35%; border-bottom: Black 1pt solid">/s/ Fei Ge</TD>
    <TD STYLE="vertical-align: bottom; width: 50%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">Investor name:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">LUCKY PROSPER INVESTMENTS LIMITED</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 15%">Signature:</TD>
    <TD STYLE="vertical-align: bottom; width: 35%; border-bottom: Black 1pt solid">/s/ Dafeng Shi</TD>
    <TD STYLE="vertical-align: bottom; width: 50%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Investor name:</TD>
    <TD COLSPAN="2">JIA XIN ENTERPRISES LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Signature:</TD>
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid">/s/ Bin Cai</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD COLSPAN="2">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">Investor name:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">DAQO GROUP CO., LTD.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 15%">Signature:</TD>
    <TD STYLE="vertical-align: bottom; width: 35%; border-bottom: Black 1pt solid">/s/ Guangfu Xu</TD>
    <TD STYLE="vertical-align: bottom; width: 50%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">March 6, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

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<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>5
<FILENAME>v404590_ex8-1.htm
<DESCRIPTION>EXHIBIT 8.1
<TEXT>
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<P STYLE="margin: 0; text-align: right">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 8.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>List of Subsidiaries</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%"><B>Subsidiaries</B></TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 44%"><B>Jurisdiction of Incorporation:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 27pt">Chongqing Daqo New Energy Co., Ltd.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 27pt">People&rsquo;s Republic of China</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 27pt">Xinjiang Daqo New Energy Co., Ltd.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 27pt">People&rsquo;s Republic of China</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


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<TYPE>EX-12.1
<SEQUENCE>6
<FILENAME>v404590_ex12-1.htm
<DESCRIPTION>EXHIBIT 12.1
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 12.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Certification by the Principal Executive
Officer<BR>
Pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">I, Gongda Yao, certify
that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed
this annual report on Form&nbsp;20-F of Daqo New Energy Corp.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my
knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my
knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects
the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The company&rsquo;s
other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules&nbsp;13a-15(f)
and 15d-15(f)) for the company and have:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such
disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such
internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evaluated
the effectiveness of the company&rsquo;s disclosure controls and procedures and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;&nbsp;and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosed
in this report any change in the company&rsquo;s internal control over financial reporting that occurred during the period covered
by the annual report that has materially affected, or is reasonably likely to materially affect, the company&rsquo;s internal control
over financial reporting;&nbsp;and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The company&rsquo;s
other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting,
to the company&rsquo;s auditors and the audit committee of the company&rsquo;s board of directors (or persons performing the equivalent
functions):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All significant
deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably
likely to adversely affect the company&rsquo;s ability to record, process, summarize and report financial information;&nbsp;and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any fraud,
whether or not material, that involves management or other employees who have a significant role in the company&rsquo;s internal
control over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">April 17, 2015</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Gongda Yao</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 8%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 8%">Name:</TD>
    <TD STYLE="vertical-align: bottom; width: 37%">Gongda Yao</TD>
    <TD STYLE="vertical-align: top; width: 47%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Title:</TD>
    <TD STYLE="vertical-align: bottom">Chief Executive Officer</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<TYPE>EX-12.2
<SEQUENCE>7
<FILENAME>v404590_ex12-2.htm
<DESCRIPTION>EXHIBIT 12.2
<TEXT>
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<P STYLE="margin: 0; text-align: right">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 12.2</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Certification by the Principal Financial
Officer<BR>
Pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">I, Bing Sun, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this annual report
on Form&nbsp;20-F of Daqo New Energy Corp.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report
does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made,
in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this
report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial
statements, and other financial information included in this report, fairly present in all material respects the financial condition,
results of operations and cash flows of the company as of, and for, the periods presented in this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The company&rsquo;s other certifying
officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule&nbsp;13a-15(f) and 15d-15(f)) for
the company and have:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls
and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material
information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such
internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evaluated the effectiveness of
the company&rsquo;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of
the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;&nbsp;and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosed in this report any change
in the company&rsquo;s internal control over financial reporting that occurred during the period covered by the annual report that
has materially affected, or is reasonably likely to materially affect, the company&rsquo;s internal control over financial reporting;&nbsp;and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The company&rsquo;s other certifying
officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company&rsquo;s
auditors and the audit committee of the company&rsquo;s board of directors (or persons performing the equivalent functions):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All significant deficiencies and
material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely
affect the company&rsquo;s ability to record, process, summarize and report financial information;&nbsp;and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any fraud,
whether or not material, that involves management or other employees who have a significant role in the company&rsquo;s internal
control over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">April 17, 2015</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Bing Sun</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">Name:</TD>
    <TD STYLE="width: 37%">Bing Sun</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:&nbsp;</TD>
    <TD>Chief Financial Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>8
<FILENAME>v404590_ex13-1.htm
<DESCRIPTION>EXHIBIT 13.1
<TEXT>
<HTML>
<HEAD>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 13.1</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Certification by the Principal Executive
Officer<BR>
Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In connection with the Annual Report of Daqo
New Energy Corp. (the &ldquo;Company&rdquo;) on Form&nbsp;20-F for the year ended December 31, 2014 as filed with the Securities
and Exchange Commission on the date hereof (the&nbsp;&ldquo;Report&rdquo;),&nbsp;I, Gongda Yao, Chief Executive Officer of the
Company, hereby certify, pursuant to 18&nbsp;U.S.C. Section&nbsp;1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley
Act of 2002, that to my knowledge:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Report fully complies with
the requirements of Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934;&nbsp;and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information contained in the
Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">April 17, 2015</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Gongda Yao</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">Name:</TD>
    <TD STYLE="width: 37%">Gongda Yao</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-13.2
<SEQUENCE>9
<FILENAME>v404590_ex13-2.htm
<DESCRIPTION>EXHIBIT 13.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 13.2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Certification by the Principal Financial
Officer<BR>
Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In connection with the Annual Report of Daqo
New Energy Corp. (the &ldquo;Company&rdquo;) on Form&nbsp;20-F for the year ended December 31, 2014 as filed with the Securities
and Exchange Commission on the date hereof (the&nbsp;&ldquo;Report&rdquo;),&nbsp;I, Bing Sun, Chief Financial Officer of the Company,
hereby certify, pursuant to 18&nbsp;U.S.C. Section&nbsp;1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act
of 2002, that to my knowledge:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Report fully complies with
the requirements of Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934;&nbsp;and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information contained in the
Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">April 17, 2015</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Bing Sun</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">Name:</TD>
    <TD STYLE="width: 37%">Bing Sun</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Financial Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-15.1
<SEQUENCE>10
<FILENAME>v404590_ex15-1.htm
<DESCRIPTION>EXHIBIT 15.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 15.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We consent to the incorporation by reference in
the Registration Statements on Form S-8 (No.&nbsp;333-172234) and on Form F-3 (No. 333-195239 and No. 333-201223) of our
reports relating to the consolidated financial statements and financial statement schedule of Daqo New Energy Corp. and
subsidiaries and variable interest entity (the&nbsp;&ldquo;Company&rdquo;) and the effectiveness of the Company&rsquo;s
internal control over financial reporting dated April 17, 2015, appearing in the Annual Report on Form 20-F of Daqo New
Energy Corp. for the year ended December 31, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">/s/ Deloitte Touche Tohmatsu Certified Public Accountants LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Shanghai, China<BR>
April 17, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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  <us-gaap:EarningsPerShareDiluted id="Tag164" contextRef="C5" unitRef="USDPerShare" decimals="2">0.08</us-gaap:EarningsPerShareDiluted>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic id="Tag165" contextRef="C4" unitRef="Shares" decimals="0">175067343</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic id="Tag166" contextRef="C3" unitRef="Shares" decimals="0">173068420</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic id="Tag167" contextRef="C5" unitRef="Shares" decimals="0">206349976</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding id="Tag168" contextRef="C4" unitRef="Shares" decimals="0">175067343</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
  <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding id="Tag169" contextRef="C3" unitRef="Shares" decimals="0">173068420</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
  <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding id="Tag170" contextRef="C5" unitRef="Shares" decimals="0">211353643</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
  <us-gaap:Revenues id="Tag171" contextRef="C621070" unitRef="USD" xsi:nil="true" />
  <us-gaap:Revenues id="Tag172" contextRef="C621071" unitRef="USD" xsi:nil="true" />
  <us-gaap:Revenues id="Tag173" contextRef="C621072" unitRef="USD" decimals="0">3309252</us-gaap:Revenues>
  <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax id="Tag174" contextRef="C4" unitRef="USD" decimals="0">3838790</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
  <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax id="Tag175" contextRef="C3" unitRef="USD" decimals="0">5543033</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
  <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax id="Tag176" contextRef="C5" unitRef="USD" decimals="0">-3662013</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTax id="Tag177" contextRef="C4" unitRef="USD" decimals="0">3838790</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTax id="Tag178" contextRef="C3" unitRef="USD" decimals="0">5543033</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTax id="Tag179" contextRef="C5" unitRef="USD" decimals="0">-3662013</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest id="Tag180" contextRef="C4" unitRef="USD" decimals="0">-111798625</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest id="Tag181" contextRef="C3" unitRef="USD" decimals="0">-215547475</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest id="Tag182" contextRef="C5" unitRef="USD" decimals="0">12987163</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest id="Tag183" contextRef="C4" unitRef="USD" decimals="0">-2075866</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
  <us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest id="Tag184" contextRef="C3" unitRef="USD" decimals="0">-148752181</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
  <us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock id="Tag185" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Accrued expenses and other current liabilities consist of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 90%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Accrued payroll and welfare&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;2,588,312&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;3,309,850&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;Accrued professional fees&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;624,825&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;576,786&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;Other tax payable&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1,378,963&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,263,055&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;Interest payable&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;305,087&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;148,995&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;Government subsidy&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;908,496&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 20px;"&gt;Contingent liability (Note 17)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;400,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;Others&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&lt;font&gt;1,655,938&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&lt;font&gt;2,256,977&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt;Total &lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;7,461,621&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;8,955,663&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock>
  <us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock id="Tag186" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Accrued expenses and other current liabilities consist of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 90%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Accrued payroll and welfare&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;2,588,312&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;3,309,850&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;Accrued professional fees&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;624,825&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;576,786&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;Other tax payable&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1,378,963&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,263,055&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;Interest payable&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;305,087&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;148,995&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;Government subsidy&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;908,496&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 20px;"&gt;Contingent liability (Note 17)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;400,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;Others&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&lt;font&gt;1,655,938&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&lt;font&gt;2,256,977&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt;Total &lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;7,461,621&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;8,955,663&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock>
  <us-gaap:LossContingencyAccrualAtCarryingValue id="Tag187" contextRef="C1" unitRef="USD" xsi:nil="true" />
  <us-gaap:LossContingencyAccrualAtCarryingValue id="Tag188" contextRef="C2" unitRef="USD" decimals="0">400000</us-gaap:LossContingencyAccrualAtCarryingValue>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag189" contextRef="C106" unitRef="USD" decimals="0">15987573</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag190" contextRef="C107" unitRef="USD" decimals="0">8041836</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag191" contextRef="C118" unitRef="USD" decimals="0">4220355</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag192" contextRef="C129" unitRef="USD" decimals="0">2405619</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag193" contextRef="C621567" unitRef="USD" decimals="0">2996550</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag194" contextRef="C121" unitRef="USD" decimals="0">1937418</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag195" contextRef="C131" unitRef="USD" decimals="0">262747</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag196" contextRef="C1" unitRef="USD" decimals="0">25141896</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:CustomerAdvancesAndDeposits id="Tag197" contextRef="C2" unitRef="USD" decimals="0">10710202</us-gaap:CustomerAdvancesAndDeposits>
  <us-gaap:DeferredRevenueDisclosureTextBlock id="Tag198" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;10. ADVANCES FROM CUSTOMERS&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Advances from customers represent prepayments from customers and are recognized as revenue in accordance with the Group's revenue recognition policy.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;div style="display: block;"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Advances from customers consist of the following and is analyzed as long term and short term portion respectively:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse; margin-left: 0.32in;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Customer A*&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;15,987,573&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;8,041,836&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Customer G&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,220,355&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;2,405,619&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Customer H&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,996,550&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%;"&gt;Others&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 1%; border-bottom-width: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"&gt;&lt;font&gt;1,937,418&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 1%; border-bottom-width: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"&gt;&lt;font&gt;262,747&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;25,141,896&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;10,710,202&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Less: Current portion of advances from customers&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;13,217,775&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; border-color: #000000; padding: 0px; font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;7,308,535&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Long term advances from customers&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;11,924,121&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; border-color: #000000; padding: 0px; font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;3,401,667&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;
&lt;table border="0" cellspacing="0" cellpadding="0" style="width: 100%;"&gt;

&lt;tr&gt;
&lt;td style="width: 1%; vertical-align: top;"&gt;&lt;font style="font-size: 10pt;"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 99%;"&gt;
&lt;div&gt;Pursuant to the terms of the Group's revised supply agreement with this customer the Group&amp;#160;will deliver monthly amounts of polysilicon, totaling no less than RMB&lt;font&gt;2.4&lt;/font&gt; million (equivalent of $&lt;font&gt;0.4&lt;/font&gt; million) from April 2014 to September 2016, or until such time as the advance has been fully utilized.&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:DeferredRevenueDisclosureTextBlock>
  <us-gaap:DeferredRevenueByArrangementDisclosureTextBlock id="Tag199" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Advances from customers consist of the following and is analyzed as long term and short term portion respectively:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse; margin-left: 0.32in;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Customer A*&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;15,987,573&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;8,041,836&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Customer G&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,220,355&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;2,405,619&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Customer H&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,996,550&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%;"&gt;Others&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 1%; border-bottom-width: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"&gt;&lt;font&gt;1,937,418&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 1%; border-bottom-width: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"&gt;&lt;font&gt;262,747&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;25,141,896&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;10,710,202&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Less: Current portion of advances from customers&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;13,217,775&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; border-color: #000000; padding: 0px; font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;7,308,535&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Long term advances from customers&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;11,924,121&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; border-color: #000000; padding: 0px; font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;3,401,667&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;
&lt;table border="0" cellspacing="0" cellpadding="0" style="width: 100%;"&gt;

&lt;tr&gt;
&lt;td style="width: 1%; vertical-align: top;"&gt;&lt;font style="font-size: 10pt;"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 99%;"&gt;
&lt;div&gt;Pursuant to the terms of the Group's revised supply agreement with this customer the Group&amp;#160;will deliver monthly amounts of polysilicon, totaling no less than RMB&lt;font&gt;2.4&lt;/font&gt; million (equivalent of $&lt;font&gt;0.4&lt;/font&gt; million) from April 2014 to September 2016, or until such time as the advance has been fully utilized.&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:DeferredRevenueByArrangementDisclosureTextBlock>
  <us-gaap:SignificantSupplyCommitmentRemainingMinimumAmountCommitted id="Tag200" contextRef="C107" unitRef="CNY" decimals="-5">2400000</us-gaap:SignificantSupplyCommitmentRemainingMinimumAmountCommitted>
  <us-gaap:SignificantSupplyCommitmentRemainingMinimumAmountCommitted id="Tag201" contextRef="C107" unitRef="USD" decimals="-5">400000</us-gaap:SignificantSupplyCommitmentRemainingMinimumAmountCommitted>
  <us-gaap:LongTermDebtFairValue id="Tag202" contextRef="C144" unitRef="USD" decimals="0">134870287</us-gaap:LongTermDebtFairValue>
  <us-gaap:LongTermDebtFairValue id="Tag203" contextRef="C151" unitRef="USD" decimals="0">124047823</us-gaap:LongTermDebtFairValue>
  <us-gaap:LongTermDebtFairValue id="Tag204" contextRef="C152" unitRef="USD" decimals="0">77336160</us-gaap:LongTermDebtFairValue>
  <us-gaap:LongTermDebtFairValue id="Tag205" contextRef="C153" unitRef="USD" decimals="0">71422148</us-gaap:LongTermDebtFairValue>
  <us-gaap:PropertyPlantAndEquipmentFairValueDisclosure id="Tag206" contextRef="C144" unitRef="USD" decimals="0">307942362</us-gaap:PropertyPlantAndEquipmentFairValueDisclosure>
  <us-gaap:PropertyPlantAndEquipmentFairValueDisclosure id="Tag207" contextRef="C160" unitRef="USD" decimals="0">149517535</us-gaap:PropertyPlantAndEquipmentFairValueDisclosure>
  <us-gaap:PropertyPlantAndEquipmentFairValueDisclosure id="Tag208" contextRef="C161" unitRef="USD" xsi:nil="true" />
  <us-gaap:AssetImpairmentCharges id="Tag209" contextRef="C3" unitRef="USD" decimals="0">158424827</us-gaap:AssetImpairmentCharges>
  <us-gaap:PropertyPlantAndEquipmentFairValueDisclosure id="Tag210" contextRef="C151" unitRef="USD" decimals="-6">150000000</us-gaap:PropertyPlantAndEquipmentFairValueDisclosure>
  <us-gaap:AssetImpairmentCharges id="Tag211" contextRef="C192" unitRef="USD" decimals="-6">143000000</us-gaap:AssetImpairmentCharges>
  <us-gaap:FairValueByBalanceSheetGroupingTextBlock id="Tag212" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following table presents the financial instruments for which fair value does not approximate carrying value as of December&amp;#160;31, 2013 and 2014:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;As of December 31, 2013&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="14" nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;As&amp;#160;of&amp;#160;December&amp;#160;31,&amp;#160;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Carrying Value&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Fair&amp;#160;Value&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="border: none #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Carrying&amp;#160;Value&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Fair&amp;#160;Value&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Long-term bank borrowing&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;134,870,287&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;124,047,823&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;77,336,160&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;71,422,148&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:FairValueByBalanceSheetGroupingTextBlock>
  <us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisTextBlock id="Tag213" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following table displays assets and liabilities that were measured at fair value on a non-recurring basis after initial recognition;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 95%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="18" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Year ended December 31, 2013&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Description&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;
&lt;p style="margin: 0pt 0; font-family: 'times new roman';"&gt;&lt;strong&gt;Carrying&lt;br/&gt; amount&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Quoted&amp;#160;Prices&amp;#160;in&lt;br/&gt; Active&amp;#160;Markets&lt;br/&gt; for&amp;#160;Identical&lt;br/&gt; Assets&amp;#160;(Level&amp;#160;1)&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Significant&lt;br/&gt; Other&lt;br/&gt; Observable&lt;br/&gt; Inputs&amp;#160;(Level&amp;#160;2)&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs&amp;#160;(Level&amp;#160;3)&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Total&amp;#160;Losses&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 9.5pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;"&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Long-lived assets held and used&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;307,942,362&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; border-color: #000000; padding: 0px 5px; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;149,517,535&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;158,424,827&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;</us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisTextBlock>
  <us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts id="Tag214" contextRef="C1" unitRef="USD" decimals="0">1518953</us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts>
  <us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts id="Tag215" contextRef="C2" unitRef="USD" decimals="0">478367</us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts>
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  <us-gaap:DeferredTaxAssetsTaxCreditCarryforwards id="Tag217" contextRef="C2" unitRef="USD" decimals="0">498582</us-gaap:DeferredTaxAssetsTaxCreditCarryforwards>
  <us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses id="Tag218" contextRef="C1" unitRef="USD" decimals="0">23083996</us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses>
  <us-gaap:FairValueDisclosuresTextBlock id="Tag219" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;11. FAIR VALUE MEASUREMENTS&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following table presents the financial instruments for which fair value does not approximate carrying value as of December&amp;#160;31, 2013 and 2014:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;As of December 31, 2013&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="14" nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;As&amp;#160;of&amp;#160;December&amp;#160;31,&amp;#160;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Carrying Value&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Fair&amp;#160;Value&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="border: none #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Carrying&amp;#160;Value&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Fair&amp;#160;Value&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Long-term bank borrowing&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;134,870,287&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;124,047,823&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;77,336,160&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;71,422,148&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;Nonrecurring Fair Value Measurements&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following table displays assets and liabilities that were measured at fair value on a non-recurring basis after initial recognition;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 95%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="18" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Year ended December 31, 2013&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Description&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;
&lt;p style="margin: 0pt 0; font-family: 'times new roman';"&gt;&lt;strong&gt;Carrying&lt;br/&gt; amount&lt;/strong&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Quoted&amp;#160;Prices&amp;#160;in&lt;br/&gt; Active&amp;#160;Markets&lt;br/&gt; for&amp;#160;Identical&lt;br/&gt; Assets&amp;#160;(Level&amp;#160;1)&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Significant&lt;br/&gt; Other&lt;br/&gt; Observable&lt;br/&gt; Inputs&amp;#160;(Level&amp;#160;2)&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs&amp;#160;(Level&amp;#160;3)&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Total&amp;#160;Losses&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 9.5pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;"&gt;&lt;font style="font-family: 'Times New Roman';"&gt;Long-lived assets held and used&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;307,942,362&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; border-color: #000000; padding: 0px 5px; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;149,517,535&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;158,424,827&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt;"&gt;During the year ended December 31, 2013, long-lived assets held and used with a carrying amount of $&lt;font&gt;308&lt;/font&gt; million were written down to their fair value of $&lt;font&gt;150&lt;/font&gt; million, resulting in an impairment charge of $&lt;font&gt;158&lt;/font&gt; million, about $&lt;font&gt;143&lt;/font&gt; million of this amount related to Daqo New Material. Based on the nature of the property being assessed, buildings and land use rights, the fair value was estimated using direct comparison method under the market approach. The direct comparison method is a set of procedures in which a value indication is derived by comparing the real estate being appraised to similar real estate that have been sold recently. Then applying appropriate units of comparison and making adjustments to the sale prices of the comparable based on the elements of comparison such as differences in location, size, decoration and year of completion, etc. to derive at the fair value of the real estate.&lt;/p&gt;
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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;12. MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(a) China Contribution Plan&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Full time employees of the Group in the PRC participate in a government-mandated, multi-employer, defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. PRC labor regulations require the Group to accrue for these benefits based on a certain percentage of the employees' salaries. Contributions to defined contribution plans are expensed as incurred. During the years ended December&amp;#160;31, 2012, 2013 and 2014, the Group recognized $&lt;font&gt;3,325,383&lt;/font&gt;, $&lt;font&gt;3,142,213&lt;/font&gt; and $&lt;font&gt;3,130,308&lt;/font&gt; respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(b) Statutory Reserves&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Foreign invested enterprises in PRC are required under PRC laws to provide for certain statutory reserves, such as a general reserve, an enterprise expansion fund and a staff welfare and bonus fund. These entities are required to allocate at least &lt;font&gt;10&lt;/font&gt;% of their after tax profits as reported in their PRC statutory financial statements to the general reserve and have the right to discontinue allocations to the general reserve if the balance of such reserve have reached &lt;font&gt;50&lt;/font&gt;% of their registered capital. These statutory reserves are not available for distribution to the owners (except in liquidation) and may not be transferred in the form of loans, advances or cash dividends. As of December&amp;#160;31, 2013 and 2014, $&lt;font&gt;16,803,191&lt;/font&gt; and $&lt;font&gt;20,190,729&lt;/font&gt; was respectively appropriated from the accumulated loss&amp;#160;of Chongqing Daqo. As a result of these PRC laws and regulations, the Company's PRC subsidiaries are restricted in their abilities to transfer the registered capital and statutory reserves to the Company in the form of dividends, loans or advances and the restricted portion amounted to $&lt;font&gt;124,814,365&lt;/font&gt; and $&lt;font&gt;182,840,330&lt;/font&gt; as of December&amp;#160;31, 2013 and 2014, respectively.&lt;/p&gt;
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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;13. INCOME TAXES&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;Cayman Islands Tax&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Company is incorporated in the Cayman Islands and is not subject to tax in this jurisdiction.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;PRC Tax&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Company's subsidiaries are registered in the PRC as foreign invested enterprises. Under the Laws of the People's Republic of China on Enterprise Income Tax (the &amp;#147;EIT Law&amp;#148;) which are effective January 1, 2008, the statutory enterprise income tax rate is &lt;font&gt;25&lt;/font&gt;%.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Chongqing Daqo is a foreign invested enterprise located in Chongqing. In accordance with a PRC tax regulation which encourages investment in China's southwest region, Chongqing Daqo is entitled to a preferential tax rate of &lt;font&gt;15&lt;/font&gt;% from its establishment through 2012. On November 19, 2012, Chongqing Daqo obtained a High and New Technology Enterprise (&amp;#147;HTNE&amp;#148;) certificate for a valid period of &lt;font&gt;3&lt;/font&gt; years till 2014. During the years ended December 31, 2013 and 2014, Chongqing Daqo was entitled to a preferential tax rate of &lt;font&gt;15&lt;/font&gt;% because of its HTNE status.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Daqo New Material, which was deconsolidated on December 31, 2013, is a domestic enterprise registered in Chongqing and is subject to an income tax rate of &lt;font&gt;25&lt;/font&gt;% for each of the &lt;font&gt;two&lt;/font&gt;&amp;#160;years ended December 31, 2013.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Nanjing Daqo is a foreign-invested enterprise established on December 20, 2007 located in Nanjing. The Group&amp;#160;started to carry out its operation from July, 2011, and was disposed on September 28, 2012. It is subject to an income tax rate of &lt;font&gt;25&lt;/font&gt;% for the&amp;#160;year ended December 31, 2012.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Xinjiang Daqo is a foreign-invested enterprise established on February, 2012 located in Shihezi Economic Development Area in Xinjiang Autonomous Region. The entity was subject to an income tax rate of &lt;font&gt;25&lt;/font&gt;% for the years ended December 31, 2012 and 2013. On November 25, 2014, Xin Jiang Daqo was entitled to a preferential tax rate of &lt;font&gt;15&lt;/font&gt;%, because of the obtainment of a High and New Technology Enterprise ("HTNE") certificate for a valid period of &lt;font&gt;3&lt;/font&gt; years till 2016.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;United States&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Daqo America was liquidated in 2013 and it was subject to United States income tax at a combined federal and state tax rate of &lt;font&gt;40&lt;/font&gt;% in 2012 and 2013.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Under the current EIT Law and implementation regulations issued by the PRC State Council, an income tax rate of &lt;font&gt;10&lt;/font&gt;% is applicable to interest and dividends payable to investors that are &amp;#147;non-resident enterprises&amp;#148;, which do not have an establishment or place of business in the PRC, or which have such establishment or place of business but the relevant income is not effectively connected with the establishment or place of business, to the extent such interest or dividends have their sources within the PRC. The Company's PRC subsidiaries did not have retained earnings as of December 31, 2014, therefore, &lt;font&gt;no&lt;/font&gt; provision for PRC dividend withholding tax has been provided thereon.&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group made its assessment of the level of authority for each tax position (including the potential application of interests and penalties) based on the tax positions' technical merits, and measured the unrecognized benefits associated with the tax positions. The Group did not have any unrecognized tax benefits as of December 31, 2013 and 2014. The Group does not anticipate that unrecognized tax benefits will significantly increase or decrease within the next &lt;font&gt;twelve&lt;/font&gt; months.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;According to PRC Tax Administration and Collection Law, the statute of limitations is &lt;font&gt;three&lt;/font&gt; years if the underpayment of taxes is due to computational errors made by the taxpayer or withholding agent. The statute of limitations will be extended &lt;font&gt;five&lt;/font&gt; years under special circumstances, which are not clearly defined (but an underpayment of tax liability exceeding RMB&lt;font&gt;0.1&lt;/font&gt; million is specifically listed as a special circumstance). In the case of a related party transaction, the statute of limitations is &lt;font&gt;ten&lt;/font&gt; years. There is &lt;font&gt;no&lt;/font&gt; statute of limitations in the case of tax evasion. From inception to 2013, the Group's PRC subsidiaries are subject to examination of the PRC tax authorities. The Group classifies interest and penalties associated with taxes as income tax expense. Such charges were immaterial in the years ended December 31, 2012, 2013 and 2014.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Income tax expenses comprise:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;"&gt;Current Tax Expenses (Benefit)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;(1,894,736&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;(162,621&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Deferred Tax Expenses (Benefit)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;12,148,323&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,434,386&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;10,253,587&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;1,271,765&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The principal components of deferred income tax assets and liabilities are as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Net operating loss carried forward&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;29,784,578&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;27,349,606&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Inventory write-down&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,531,750&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;26,141&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Bad debt provision&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1,518,953&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;478,367&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Government grants related to assets&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;423,938&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;498,582&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Long-lived asset impairment &amp;amp; depreciation&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;23,083,996&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;21,009,037&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Others&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;290,652&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;748,018&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Sub-total&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;56,633,867&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;50,109,751&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Valuation Allowance&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(56,633,867&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(50,109,751&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;-&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Deferred tax assets are analyzed as:&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Current&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Non-current&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;font style="font-size: 10pt;"&gt;The changes of valuation allowance are as follows:&lt;/font&gt;&lt;/div&gt;
&lt;div class="CursorPointer"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;br/&gt;&lt;/p&gt;
&lt;div style="color: #000000; font-family: 'Times New Roman'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="CursorPointer"&gt;
&lt;div&gt;
&lt;div style="display: block;" align="center"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 80%; margin-left: 0.1px; margin-right: 0.1px;"&gt;

&lt;tr&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-top-style: none; border-right-style: none; border-left-style: none; font-family: 'times new roman'; border-top-color: #000000; border-right-color: #000000; border-left-color: #000000; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="margin: 0pt; text-align: center;"&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="margin: 0pt; text-align: center;"&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="margin: 0pt; text-align: center;"&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="margin: 0pt; text-align: center;"&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; background-color: #cceeff;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;Beginning balance&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br style="margin: 0pt;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;37,682,733&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br style="margin: 0pt;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;56,633,867&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px;"&gt;
&lt;td style="vertical-align: bottom;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;Additions (Reversal)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; margin: 0pt; padding-right: 8px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;37,238,701&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br style="margin: 0pt;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;56,697,096&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;(5,168,917&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; background-color: #cceeff;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;Deconsolidation&lt;/font&gt;&lt;/td&gt;
&lt;td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;(39,357,744&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px;"&gt;
&lt;td style="vertical-align: bottom;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;Foreign exchange effect&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; margin: 0pt; padding-right: 8px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;444,032&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;1,611,782&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;(1,355,199&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; background-color: #cceeff;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Ending Balance&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="undefined;align: left; margin: 0pt;"&gt;$&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;37,682,733&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="undefined;align: left; margin: 0pt;"&gt;$&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;56,633,867&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="undefined;align: left; margin: 0pt;"&gt;$&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;50,109,751&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;div style="margin: 0px; text-indent: 30.6666660308838px;" class="CursorPointer"&gt;&lt;font style="font-size: 10pt;"&gt;The Group uses the asset and liability method to record related deferred tax assets and liabilities. The Group&amp;#160;considers positive and negative evidence to determine whether some portion or all of the deferred tax assets will more likely than not be realized. This assessment considers, among other matters, the nature, frequency and severity of operating losses, forecasts of future profitability, the duration of statutory carry forward periods, the Group's experience with tax attributes expiring unused and tax planning alternatives. Valuation allowances have been established for deferred tax assets based on a more likely than not threshold. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible.&lt;/font&gt;&lt;/div&gt;
&lt;div style="margin: 0px; text-indent: 30.6666660308838px;" class="CursorPointer"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;
&lt;div style="margin: 0px; text-indent: 30.6666660308838px;" class="CursorPointer"&gt;&lt;font style="font-size: 10pt;"&gt;As of December 31, 2014, Chongqing Daqo and Xinjiang Daqo had net operating losses carried forward of $&lt;font&gt;109.4&lt;/font&gt; million, and nil respectively, accordingly all the related deferred tax assets of $&lt;font&gt;27.4&lt;/font&gt; million was contributed by Chongqing Daqo. Almost all the deductible difference of long-lived asset impairment &amp;amp; depreciation was from Chongqing Daqo as well as of December 31, 2014. Based on the related operating performance and the level of projections for future taxable income over the periods in which the deferred tax assets are deductible, the Group believes it is not more likely than not that the Group will realize the benefits of these deductible differences, therefore full valuation allowance was applied as of December 31, 2014.&lt;/font&gt;&lt;/div&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group uses the asset and liability method to record related deferred tax assets and liabilities. In assessing the reliability of deferred tax assets, the Group considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Based on the continuous operating losses suffered and the level of projections for future taxable income over the periods in which the deferred tax assets are deductible, the Group believes it is not more likely than not that the Group will realize the benefits of these deductible differences of Chongqing Daqo and Xinjiang Daqo as at December 31, 2014. The amount of the deferred tax asset considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry-forward period are reduced. Xinjiang Daqo and Chongqing Daqo had net operating losses carried forward of approximately $&lt;font&gt;109,398,425&lt;/font&gt;&amp;#160;and $&lt;font&gt;nil&lt;/font&gt;, respectively, which would expire if not used before December 31, 2018.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The effective income tax rate of the Group is different from the expected PRC statutory rate as a result of the following items:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;"&gt;PRC Enterprise Income Tax&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Preferential income tax rate of a subsidiary&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(9&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(9&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Effect of different reversal rate&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;8&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Additional tax deductions&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(8&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Non-deductible expenses&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Different tax rate in other jurisdictions&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;6&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Changes in valuation allowance&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(35&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(26&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;Tax credits&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
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&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Prior year adjustment&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Effective tax rate&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(10&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&amp;#160;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;Xinjiang Daqo and Chongqing Daqo enjoy the preferential tax rate of 15%, which may be extended if the requirements of High and New Technology Enterprise are satisfied. The impact of the preferential tax rates decreased income taxes by $&lt;font&gt;nil&lt;/font&gt;, $&lt;font&gt;nil&lt;/font&gt; and $ &lt;font&gt;3.0&lt;/font&gt;&amp;#160;million for the years of 2012, 2013 and 2014, respectively. The benefit on net income per share was $&lt;font&gt;nil&lt;/font&gt;, $ &lt;font&gt;nil &lt;/font&gt;and $&lt;font&gt;0.01&lt;/font&gt; for the years of 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock id="Tag286" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Income tax expenses comprise:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;"&gt;Current Tax Expenses (Benefit)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;(1,894,736&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;(162,621&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Deferred Tax Expenses (Benefit)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;12,148,323&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,434,386&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;10,253,587&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;1,271,765&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
  <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock id="Tag287" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The principal components of deferred income tax assets and liabilities are as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; display: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Net operating loss carried forward&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;29,784,578&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;27,349,606&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Inventory write-down&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,531,750&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;26,141&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Bad debt provision&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1,518,953&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;478,367&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Government grants related to assets&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;423,938&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;498,582&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Long-lived asset impairment &amp;amp; depreciation&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;23,083,996&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;21,009,037&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Others&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;290,652&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;748,018&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Sub-total&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;56,633,867&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;50,109,751&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Valuation Allowance&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(56,633,867&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(50,109,751&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;-&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Deferred tax assets are analyzed as:&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Current&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Non-current&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
  <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock id="Tag288" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The effective income tax rate of the Group is different from the expected PRC statutory rate as a result of the following items:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;"&gt;PRC Enterprise Income Tax&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Preferential income tax rate of a subsidiary&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(9&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(9&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Effect of different reversal rate&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;8&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
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&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Additional tax deductions&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(8&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Non-deductible expenses&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Different tax rate in other jurisdictions&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)%&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
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&lt;td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
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&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Changes in valuation allowance&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;)%&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;)%&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;Tax credits&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;(15&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;)%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Prior year adjustment&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Effective tax rate&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(10&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)%&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;%&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
  <us-gaap:OperatingLossCarryforwardsExpirationDate id="Tag289" contextRef="C5">2018-12-31</us-gaap:OperatingLossCarryforwardsExpirationDate>
  <us-gaap:DeferredTaxAssetsValuationAllowance id="Tag290" contextRef="C13" unitRef="USD" xsi:nil="true" />
  <us-gaap:DeferredTaxAssetsValuationAllowance id="Tag291" contextRef="C6" unitRef="USD" decimals="0">37682733</us-gaap:DeferredTaxAssetsValuationAllowance>
  <us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount id="Tag292" contextRef="C4" unitRef="USD" decimals="0">37238701</us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount>
  <us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount id="Tag293" contextRef="C3" unitRef="USD" decimals="0">56697096</us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount>
  <us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount id="Tag294" contextRef="C5" unitRef="USD" decimals="0">-5168917</us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount>
  <dq:ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation id="Tag295" contextRef="C4" unitRef="USD" xsi:nil="true" />
  <dq:ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation id="Tag296" contextRef="C3" unitRef="USD" decimals="0">-39357744</dq:ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation>
  <dq:ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation id="Tag297" contextRef="C5" unitRef="USD" xsi:nil="true" />
  <dq:ValuationAllowanceDeferredTaxAssetForeignExchangeEffect id="Tag298" contextRef="C4" unitRef="USD" decimals="0">444032</dq:ValuationAllowanceDeferredTaxAssetForeignExchangeEffect>
  <dq:ValuationAllowanceDeferredTaxAssetForeignExchangeEffect id="Tag299" contextRef="C3" unitRef="USD" decimals="0">1611782</dq:ValuationAllowanceDeferredTaxAssetForeignExchangeEffect>
  <dq:ValuationAllowanceDeferredTaxAssetForeignExchangeEffect id="Tag300" contextRef="C5" unitRef="USD" decimals="0">-1355199</dq:ValuationAllowanceDeferredTaxAssetForeignExchangeEffect>
  <us-gaap:OperatingLossCarryforwards id="Tag301" contextRef="C188" unitRef="USD" decimals="-5">109400000</us-gaap:OperatingLossCarryforwards>
  <us-gaap:DeferredTaxAssetsLiabilitiesNet id="Tag302" contextRef="C188" unitRef="USD" decimals="-5">27400000</us-gaap:DeferredTaxAssetsLiabilitiesNet>
  <us-gaap:SummaryOfValuationAllowanceTextBlock id="Tag303" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;" align="center"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 80%; margin-left: 0.1px; margin-right: 0.1px;"&gt;

&lt;tr&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-top-style: none; border-right-style: none; border-left-style: none; font-family: 'times new roman'; border-top-color: #000000; border-right-color: #000000; border-left-color: #000000; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="margin: 0pt; text-align: center;"&gt;Year ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="margin: 0pt; text-align: center;"&gt;2012&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="margin: 0pt; text-align: center;"&gt;2013&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="margin: 0pt; text-align: center;"&gt;2014&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; background-color: #cceeff;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;Beginning balance&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br style="margin: 0pt;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;37,682,733&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br style="margin: 0pt;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;56,633,867&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px;"&gt;
&lt;td style="vertical-align: bottom;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;Additions (Reversal)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; margin: 0pt; padding-right: 8px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;37,238,701&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br style="margin: 0pt;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;56,697,096&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;(5,168,917&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: bottom; background-color: #cceeff;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;Deconsolidation&lt;/font&gt;&lt;/td&gt;
&lt;td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;(39,357,744&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="width: 5px;"&gt;
&lt;td style="vertical-align: bottom;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;Foreign exchange effect&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; margin: 0pt; padding-right: 8px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;444,032&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;1,611,782&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;/td&gt;
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&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; background-color: #cceeff;" width="100%"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Ending Balance&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="undefined;align: left; margin: 0pt;"&gt;$&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="undefined;align: left; margin: 0pt;"&gt;$&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"&gt;&lt;font&gt;&lt;font style="margin: 0pt; font-size: 10pt;"&gt;50,109,751&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;14. SHARE BASED COMPENSATION&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;In December 2014, The Company's shareholders adopted the 2014 share incentive plan. The Company's shareholders have authorized the issuance of up to &lt;font&gt;21,000,000&lt;/font&gt; ordinary shares underlying all options (including incentive share options, or ISOs), restricted shares and restricted share units granted to a participant under the plan, or the awards.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;During the years ended December 31, 2012, 2013 and 2014, the Company granted &lt;font&gt;1,190,000&lt;/font&gt;&amp;#160;and&amp;#160;&lt;font&gt;140,000&lt;/font&gt; and &lt;font&gt;6,274,166&lt;/font&gt; share options respectively to its officers, directors and employees, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On January 28, 2014, the Company granted options to acquire &lt;font&gt;566,666&lt;/font&gt;&amp;#160;ordinary shares to independent directors of the Company pursuant to the Option Plan. Twenty-five&amp;#160;percent (&lt;font&gt;25&lt;/font&gt;%) of the options will vest half- year following the service inception date,&amp;#160;twenty-five&amp;#160;percent (&lt;font&gt;25&lt;/font&gt;%) of the options will vest on the second half year of service inception date, and the remaining forty percent (&lt;font&gt;50&lt;/font&gt;%) of the options will vest in &lt;font&gt;twenty-four&lt;/font&gt; equal installments over the next &lt;font&gt;two&lt;/font&gt; years. The exercise price is $&lt;font&gt;1.49&lt;/font&gt;.&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On January 28, 2014, the Company granted options to acquire &lt;font&gt;5,707,500&lt;/font&gt; ordinary shares to employees and executive officers of the Company pursuant to the Option Plan. Twenty-five&amp;#160;percent (&lt;font&gt;25&lt;/font&gt;%) of the options will vest half- year following the service inception date, twenty-five&amp;#160;percent (&lt;font&gt;25&lt;/font&gt;%) of the options will vest on the second half year of service inception date, and the remaining forty percent (&lt;font&gt;50&lt;/font&gt;%) of the options will vest in &lt;font&gt;thirty-six&lt;/font&gt; equal installments over the next &lt;font&gt;three&lt;/font&gt; years. The exercise price is $&lt;font&gt;1.49&lt;/font&gt;.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Company utilized the Binomial option pricing model to evaluate the fair value of the stock options with reference to the closing price of the Company on the measurement dates.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following assumptions were used in the Binomial option pricing model:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
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&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="center" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="31" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year Ended December 31, 2013&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Options&lt;br/&gt; granted&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Average&lt;br/&gt; risk-free&lt;br/&gt; rate of&lt;br/&gt; return&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Exercise&lt;br/&gt; multiple&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Volatility&lt;br/&gt; rate&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Dividend&lt;br/&gt; yield&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Post-&lt;br/&gt; vesting&lt;br/&gt; forfeiture&lt;br/&gt; rate&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 0pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;"&gt;April 3, 2013&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;2.29&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;2.8&lt;/font&gt;&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&amp;#160;times&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;51.78&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;0&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;3&lt;/font&gt;%&lt;/td&gt;
&lt;td style="text-align: left; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="center" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="31" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year Ended December 31, 2014&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Options&lt;br/&gt; granted&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Average&lt;br/&gt; risk-free&lt;br/&gt; rate of&lt;br/&gt; return&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Exercise&lt;br/&gt; multiple&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Volatility&lt;br/&gt; rate&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Dividend&lt;br/&gt; yield&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Post-&lt;br/&gt; vesting&lt;br/&gt; forfeiture&lt;br/&gt; rate&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 0pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;"&gt;January 28, 2014&lt;br/&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;2.77&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;3.0&lt;/font&gt;&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #cceeff;"&gt;-&lt;/font&gt;3.5&lt;/font&gt; times&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;93.0&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;0&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;3&lt;/font&gt;&lt;font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #cceeff;"&gt;-&lt;/font&gt;9.5&lt;/font&gt;%&lt;/td&gt;
&lt;td style="text-align: left; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The risk-free rate of return is based on the yield curve of China USD sovereign bond commensurate with the same maturity at the respective grant dates. The exercise multiple is estimated by reference to the proprietary research and empirical studies. The expected volatility is based on the average of historical daily annualized share price volatility of 6 comparable companies over a normalized period that commensurate with the option life of &lt;font&gt;10&lt;/font&gt; years. The post-vesting forfeiture rate is based on the historical data and management's best&amp;#160;estimation.&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;A summary of the aggregate option activity and information regarding options outstanding as of December 31, 2014 is as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Number&amp;#160;of&lt;br/&gt; Options&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Weighted&lt;br/&gt; Average&lt;br/&gt; Exercise&lt;br/&gt; Price&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Weighted&lt;br/&gt; Average&lt;br/&gt; Remaining&lt;br/&gt; Contract&amp;#160;Life&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Aggregate&lt;br/&gt; Intrinsic&lt;br/&gt; Value&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; width: 40%; padding-left: 0px; padding-top: 0px; background-color: #cceeff;"&gt;Options outstanding on January 1, 2014&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;6,371,250&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;0.25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-left: 10px; padding-top: 0px;"&gt;Granted&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;6,274,166&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1.49&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding-left: 10px; padding-top: 0px; background-color: #cceeff;"&gt;Forfeited&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(112,500&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1.49&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-left: 10px; padding-top: 0px;"&gt;Expired&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(7,500&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1.49&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding-left: 10px; padding-top: 0px; background-color: #cceeff;"&gt;Exercised&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(150,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;0.25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 5px; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Options outstanding on December 31, 2014&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;12,375,416&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;0.87&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;7.23&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,016,816&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Options vested or expected to vest on December 31, 2014&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;8,693,171&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;0.47&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;6.02&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;5,763,445&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Options exercisable on December 31, 2014&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;7,353,583&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;0.51&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;6.07&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,689,250&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The share-based compensation charge related to the share options of approximately$&lt;font&gt;2,249,834&lt;/font&gt;&amp;#160;and $&lt;font&gt;1,881,401&lt;/font&gt; and $&lt;font&gt;1,792,819&lt;/font&gt; was recognized by the Company for the years ended December 31, 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The weighted average grant date fair value of options granted during the year ended December 31, 2012, 2013 and 2014 was $&lt;font&gt;0.23&lt;/font&gt;&amp;#160;and $&lt;font&gt;0.11&lt;/font&gt; and $&lt;font&gt;0.98&lt;/font&gt;, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;As of December 31, 2014, there was $&lt;font&gt;4,700,682&lt;/font&gt; in total unrecognized compensation cost related to non-vested stock options, which is expected to be recognized over a weighted-average period of &lt;font&gt;2.97&lt;/font&gt;&amp;#160;years.&lt;/p&gt;
&lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
  <us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock id="Tag363" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following assumptions were used in the Binomial option pricing model:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="center" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="31" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year Ended December 31, 2013&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Options&lt;br/&gt; granted&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Average&lt;br/&gt; risk-free&lt;br/&gt; rate of&lt;br/&gt; return&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Exercise&lt;br/&gt; multiple&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Volatility&lt;br/&gt; rate&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Dividend&lt;br/&gt; yield&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Post-&lt;br/&gt; vesting&lt;br/&gt; forfeiture&lt;br/&gt; rate&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 0pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;"&gt;April 3, 2013&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;2.29&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;2.8&lt;/font&gt;&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&amp;#160;times&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;51.78&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;0&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;3&lt;/font&gt;%&lt;/td&gt;
&lt;td style="text-align: left; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="center" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="31" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year Ended December 31, 2014&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Options&lt;br/&gt; granted&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Average&lt;br/&gt; risk-free&lt;br/&gt; rate of&lt;br/&gt; return&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Exercise&lt;br/&gt; multiple&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Volatility&lt;br/&gt; rate&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Dividend&lt;br/&gt; yield&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Post-&lt;br/&gt; vesting&lt;br/&gt; forfeiture&lt;br/&gt; rate&lt;/strong&gt;&lt;/td&gt;
&lt;td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 0pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;"&gt;January 28, 2014&lt;br/&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;2.77&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;3.0&lt;/font&gt;&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #cceeff;"&gt;-&lt;/font&gt;3.5&lt;/font&gt; times&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;93.0&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;0&lt;/font&gt;%&lt;/td&gt;
&lt;td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;3&lt;/font&gt;&lt;font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #cceeff;"&gt;-&lt;/font&gt;9.5&lt;/font&gt;%&lt;/td&gt;
&lt;td style="text-align: left; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock>
  <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock id="Tag364" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;A summary of the aggregate option activity and information regarding options outstanding as of December 31, 2014 is as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Number&amp;#160;of&lt;br/&gt; Options&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Weighted&lt;br/&gt; Average&lt;br/&gt; Exercise&lt;br/&gt; Price&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Weighted&lt;br/&gt; Average&lt;br/&gt; Remaining&lt;br/&gt; Contract&amp;#160;Life&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Aggregate&lt;br/&gt; Intrinsic&lt;br/&gt; Value&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; width: 40%; padding-left: 0px; padding-top: 0px; background-color: #cceeff;"&gt;Options outstanding on January 1, 2014&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;6,371,250&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;0.25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-left: 10px; padding-top: 0px;"&gt;Granted&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;6,274,166&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1.49&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding-left: 10px; padding-top: 0px; background-color: #cceeff;"&gt;Forfeited&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(112,500&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1.49&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-left: 10px; padding-top: 0px;"&gt;Expired&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(7,500&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1.49&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding-left: 10px; padding-top: 0px; background-color: #cceeff;"&gt;Exercised&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(150,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;0.25&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 5px; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Options outstanding on December 31, 2014&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;12,375,416&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;0.87&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;7.23&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,016,816&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Options vested or expected to vest on December 31, 2014&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;8,693,171&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;0.47&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;6.02&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;5,763,445&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Options exercisable on December 31, 2014&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;7,353,583&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;0.51&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;6.07&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,689,250&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;/div&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized id="Tag365" contextRef="C2" unitRef="Shares" decimals="INF">21000000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
  <dq:VestingInstallmentsDuringVestingPeriod id="Tag366" contextRef="C623426" unitRef="Pure" decimals="0">24</dq:VestingInstallmentsDuringVestingPeriod>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 id="Tag367" contextRef="C623426">P2Y</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
  <dq:VestingInstallmentsDuringVestingPeriod id="Tag368" contextRef="C623436" unitRef="Pure" decimals="0">36</dq:VestingInstallmentsDuringVestingPeriod>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 id="Tag369" contextRef="C623436">P3Y</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
  <dq:BinomialOptionPricingModelExerciseMultiple id="Tag370" contextRef="C623445" unitRef="Pure" decimals="1">3.5</dq:BinomialOptionPricingModelExerciseMultiple>
  <dq:BinomialOptionPricingModelPostVestingForfeitureRate id="Tag371" contextRef="C623445" unitRef="Pure" decimals="3">0.095</dq:BinomialOptionPricingModelPostVestingForfeitureRate>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue id="Tag372" contextRef="C352" unitRef="USD" decimals="0">5016816</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue id="Tag373" contextRef="C352" unitRef="USD" decimals="0">5763445</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 id="Tag374" contextRef="C352" unitRef="USD" decimals="0">4689250</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag375" contextRef="C361" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag376" contextRef="C362" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag377" contextRef="C625869" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag378" contextRef="C363" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag379" contextRef="C364" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag380" contextRef="C158" unitRef="USD" decimals="0">66750009</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag381" contextRef="C159" unitRef="USD" decimals="0">54275617</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag382" contextRef="C154" unitRef="USD" decimals="0">18482300</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag383" contextRef="C155" unitRef="USD" decimals="0">23104709</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag384" contextRef="C665533" unitRef="USD" decimals="0">18546</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag385" contextRef="C665171" unitRef="USD" decimals="0">1595659</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag386" contextRef="C146" unitRef="USD" decimals="0">461796</us-gaap:DueToRelatedPartiesCurrent>
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&lt;td style="font-family: 'Times New Roman'; width: 97%;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;The relationships between the Group and related party are as follows:&lt;/font&gt;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;An affiliated company which is &lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100&lt;/font&gt;&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
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&lt;/xml&gt;&lt;![endif]--&gt;&lt;!-- [if gte mso 9]&gt;&lt;xml&gt; &lt;w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false" DefSemiHidden="false" DefQFormat="false" DefPriority="99" LatentStyleCount="371"&gt; &lt;w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 7"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 8"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 9"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 7"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 8"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 9"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 7"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 8"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 9"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Indent"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote text"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation text"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="header"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footer"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index heading"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="35" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="caption"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of figures"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope address"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope return"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote reference"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation reference"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="line number"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="page number"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote reference"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote text"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of authorities"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="macro"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="toa heading"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Closing"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Signature"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="1" SemiHidden="true" UnhideWhenUsed="true" Name="Default Paragraph Font"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Message Header"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Salutation"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Date"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Note Heading"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Block Text"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Hyperlink"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="FollowedHyperlink"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Document Map"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Plain Text"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="E-mail Signature"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Top of Form"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Bottom of Form"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal (Web)"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Acronym"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Address"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Cite"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Code"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Definition"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Keyboard"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Preformatted"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Sample"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Typewriter"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Variable"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Table"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation subject"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="No List"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 7"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 8"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 7"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 8"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Contemporary"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Elegant"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Professional"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Balloon Text"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" Name="Table Grid"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Theme"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="60" Name="Light Shading"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="61" Name="Light List"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="62" Name="Light Grid"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="65" Name="Medium List 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="66" Name="Medium List 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="70" Name="Dark List"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="71" Name="Colorful Shading"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="72" Name="Colorful List"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="73" Name="Colorful Grid"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" SemiHidden="true" Name="Revision"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="34" QFormat="true" Name="List Paragraph"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="30" QFormat="true" Name="Intense Quote"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="19" QFormat="true" Name="Subtle Emphasis"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="21" QFormat="true" Name="Intense Emphasis"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="31" QFormat="true" Name="Subtle Reference"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="32" QFormat="true" Name="Intense Reference"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="37" SemiHidden="true" UnhideWhenUsed="true" Name="Bibliography"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="41" Name="Plain Table 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="42" Name="Plain Table 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="43" Name="Plain Table 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="44" Name="Plain Table 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="45" Name="Plain Table 5"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="40" Name="Grid Table Light"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="47" Name="Grid Table 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="48" Name="Grid Table 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="49" Name="Grid Table 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 1"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 2"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 3"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 4"&gt;&lt;/w:LsdException&gt; &lt;w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 4"&gt;&lt;/w:LsdException&gt; 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&lt;p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;font style="color: black; font-family: 'times new roman', times; font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;&lt;/font&gt;&lt;font style="color: black; font-family: 'times new roman', times; font-size: 10pt;"&gt;% held by Daqo&amp;#160;&lt;/font&gt;Group, and was consolidated by the Company as VIE on&amp;#160;December 31, 2013&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Chongqing Daqo Tailai Electric Co., Ltd. (&amp;#147;Chongqing Daqo Tailai&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Nanjing Daqo Transformer Systems Co., Ltd. (&amp;#147;Nanjing Daqo Transformer&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Jiangsu Daqo Changjiang Electric Co., Ltd. (&amp;#147;Jiangsu Daqo&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Nanjing Daqo Electric Co., Ltd. (&amp;#147;Nanjing Daqo Electric&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Zhenjiang Klockner-Moeller Electrical Systems Co., Ltd. (&amp;#147;Zhenjiang Moeller&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Nanjing Intelligent Apparatus Co., Ltd. (&amp;#147;Intelligent Apparatus&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Nanjing Intelligent Software Co., Ltd. (&amp;#147;Intelligent Software&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Daqo Investment Co., Ltd. (&amp;#147;Daqo Investment&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="font-size: 10pt;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;Shanghai Sailfar Electric Technology Co., Ltd. (&amp;#147;Daqo Sailfar&amp;#148;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt;"&gt;An affiliated company which is &lt;font&gt;100&lt;/font&gt;% held by Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

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&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="font-size: 10pt;" class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; width: 3%;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;(2) &amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-left: none; border-right: none; border-top: none; border-bottom: none; font-family: 'Times New Roman'; width: 97%;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Related party balances:&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;The balance with Daqo Group and its subsidiaries was as follows:&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;The balances due from related parties mainly included the consideration for the transfer of 100% ownership of Nanjing Daqo to Daqo Group and amount due from Zhenjiang Daqo for sales of wafer and polysilicon. Such balances are unsecured, interest-free, and are payable on demand. The balances are as follows:&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div align="center"&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;div&gt;
&lt;div align="center"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-family: 'Times New Roman', Times, serif; letter-spacing: normal; orphans: auto; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; width: 100%; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; margin-left: 0.1px;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;December&amp;#160;31,&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;2013&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;2014&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left;"&gt;Amount due from related party&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="width: 654.671875px; text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Zhenjiang Daqo&lt;/td&gt;
&lt;td style="width: 9px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 9px; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="width: 69px; text-align: right;"&gt;&lt;font&gt;6,898,980&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 8px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 8px; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="width: 68px; text-align: right;"&gt;&lt;font&gt;4,551,846&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 8px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Daqo Group&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;6,465,561&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;5,110,085&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="text-indent: -10pt; padding-left: 10pt; padding-bottom: 1pt;"&gt;Others&lt;/td&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font&gt;51,911&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font&gt;325,037&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: -10pt; padding-left: 10pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="text-indent: -10pt; padding-left: 10pt; padding-bottom: 2.5pt;"&gt;Total&lt;/td&gt;
&lt;td style="padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"&gt;&lt;font&gt;13,416,452&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"&gt;&lt;font&gt;9,986,968&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div style="font-family: 'times new roman', times; font-size: 10pt;"&gt;
&lt;div style="font-size: 10pt;"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;Interest free loans due to related parties received primarily for working capital purposes from Daqo Solar and Xinjiang Daqo Investment, wholly-owned subsidiaries of Daqo Group. The balances are payable on demand and are as follows:&lt;/font&gt;&lt;br/&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div&gt;
&lt;div style="font-family: 'times new roman', times; font-size: 10pt;"&gt;
&lt;div style="font-size: 10pt;"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="font-size: 10pt;" class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="right" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-size: 10pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="6" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="background-color: #ffffff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="3" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2013&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="6" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2014&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="width: 10%; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 60%; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Amount due to related party&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-size: 10pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo Solar&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;66,750,009&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;54,275,617&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Xinjiang Daqo investment&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,482,300&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;23,104,709&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo New Material&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;font&gt;449,988&lt;/font&gt;&lt;/font&gt;&lt;br style="font-family: 'times new roman', times; font-size: 10pt;"/&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;4,950,746&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Chongqing Daqo Tailai&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;1,755,326&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-size: 10pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Nanjing Daqo&amp;#160;Transformer&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,546&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,595,659&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;461,796&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,339,128&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Jiangsu Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;46,437&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;1,200,018&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Nanjing Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;1,651,810&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font&gt;&lt;font style="font-size: 13.3333330154419px;"&gt;Nanjing Daqo Electric&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font&gt;33,697&lt;/font&gt;&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font&gt;742,747&lt;/font&gt;&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-size: 10pt; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Others*&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;643,207&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;734,201&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: top; text-align: left;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-size: 10pt; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Total&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;88,537,790&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;89,698,151&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div style="font-size: 10pt;" class="CursorPointer"&gt;&lt;br style="font-size: 10pt;"/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;br/&gt;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&amp;#160;*&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;The remaining balance of amount due to related party of $&lt;font&gt;734,201&lt;/font&gt;&amp;#160;as of December 31, 2014 was comprised of Zhenjiang Moeller, Intelligent Apparatus, Intelligent Software, Daqo Investment, Daqo Sailfar and Zhenjiang Daqo in the amount of $&lt;font&gt;310,395&lt;/font&gt;, $&lt;font&gt;302,807&lt;/font&gt;, $&lt;font&gt;54,461&lt;/font&gt;, $&lt;font&gt;5,360&lt;/font&gt;, $&lt;font&gt;34&lt;/font&gt;, and $&lt;font&gt;61,144&lt;/font&gt;, respectively.&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div style="font-family: 'times new roman', times; font-size: 10pt;"&gt;
&lt;div style="font-size: 10pt;"&gt;
&lt;div style="font-size: 10pt;" class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%;" width="100%"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td style="width: 0pt; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(3)&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;The transactions with Daqo Group and its subsidiaries were as follows:&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="font-size: 10pt;" class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;Transaction&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="10" align="left" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;Year Ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" align="left" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;Name of Related parties&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;Nature&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2012&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2013&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2014&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Fixed asset&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,849,533&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;486,948&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;813,105&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;10,821,462&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;Repayment of interest free loans&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;813,105&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,115,813&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Disposition of 100% equity interest of Nan Jing Daqo&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,888,742&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Zhenjiang Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Sales&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,799,428&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,471,866&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,554,320&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo Solar&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Sales&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,595,680&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Prepayment received&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,497,973&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;76,881,392&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;157,241,390&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;28,379,678&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;166,231,092&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Nanjing Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Sales&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;80,126&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;112&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;br style="font-family: 'times new roman', times; font-size: 10pt;"/&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;br style="font-family: 'times new roman', times; font-size: 10pt;"/&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;973,898&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; font-family: 'times new roman', times; font-size: 10pt; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;2,921,693&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Related party interest bearing loan&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,584,820&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Interest charged&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;40,611&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Xinjiang Daqo Investment&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Prepayment received&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,354,620&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;58,389,643&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;98,367,234&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;40,193,785&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;93,219,846&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo New Material&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;7,729,501&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;4,600,117&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Rental expense&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;1,071,287&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Others subsidiaries under Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;636&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Fixed asset**&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;202,556&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;157,742&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,714,476&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Raw material&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,282&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Total&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Sales&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,799,427&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,471,866&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;19,150,112&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Disposition of &lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100&lt;/font&gt;&lt;/font&gt;% equity interest in Nanjing Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,888,742&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Fixed asset&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,052,089&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;157,742&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,201,424&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Raw material&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,282&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Rental expense&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,071,287&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Interest expense&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;40,611&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Prepayment received*&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;15,852,593&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,584,820&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;136,084,140&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;275,134,122&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;69,386,568&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;275,088,560&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 1%; vertical-align: top;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;*&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 98%;"&gt;
&lt;div&gt;
&lt;div style="font-size: 10pt;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;Prepayment has been considered a related party loan given there has been no deliveries since the prepayment was provided&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 1%; vertical-align: top;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;**&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 98%;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&lt;/font&gt;
&lt;div&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;The transactions of $6,714,476 in 2014 were comprised of the purchase of fixed assets from Nanjing&amp;#160;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Daqo&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt; Electric, Nanjing&amp;#160;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Daqo&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt; Transformer, Jiangsu &lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Daqo, Chongqing&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Daqo&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt; &lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Tailai and Intelligence Apparatus&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&amp;#160;in the amount of $&lt;font&gt;763,856&lt;/font&gt;, $&lt;font&gt;1,913,941&lt;/font&gt;, $&lt;font&gt;1,165,346&lt;/font&gt;, $&lt;font&gt;2,724,790&lt;/font&gt; and $&lt;font&gt;146,543&lt;/font&gt;, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;/div&gt;
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&lt;td style="width: 0pt; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;(3)&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;The transactions with Daqo Group and its subsidiaries were as follows:&lt;/font&gt;&lt;/td&gt;
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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;
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&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;Transaction&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="10" align="left" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;Year Ended December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td nowrap="nowrap" align="left" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;Name of Related parties&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;Nature&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2013&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2014&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Fixed asset&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,849,533&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;486,948&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;813,105&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;10,821,462&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;Repayment of interest free loans&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;813,105&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,115,813&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Disposition of 100% equity interest of Nan Jing Daqo&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,888,742&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Zhenjiang Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Sales&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,799,428&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,471,866&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,554,320&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo Solar&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Sales&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,595,680&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Prepayment received&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,497,973&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;76,881,392&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;157,241,390&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;28,379,678&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;166,231,092&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Nanjing Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Sales&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;80,126&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;112&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;br style="font-family: 'times new roman', times; font-size: 10pt;"/&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;br style="font-family: 'times new roman', times; font-size: 10pt;"/&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;973,898&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; font-family: 'times new roman', times; font-size: 10pt; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;2,921,693&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Related party interest bearing loan&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,584,820&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Xinjiang Daqo Investment&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Prepayment received&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,354,620&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;58,389,643&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;98,367,234&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;40,193,785&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;93,219,846&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo New Material&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;7,729,501&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;4,600,117&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Rental expense&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;1,071,287&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Others subsidiaries under Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;636&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Fixed asset**&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;202,556&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;157,742&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,714,476&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Raw material&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,282&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Total&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Sales&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,799,427&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,471,866&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;19,150,112&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Disposition of &lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100&lt;/font&gt;&lt;/font&gt;% equity interest in Nanjing Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,888,742&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Fixed asset&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,052,089&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;157,742&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,201,424&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Purchase-Raw material&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,282&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Rental expense&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,071,287&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Interest expense&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;40,611&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Prepayment received*&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;15,852,593&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Proceeds from interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,584,820&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;136,084,140&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;275,134,122&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Repayment of interest free loans&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;69,386,568&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;275,088,560&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 1%; vertical-align: top;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;*&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 98%;"&gt;
&lt;div&gt;
&lt;div style="font-size: 10pt;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;Prepayment has been considered a related party loan given there has been no deliveries since the prepayment was provided&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table width="100%" cellpadding="0" border="0" cellspacing="0"&gt;

&lt;tr&gt;
&lt;td style="width: 1%; vertical-align: top;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;**&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="width: 98%;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&lt;/font&gt;
&lt;div&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;The transactions of $6,714,476 in 2014 were comprised of the purchase of fixed assets from Nanjing&amp;#160;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Daqo&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt; Electric, Nanjing&amp;#160;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Daqo&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt; Transformer, Jiangsu &lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Daqo, Chongqing&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&amp;#160;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Daqo&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt; &lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE"&gt;Tailai and Intelligence Apparatus&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&amp;#160;in the amount of $&lt;font&gt;763,856&lt;/font&gt;, $&lt;font&gt;1,913,941&lt;/font&gt;, $&lt;font&gt;1,165,346&lt;/font&gt;, $&lt;font&gt;2,724,790&lt;/font&gt; and $&lt;font&gt;146,543&lt;/font&gt;, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock>
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  <us-gaap:DueToRelatedPartiesCurrent id="Tag495" contextRef="C628802" unitRef="USD" decimals="0">1755326</us-gaap:DueToRelatedPartiesCurrent>
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  <us-gaap:DueToRelatedPartiesCurrent id="Tag497" contextRef="C623536" unitRef="USD" decimals="0">1200018</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag498" contextRef="C156" unitRef="USD" decimals="0">1651810</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag499" contextRef="C157" unitRef="USD" xsi:nil="true" />
  <us-gaap:RelatedPartyTransactionAmountsOfTransaction id="Tag500" contextRef="C625919" unitRef="USD" xsi:nil="true" />
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag501" contextRef="C628802" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag502" contextRef="C665171" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag503" contextRef="C623536" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag504" contextRef="C665212" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag505" contextRef="C665217" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag506" contextRef="C665218" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag507" contextRef="C665219" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag508" contextRef="C665220" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag509" contextRef="C665221" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
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  <us-gaap:DueToRelatedPartiesCurrent id="Tag514" contextRef="C665219" unitRef="USD" decimals="0">54461</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag515" contextRef="C665221" unitRef="USD" decimals="0">34</us-gaap:DueToRelatedPartiesCurrent>
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  <us-gaap:DueFromRelatedPartiesCurrent id="Tag519" contextRef="C148" unitRef="USD" decimals="0">4551846</us-gaap:DueFromRelatedPartiesCurrent>
  <us-gaap:DueFromRelatedPartiesCurrent id="Tag520" contextRef="C146" unitRef="USD" decimals="0">6465561</us-gaap:DueFromRelatedPartiesCurrent>
  <us-gaap:DueFromRelatedPartiesCurrent id="Tag521" contextRef="C149" unitRef="USD" decimals="0">5110085</us-gaap:DueFromRelatedPartiesCurrent>
  <us-gaap:DueFromRelatedPartiesCurrent id="Tag522" contextRef="C147" unitRef="USD" decimals="0">51911</us-gaap:DueFromRelatedPartiesCurrent>
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  <dq:ScheduleOfRelatedPartyBalancesLoansTableTextBlock id="Tag524" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="center"&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-family: 'Times New Roman', Times, serif; letter-spacing: normal; orphans: auto; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; width: 100%; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; margin-left: 0.1px;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;December&amp;#160;31,&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;2013&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;2014&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left;"&gt;Amount due from related party&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="width: 654.671875px; text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Zhenjiang Daqo&lt;/td&gt;
&lt;td style="width: 9px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 9px; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="width: 69px; text-align: right;"&gt;&lt;font&gt;6,898,980&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 8px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 8px; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="width: 68px; text-align: right;"&gt;&lt;font&gt;4,551,846&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 8px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Daqo Group&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;6,465,561&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;5,110,085&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="text-indent: -10pt; padding-left: 10pt; padding-bottom: 1pt;"&gt;Others&lt;/td&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font&gt;51,911&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font&gt;325,037&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: -10pt; padding-left: 10pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="text-indent: -10pt; padding-left: 10pt; padding-bottom: 2.5pt;"&gt;Total&lt;/td&gt;
&lt;td style="padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"&gt;&lt;font&gt;13,416,452&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"&gt;&lt;font&gt;9,986,968&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;</dq:ScheduleOfRelatedPartyBalancesLoansTableTextBlock>
  <dq:ScheduleOfRelatedPartyBalancesPayablesTableTextBlock id="Tag525" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="font-family: 'times new roman', times; font-size: 10pt;"&gt;
&lt;div style="font-size: 10pt;"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;div style="font-size: 10pt;" class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="right" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-size: 10pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="6" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="background-color: #ffffff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="3" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2013&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong style="font-size: 10pt;"&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="6" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;strong&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2014&lt;/font&gt;&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="width: 10%; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 60%; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Amount due to related party&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-size: 10pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo Solar&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;66,750,009&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;54,275,617&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Xinjiang Daqo investment&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,482,300&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;23,104,709&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo New Material&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;font&gt;449,988&lt;/font&gt;&lt;/font&gt;&lt;br style="font-family: 'times new roman', times; font-size: 10pt;"/&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;4,950,746&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Chongqing Daqo Tailai&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;1,755,326&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-size: 10pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Nanjing Daqo&amp;#160;Transformer&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,546&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,595,659&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Daqo Group&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;461,796&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,339,128&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Jiangsu Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;46,437&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;1,200,018&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Nanjing Daqo&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;1,651,810&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; text-indent: 10pt; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font&gt;&lt;font style="font-size: 13.3333330154419px;"&gt;Nanjing Daqo Electric&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font&gt;33,697&lt;/font&gt;&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font&gt;742,747&lt;/font&gt;&lt;/font&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-size: 10pt; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Others*&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;643,207&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;734,201&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: top; text-align: left;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-size: 10pt; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Total&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;88,537,790&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font style="font-family: 'times new roman', times; font-size: 10pt;"&gt;89,698,151&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div style="font-size: 10pt;" class="CursorPointer"&gt;&lt;br style="font-size: 10pt;"/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&amp;#160;&lt;br/&gt;&lt;/font&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;&amp;#160;*&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;The remaining balance of amount due to related party of $&lt;font&gt;734,201&lt;/font&gt;&amp;#160;as of December 31, 2014 was comprised of Zhenjiang Moeller, Intelligent Apparatus, Intelligent Software, Daqo Investment, Daqo Sailfar and Zhenjiang Daqo in the amount of $&lt;font&gt;310,395&lt;/font&gt;, $&lt;font&gt;302,807&lt;/font&gt;, $&lt;font&gt;54,461&lt;/font&gt;, $&lt;font&gt;5,360&lt;/font&gt;, $&lt;font&gt;34&lt;/font&gt;, and $&lt;font&gt;61,144&lt;/font&gt;, respectively.&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;</dq:ScheduleOfRelatedPartyBalancesPayablesTableTextBlock>
  <us-gaap:DueToRelatedPartiesCurrent id="Tag526" contextRef="C665220" unitRef="USD" decimals="0">5360</us-gaap:DueToRelatedPartiesCurrent>
  <us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic id="Tag527" contextRef="C4" unitRef="USD" decimals="0">-111928891</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
  <us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic id="Tag528" contextRef="C3" unitRef="USD" decimals="0">-70943484</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
  <us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic id="Tag529" contextRef="C5" unitRef="USD" decimals="0">16649176</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
  <us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements id="Tag530" contextRef="C4" unitRef="Shares" xsi:nil="true" />
  <us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements id="Tag531" contextRef="C3" unitRef="Shares" xsi:nil="true" />
  <us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements id="Tag532" contextRef="C5" unitRef="Shares" decimals="0">5003667</us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount id="Tag533" contextRef="C4" unitRef="Shares" decimals="0">7179500</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount id="Tag534" contextRef="C3" unitRef="Shares" decimals="0">6371250</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount id="Tag535" contextRef="C5" unitRef="Shares" decimals="0">6154166</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
  <us-gaap:EarningsPerShareTextBlock id="Tag536" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;16. EARNINGS PER SHARE&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The calculation of earnings per share is as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Numerator used in basic and diluted earnings per share:&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 61%;"&gt;Net (loss) income attributable to Daqo New Energy Corp. ordinary shareholders&amp;#151;basic and diluted&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(111,928,891&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(70,943,484&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;16,649,176&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Denominator used in basic and diluted earnings per share:&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;Weighted average number of ordinary shares outstanding used in computing earnings per share&amp;#151;basic&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;175,067,343&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;173,068,420&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;206,349,976&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Plus: share options&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;5,003,667&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Weighted average number of ordinary shares outstanding used in computing earnings per share&amp;#151;diluted&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;175,067,343&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;173,068,420&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;211,353,643&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&amp;#151;Basic&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(0.64&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(0.41&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;0.08&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&amp;#151;Diluted&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;(0.64&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;(0.41&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;0.08&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Outstanding employee options totaling of &lt;font&gt;7,179,500&lt;/font&gt;, &lt;font&gt;6,371,250&lt;/font&gt; and &lt;font&gt;6,154,166&lt;/font&gt; were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive for the year ended December 31, 2012, 2013 and 2014, respectively.&lt;/p&gt;

&lt;/div&gt;
&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
  <us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears id="Tag537" contextRef="C2" unitRef="USD" decimals="0">1071287</us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears>
  <us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears id="Tag538" contextRef="C2" unitRef="USD" xsi:nil="true" />
  <us-gaap:OperatingLeasesFutureMinimumPaymentsDue id="Tag539" contextRef="C2" unitRef="USD" decimals="0">2142574</us-gaap:OperatingLeasesFutureMinimumPaymentsDue>
  <us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock id="Tag540" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Future minimum lease payments are as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 70%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Year ending December 31&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;USDUSD&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 80%; background-color: #cceeff;"&gt;2015&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 17%; background-color: #cceeff;"&gt;&lt;font&gt;1,071,287&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;2016&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,071,287&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;2017&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 10pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,142,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
  <us-gaap:Revenues id="Tag541" contextRef="C29" unitRef="USD" decimals="0">79518146</us-gaap:Revenues>
  <us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock id="Tag542" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The calculation of earnings per share is as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Numerator used in basic and diluted earnings per share:&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 61%;"&gt;Net (loss) income attributable to Daqo New Energy Corp. ordinary shareholders&amp;#151;basic and diluted&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(111,928,891&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(70,943,484&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;16,649,176&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Denominator used in basic and diluted earnings per share:&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;Weighted average number of ordinary shares outstanding used in computing earnings per share&amp;#151;basic&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;175,067,343&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;173,068,420&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;206,349,976&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Plus: share options&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;5,003,667&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Weighted average number of ordinary shares outstanding used in computing earnings per share&amp;#151;diluted&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;175,067,343&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;173,068,420&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;211,353,643&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&amp;#151;Basic&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(0.64&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(0.41&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;0.08&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&amp;#151;Diluted&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;(0.64&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;(0.41&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;0.08&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
  <us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted id="Tag543" contextRef="C4" unitRef="USD" decimals="0">-111928891</us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted>
  <us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted id="Tag544" contextRef="C3" unitRef="USD" decimals="0">-70943484</us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted>
  <us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted id="Tag545" contextRef="C5" unitRef="USD" decimals="0">16649176</us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted>
  <us-gaap:PurchaseCommitmentRemainingMinimumAmountCommitted id="Tag546" contextRef="C2" unitRef="USD" decimals="-5">34800000</us-gaap:PurchaseCommitmentRemainingMinimumAmountCommitted>
  <us-gaap:OperatingLeasesRentExpenseNet id="Tag547" contextRef="C4" unitRef="USD" decimals="0">580724</us-gaap:OperatingLeasesRentExpenseNet>
  <us-gaap:OperatingLeasesRentExpenseNet id="Tag548" contextRef="C3" unitRef="USD" decimals="0">164811</us-gaap:OperatingLeasesRentExpenseNet>
  <us-gaap:OperatingLeasesRentExpenseNet id="Tag549" contextRef="C5" unitRef="USD" decimals="0">1071287</us-gaap:OperatingLeasesRentExpenseNet>
  <us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent id="Tag550" contextRef="C2" unitRef="USD" decimals="0">1071287</us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent>
  <us-gaap:CommitmentsDisclosureTextBlock id="Tag551" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;17. COMMITMENTS AND CONTINGENCIES&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;Capital commitments&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;As of December 31, 2014, commitments outstanding for the purchases of property, plant and equipment approximated $&lt;font&gt;34.8&lt;/font&gt; million, which will be due subsequent to receipt of the purchases.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;Lease commitments&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;operating lease commitments as of December 31, 2014 were principally for its facility in Daqo New Material. The lease expense was &lt;/font&gt;$&lt;font&gt;580,724&lt;/font&gt;, $&lt;font&gt;164,811&lt;/font&gt; and $&lt;font&gt;1,071,287&lt;/font&gt; for the year ended December 31, 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Future minimum lease payments are as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 70%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Year ending December 31&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;USDUSD&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 80%; background-color: #cceeff;"&gt;2015&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 17%; background-color: #cceeff;"&gt;&lt;font&gt;1,071,287&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;2016&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,071,287&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;2017&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-indent: 10pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,142,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;em&gt;&lt;strong&gt;Legal Matter&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;The Group&amp;#160;is the defendant in arbitration involving a supplier claiming approximately $&lt;font&gt;0.8&lt;/font&gt; million from alleged breach of an equipment supply contract. The Group&amp;#160;determined that the likelihood of loss is probable and the&amp;#160;best estimate of&amp;#160;loss is $&lt;font&gt;0.4&lt;/font&gt; million. Accordingly, the contingent liability of $&lt;font&gt;0.4&lt;/font&gt; million was accrued in "Accrued Expenses And Other Current Liabilities" as of December 31, 2014.&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:CommitmentsDisclosureTextBlock>
  <us-gaap:LossContingencyDamagesSoughtValue id="Tag552" contextRef="C5" unitRef="USD" decimals="-5">800000</us-gaap:LossContingencyDamagesSoughtValue>
  <us-gaap:LossContingencyEstimateOfPossibleLoss id="Tag553" contextRef="C2" unitRef="USD" decimals="-5">400000</us-gaap:LossContingencyEstimateOfPossibleLoss>
  <dq:LesseeLeasingArrangementsOperatingLeasesAnnualPayment id="Tag554" contextRef="C261" unitRef="USD" decimals="-6">1000000</dq:LesseeLeasingArrangementsOperatingLeasesAnnualPayment>
  <us-gaap:Revenues id="Tag555" contextRef="C266" unitRef="USD" decimals="0">10743336</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag556" contextRef="C267" unitRef="USD" xsi:nil="true" />
  <us-gaap:Revenues id="Tag557" contextRef="C391" unitRef="USD" xsi:nil="true" />
  <us-gaap:OperatingCostsAndExpenses id="Tag558" contextRef="C266" unitRef="USD" decimals="0">14451810</us-gaap:OperatingCostsAndExpenses>
  <us-gaap:OperatingCostsAndExpenses id="Tag559" contextRef="C267" unitRef="USD" decimals="0">150147024</us-gaap:OperatingCostsAndExpenses>
  <us-gaap:OperatingCostsAndExpenses id="Tag560" contextRef="C391" unitRef="USD" xsi:nil="true" />
  <us-gaap:NetIncomeLoss id="Tag561" contextRef="C266" unitRef="USD" decimals="0">-3708474</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss id="Tag562" contextRef="C267" unitRef="USD" decimals="0">-150147024</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss id="Tag563" contextRef="C391" unitRef="USD" xsi:nil="true" />
  <us-gaap:LesseeLeasingArrangementsOperatingLeasesTermOfContract id="Tag564" contextRef="C262">P3Y</us-gaap:LesseeLeasingArrangementsOperatingLeasesTermOfContract>
  <us-gaap:Revenues id="Tag565" contextRef="C34" unitRef="USD" decimals="0">13407594</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag566" contextRef="C28" unitRef="USD" decimals="0">-6067339</us-gaap:Revenues>
  <us-gaap:VariableInterestEntityDisclosureTextBlock id="Tag567" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;&lt;font&gt;18&lt;/font&gt;. VARIABLE INTEREST ENTITY&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The equity interests in Daqo New Material, the VIE, are funded by Daqo Group. Daqo New Material was structured to acquire land use rights and to erect certain facilities for the future use of the Group.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;The lease agreement with the VIE is structured such that Chongqing Daqo protect Daqo Group from potential losses from Daqo New Material. As a result of this agreement, Chongqing Daqo is the primary beneficiary of Daqo New Material. Lease income and expenses and associated receivables and payables are eliminated upon consolidation as intercompany transactions. Net income of the VIE is reflected as an adjustment to noncontrolling interest. The Group relies on the lease agreements with Daqo New Material for material property, plant and equipment necessary for production. If Daqo New Material fails to perform or terminates the lease agreement for any reason, including, for example, due to its breach of the agreement or the unavailability of any required governmental approvals, or if it refuses to extend or renew the lease agreement when the agreement expires, and the Group cannot find an immediately available alternative source for leasing similar property, plant and equipment, then the Group's ability to carry on the operations will be impaired. If Daqo New Material fails to perform its obligations, the Group may need to initiate legal procedures to enforce the agreement.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&amp;#160;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On December 31, 2013, Chongqing Daqo and Daqo New Material terminated this lease agreement. As a result of the change, Chongqing Daqo no longer has the power to direct the activities that most significantly impact Daqo New Material's operations, and as such Chongqing Daqo ceased to be the primary beneficiary of Daqo New Material and deconsolidated the entity on the date the lease arrangement was terminated, December 30, 2013. No gain or loss was recorded on termination of VIE arrangement. After deconsolidation, Daqo New Material remains a related party of the Group. On January 1, 2014, Chongqing Daqo signed a new operating lease agreement with Daqo New Material with respect to certain limited facilities, including the dining hall, office space and portions of the employee dormitory which it uses for its wafer business located nearby. The term of the lease is &lt;font&gt;three&lt;/font&gt; years and the annual rental for these facilities is approximately $&lt;font&gt;1&lt;/font&gt; million.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Daqo New Material leased all of its assets for use in the Group's operations before December 30, 2014. The revenues, operating costs and expenses and net income of the VIE are as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman'; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td width="100%" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Revenues&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;10,743,336&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;"&gt;*&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Operating costs and expenses&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"&gt;&lt;font&gt;14,451,810&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; text-align: right;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"&gt;&lt;font&gt;150,147,024&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; text-align: right;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Net income (loss)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;(3,708,474&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;(150,147,024&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;*&lt;br/&gt;&lt;/p&gt;
&lt;div&gt;&lt;font style="font-size: 10pt;"&gt;The lease term was amended at the beginning of &lt;/font&gt;&lt;font style="font-size: 10pt;"&gt;2013&lt;/font&gt;&lt;font style="font-size: 10pt;"&gt; and reduced the rent to $&lt;/font&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;0&lt;/font&gt;&lt;/font&gt;&lt;font style="font-size: 10pt;"&gt; per month and was later terminated on December 30, 2013.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;div&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:VariableInterestEntityDisclosureTextBlock>
  <us-gaap:ScheduleOfVariableInterestEntitiesTextBlock id="Tag568" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Daqo New Material leased all of its assets for use in the Group's operations before December 30, 2014. The revenues, operating costs and expenses and net income of the VIE are as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman'; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td width="100%" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Revenues&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;10,743,336&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;"&gt;*&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Operating costs and expenses&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"&gt;&lt;font&gt;14,451,810&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; text-align: right;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"&gt;&lt;font&gt;150,147,024&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; text-align: right;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Net income (loss)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;(3,708,474&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;(150,147,024&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;*&lt;br/&gt;&lt;/p&gt;
&lt;div&gt;&lt;font style="font-size: 10pt;"&gt;The lease term was amended at the beginning of &lt;/font&gt;&lt;font style="font-size: 10pt;"&gt;2013&lt;/font&gt;&lt;font style="font-size: 10pt;"&gt; and reduced the rent to $&lt;/font&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;0&lt;/font&gt;&lt;/font&gt;&lt;font style="font-size: 10pt;"&gt; per month and was later terminated on December 30, 2013.&lt;/font&gt;&lt;/div&gt;
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  <us-gaap:Revenues id="Tag571" contextRef="C26" unitRef="USD" decimals="0">-6067339</us-gaap:Revenues>
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  <us-gaap:CostOfRevenue id="Tag573" contextRef="C29" unitRef="USD" decimals="0">110243043</us-gaap:CostOfRevenue>
  <us-gaap:CostOfRevenue id="Tag574" contextRef="C34" unitRef="USD" decimals="0">20114680</us-gaap:CostOfRevenue>
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  <us-gaap:GrossProfit id="Tag576" contextRef="C29" unitRef="USD" decimals="0">-30724897</us-gaap:GrossProfit>
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  <us-gaap:GrossProfit id="Tag590" contextRef="C45" unitRef="USD" decimals="0">-17336221</us-gaap:GrossProfit>
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  <us-gaap:Revenues id="Tag592" contextRef="C54" unitRef="USD" decimals="0">127692325</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag593" contextRef="C55" unitRef="USD" decimals="0">54879527</us-gaap:Revenues>
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  <us-gaap:PrepaidExpenseAndOtherAssetsCurrent id="Tag609" contextRef="C385" unitRef="USD" decimals="0">204682</us-gaap:PrepaidExpenseAndOtherAssetsCurrent>
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  <us-gaap:SegmentReportingDisclosureTextBlock id="Tag614" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;19. SEGMENT INFORMATION&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group's chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. Following the further expansion of module business and entering into the wafer business in 2011, the Group operated and viewed its performance in &lt;font&gt;three&lt;/font&gt; segments. However, on September 28, 2012, the module business was disposed (see Note &lt;font&gt;3&lt;/font&gt;). Therefore, only &lt;font&gt;two&lt;/font&gt; segments remained in 2013 and 2014, and the segment information in prior years was restated to be consistent with the current year reportable segments. Furthermore, the Group's chief operating decision maker is not provided with asset information by segment. As such, &lt;font&gt;no&lt;/font&gt; asset information by segment is presented. The following tables summarized the Group's revenue and cost generated from different revenue streams. Substantially all of its revenues are derived in the PRC. The Group's long lived assets and operations are substantially all located in the PRC.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following table summarizes the Group's revenue by segment:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31, 2012&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Polysilicon&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Wafer&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Elimination&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;"&gt;Revenue - External&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;73,450,807&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;13,407,594&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;86,858,401&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Revenue - Intersegment&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;6,067,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(6,067,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total revenue&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;79,518,146&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;13,407,594&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(6,067,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;86,858,401&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Total Cost of revenue&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;110,243,043&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;20,114,680&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(6,067,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;124,290,384&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Gross loss&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(30,724,897&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(6,707,086&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(37,431,983&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31, 2013&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Polysilicon&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Wafer&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Elimination&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;"&gt;Revenue - External&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;76,721,105&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;32,278,700&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;108,999,805&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Revenue - Intersegment&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;13,195,838&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(13,195,838&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total revenue&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;89,916,943&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;32,278,700&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(13,195,838&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;108,999,805&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Total Cost of revenue&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;98,684,325&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;49,614,921&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(13,195,838&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;135,103,408&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Gross loss&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(8,767,382&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(17,336,221&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(26,103,603&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31, 2014&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Polysilicon&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Wafer&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Elimination&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;"&gt;Revenue &amp;#150; External&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;127,692,325&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;54,879,527&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;182,571,852&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Revenue - Intersegment&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;29,424,883&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(29,424,883&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total Revenue&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;157,117,208&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;54,879,527&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(29,424,883&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;182,571,852&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Total Cost of revenue&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;119,703,550&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;47,861,811&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(28,256,850&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;139,308,511&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Gross Profit&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;37,413,658&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;7,017,716&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(1,168,033&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: left; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;43,263,341&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following customers accounted for &lt;font&gt;10&lt;/font&gt;% or more of revenues:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%; margin-left: 1in;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 52%; background-color: #cceeff;"&gt;Customer I&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 13%; background-color: #cceeff;"&gt;&lt;font&gt;21,749,284&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right; width: 13%; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 13%; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Customer J&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;19,644,488&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;23,882,302&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Customer C&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;18,210,196&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Customer K&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;13,471,873&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div align="left"&gt;
&lt;div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;"&gt;&amp;#160;&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td style="width: 2%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 97%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;
&lt;div&gt;Represents less than 10%&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures id="Tag615" contextRef="C384" unitRef="USD" decimals="0">127203565</us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
  <us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures id="Tag616" contextRef="C385" unitRef="USD" decimals="0">197571399</us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
  <us-gaap:Assets id="Tag617" contextRef="C384" unitRef="USD" decimals="0">137678183</us-gaap:Assets>
  <us-gaap:Assets id="Tag618" contextRef="C385" unitRef="USD" decimals="0">207379316</us-gaap:Assets>
  <dq:AccruedExpensesAndOtherCurrentLiabilities id="Tag619" contextRef="C384" unitRef="USD" decimals="0">351622</dq:AccruedExpensesAndOtherCurrentLiabilities>
  <dq:AccruedExpensesAndOtherCurrentLiabilities id="Tag620" contextRef="C385" unitRef="USD" decimals="0">324720</dq:AccruedExpensesAndOtherCurrentLiabilities>
  <us-gaap:LiabilitiesCurrent id="Tag621" contextRef="C384" unitRef="USD" decimals="0">351622</us-gaap:LiabilitiesCurrent>
  <us-gaap:LiabilitiesCurrent id="Tag622" contextRef="C385" unitRef="USD" decimals="0">611246</us-gaap:LiabilitiesCurrent>
  <us-gaap:CommonStockParOrStatedValuePerShare id="Tag623" contextRef="C384" unitRef="USDPerShare" decimals="INF">0.0001</us-gaap:CommonStockParOrStatedValuePerShare>
  <us-gaap:CommonStockSharesAuthorized id="Tag624" contextRef="C384" unitRef="Shares" decimals="INF">500000000</us-gaap:CommonStockSharesAuthorized>
  <us-gaap:CommonStockSharesIssued id="Tag625" contextRef="C384" unitRef="Shares" decimals="INF">175714103</us-gaap:CommonStockSharesIssued>
  <us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock id="Tag626" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following table summarizes the Group's revenue by segment:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31, 2012&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Polysilicon&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Wafer&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Elimination&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;"&gt;Revenue - External&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;73,450,807&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;13,407,594&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;86,858,401&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Revenue - Intersegment&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;6,067,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(6,067,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total revenue&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;79,518,146&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;13,407,594&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(6,067,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;86,858,401&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Total Cost of revenue&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;110,243,043&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;20,114,680&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(6,067,339&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;124,290,384&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Gross loss&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(30,724,897&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(6,707,086&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(37,431,983&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31, 2013&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Polysilicon&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Wafer&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Elimination&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;"&gt;Revenue - External&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;76,721,105&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;32,278,700&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;108,999,805&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Revenue - Intersegment&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;13,195,838&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(13,195,838&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total revenue&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;89,916,943&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;32,278,700&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(13,195,838&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;108,999,805&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Total Cost of revenue&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;98,684,325&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;49,614,921&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(13,195,838&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;135,103,408&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Gross loss&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(8,767,382&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(17,336,221&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(26,103,603&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31, 2014&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Polysilicon&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Wafer&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Elimination&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;"&gt;Revenue &amp;#150; External&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;127,692,325&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;54,879,527&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;182,571,852&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Revenue - Intersegment&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;29,424,883&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(29,424,883&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total Revenue&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;157,117,208&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;54,879,527&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(29,424,883&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;182,571,852&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Total Cost of revenue&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;119,703,550&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;47,861,811&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(28,256,850&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;139,308,511&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Gross Profit&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;37,413,658&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;7,017,716&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(1,168,033&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: left; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;43,263,341&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
  <us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock id="Tag627" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following customers accounted for &lt;font&gt;10&lt;/font&gt;% or more of revenues:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%; margin-left: 1in;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 52%; background-color: #cceeff;"&gt;Customer I&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 13%; background-color: #cceeff;"&gt;&lt;font&gt;21,749,284&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right; width: 13%; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 13%; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Customer J&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;19,644,488&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;23,882,302&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Customer C&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&lt;font&gt;18,210,196&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Customer K&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;13,471,873&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div align="left"&gt;
&lt;div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;"&gt;&amp;#160;&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td style="width: 2%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 97%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;
&lt;div&gt;Represents less than 10%&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock>
  <us-gaap:Revenues id="Tag628" contextRef="C623917" unitRef="USD" decimals="0">19644488</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag629" contextRef="C623918" unitRef="USD" decimals="0">23882302</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag630" contextRef="C623921" unitRef="USD" decimals="0">18210196</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag631" contextRef="C623923" unitRef="USD" decimals="0">13471873</us-gaap:Revenues>
  <us-gaap:Revenues id="Tag632" contextRef="C66" unitRef="USD" xsi:nil="true" />
  <us-gaap:Revenues id="Tag633" contextRef="C78" unitRef="USD" xsi:nil="true" />
  <us-gaap:Revenues id="Tag634" contextRef="C623916" unitRef="USD" xsi:nil="true" />
  <us-gaap:Revenues id="Tag635" contextRef="C623919" unitRef="USD" xsi:nil="true" />
  <us-gaap:SubsequentEventsTextBlock id="Tag636" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;&lt;font&gt;20&lt;/font&gt;. SUBSEQUENT EVENTS&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;1) On January 12, 2015, the Company granted options to acquire &lt;font&gt;600,000&lt;/font&gt; ordinary shares to independent directors pursuant to the 2014 Option Plan.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;2) On January 12, 2015, the Company granted options to acquire &lt;font&gt;6,534,375&lt;/font&gt; ordinary shares to directors, executive officers and employees pursuant to the 2014 Option Plan.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;3) On January 12, 2015, the Company modified the exercise price for a total number of &lt;font&gt;6,274,166&lt;/font&gt; options granted on January 28, 2014 from $&lt;font&gt;1.49&lt;/font&gt; per share to $&lt;font&gt;0.87&lt;/font&gt; per share.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;4) In February 2015, the Company issued and sold &lt;font&gt;1,540,000&lt;/font&gt; America depositary shares ("ADSs"), representing &lt;font&gt;38,500,000&lt;/font&gt; ordinary shares, through a follow-on public offering. The proceeds, net of issuance cost of $&lt;font&gt;2.1&lt;/font&gt; million, were $&lt;font&gt;28.0&lt;/font&gt; million. The Company will use the net proceeds from this offering for general corporate purposes, including studying the feasibility of further expansion of its business, and working capital.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;5) In January 2015, Chongqing Daqo Tailai, a related party, entered into an one-year credit facility agreement with Pingan Bank in the amount of $&lt;font&gt;32.2&lt;/font&gt; million (RMB&lt;font&gt;200&lt;/font&gt; million), of which $&lt;font&gt;6.5&lt;/font&gt; million (RMB&lt;font&gt;40&lt;/font&gt; million) is guaranteed by the Company.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:SubsequentEventsTextBlock>
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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL STATEMENT SCHEDULE I&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;DAQO NEW ENERGY CORP.&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL INFORMATION OF PARENT COMPANY&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;BALANCE SHEET&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;DECEMBER 31, 2013 AND 2014&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;(In U.S. dollars, except share data)&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
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&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;ASSETS&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;CURRENT ASSETS&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; width: 74%; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Cash and cash equivalents&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;5,187,046&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;4,493,150&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Prepaid expenses and other current assets&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;177,487&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;204,682&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Amount due from related party&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;5,110,085&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;5,110,085&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total current assets&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;10,474,618&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;9,807,917&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Investments in subsidiaries, net&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;127,203,565&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;197,571,399&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;TOTAL ASSETS&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;137,678,183&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;207,379,316&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 2pt; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 2pt; text-align: left; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 2pt; text-align: left; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 2pt; text-align: left; padding: 0px 5px; vertical-align: top; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;LIABILITIES AND SHAREHOLDERS' EQUITY&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;CURRENT LIABILITIES&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Accrued expenses and other current liabilities&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;351,622&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 12pt;"&gt;324,720&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160; &amp;#160; &amp;#160;Amount due to related party&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-top-style: none; border-right-style: none; border-left-style: none; border-top-color: #000000; border-right-color: #000000; border-left-color: #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"&gt;&lt;font style="font-size: 12pt;"&gt;&lt;font&gt;286,526&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total current liabilities&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;351,622&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;611,246&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;EQUITY&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Ordinary shares ($&lt;font&gt;0.0001&lt;/font&gt; per value &lt;font&gt;500,000,000&lt;/font&gt; shares authorized as of December 31, 2013 and 2014; &lt;font&gt;175,714,103&lt;/font&gt; and &lt;font&gt;240,714,103&lt;/font&gt; shares issued as of December 31, 2013 and 2014, respectively and &lt;font&gt;173,427,853&lt;/font&gt; and &lt;font&gt;223,577,853&lt;/font&gt; shares outstanding as of December 31, 2013 and 2014, respectively)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;17,343&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;22,358&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Additional paid in capital&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;146,676,163&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: left; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;203,125,494&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Retained accumulated losses&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(32,667,469&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; text-align: left;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(16,018,293&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Accumulated other comprehensive income&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;23,699,196&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;20,037,183&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Treasury stock&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(398,672&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(398,672&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Total shareholders' equity&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;137,326,561&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;206,768,070&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;TOTAL LIABILITIES AND EQUITY&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;137,678,183&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;207,379,316&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL STATEMENT SCHEDULE I&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;DAQO NEW ENERGY CORP.&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL INFORMATION OF PARENT COMPANY&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FOR THE YEARS ENDED DECEMBER 31, 2012, 2013 AND 2014&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;(In U.S. dollars)&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;OPERATING EXPENSES&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; width: 61%; padding-top: 0px; padding-left: 20px;"&gt;General and administrative&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(3,528,728&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(2,979,454&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(2,738,085&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Research and development&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(175,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(76,646&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(12,310&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; vertical-align: top; text-align: left; padding-top: 0px; padding-left: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Total operating expenses&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(3,703,970&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(3,056,100&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(2,750,395&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;LOSS FROM OPERATION&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(3,703,970&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(3,056,100&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(2,750,395&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Interest income&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;3,074&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;3,130&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;8,144&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;NET LOSS BEFORE SHARE OF RESULTS OF SUBSIDIARIES&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(3,700,896&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(3,052,970&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(2,742,251&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;
&lt;p style="font-family: 'times new roman'; margin-right: 0; margin-top: 0pt; margin-bottom: 0pt;"&gt;Equity in (losses) earnings of subsidiaries&lt;/p&gt;
&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(108,228,045&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(67,890,514&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;19,391,427&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Net (loss) income attributable to Daqo New Energy Corporation ordinary shareholders&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(111,928,941&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(70,943,484&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;16,649,176&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Other comprehensive (loss) income:&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Foreign currency translation adjustments&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;2,206,182&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,148,190&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(3,662,013&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total other comprehensive income&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,206,182&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;4,148,190&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(3,662,013&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Comprehensive (loss) income&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(109,722,759&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(66,795,294&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;12,987,163&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL STATEMENT SCHEDULE I&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;DAQO NEW ENERGY CORP.&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL INFORMATION OF PARENT COMPANY&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;STATEMENT OF CHANGES IN EQUITY&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FOR YEARS ENDED DECEMBER 31, 2012, 2013 AND 2014&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;(In U.S. dollars, except share data)&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;&lt;font style="font-size: 8pt;"&gt;Ordinary shares&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;&lt;font style="font-size: 8pt;"&gt;Treasury Stock&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;&lt;font style="font-size: 8pt;"&gt;Additional&lt;br/&gt; paid in capital&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;&lt;font style="font-size: 8pt;"&gt;Retained&lt;br/&gt; earning&amp;#160;(accumulated&lt;br/&gt; losses)&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;&lt;font style="font-size: 8pt;"&gt;Accumulated&lt;br/&gt; other&lt;br/&gt; comprehensive&lt;br/&gt; income&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;&lt;font style="font-size: 8pt;"&gt;Total&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;Number&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'Times New Roman'; width: 23%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;Balance at January&amp;#160;1, 2012&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;175,714,103&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;17,571&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;142,511,581&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;150,204,956&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;18,444,123&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;311,178,231&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;Net loss&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;(111,928,941&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;(111,928,941&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;Other comprehensive income&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;2,206,182&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;2,206,182&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;Share-based compensation&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#151;&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;Net loss&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;(70,943,484&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;(70,943,484&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;Other comprehensive income&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;4,148,190&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;4,148,190&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;Share-based compensation&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;1,881,401&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;1,881,401&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;Option Exercised&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;550,420&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;55&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;96,256&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;38,860&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;135,171&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;Deconsolidation of VIE&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;Balance at December&amp;#160;31, 2013&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;173,427,853&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;17,343&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;(398,672&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;146,676,163&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;23,699,196&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;137,326,561&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
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&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;Net income&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;16,649,176&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;16,649,176&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;Other comprehensive income&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
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&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
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&lt;tr&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;Follow-on equity offering&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font&gt;50,000,000&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font&gt;5,000&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font&gt;54,619,447&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;font&gt;54,624,447&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;Balance at December&amp;#160;31, 2014&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;223,577,853&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;22,358&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;(398,672&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 13.3333330154419px;"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;203,125,494&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;(16,018,293&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;20,037,183&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font style="font-size: 10pt;"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"&gt;&lt;font&gt;&lt;font style="font-size: 10pt;"&gt;206,768,070&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"&gt;&lt;font style="font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL STATEMENT SCHEDULE I&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;DAQO NEW ENERGY CORP.&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL INFORMATION OF PARENT COMPANY&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;STATEMENT OF CASH FLOWS&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FOR THE YEARS ENDED DECEMBER 31, 2012, 2013 AND 2014&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;(In U.S. dollars)&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td nowrap="nowrap" style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;OPERATING ACTIVITIES&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; width: 61%; padding-top: 0px; padding-left: 20px;"&gt;Net (loss) income&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(111,928,941&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; width: 1%;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;(70,943,484&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"&gt;&lt;font&gt;16,649,176&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Share of results of subsidiaries&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;108,228,045&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;67,890,514&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(19,391,427&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Share-based compensation&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;2,249,834&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,881,401&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,792,819&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Adjustments to reconcile net income to net cash used in operating activities:&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 40px;"&gt;Prepaid expenses and other current assets&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(31,207&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;344,717&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(27,195&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 40px; background-color: #cceeff;"&gt;Changes in other current liabilities&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;214,231&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;137,390&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(26,901&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 40px;"&gt;Amount due from related party&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(210,523&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;286,526&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Net cash used in operating activities&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(1,478,561&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(689,462&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(717,002&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;INVESTING ACTIVITIES&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Capital contributed to subsidiaries&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(4,811,175&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(54,638,421&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Cash collected from subsidiaries when liquidation&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,390,250&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;71,503&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Disposition of Nanjing Daqo&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;4,778,657&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Cash used in investing activities&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,357,732&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;71,503&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(54,638,421&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;FINANCING ACTIVITIES&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Repurchase of ordinary shares&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(500,724&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; width: 20px; background-color: #cceeff;"&gt;Proceeds from follow-on equity offering&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;58,000,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px;"&gt;Issuance cost of ordinary shares&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(3,375,553&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; width: 20px; background-color: #cceeff;"&gt;Proceeds from options exercised&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;135,171&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;37,080&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Cash provided by financing activities&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(500,724&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;135,171&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;54,661,527&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;NET INCREASE IN CASH AND CASH EQUIVALENTS&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,378,447&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(482,788&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(693,896&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;3,291,387&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,669,834&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,187,046&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;CASH AND CASH EQUIVALENTS AT END OF PERIOD&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;5,669,834&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;5,187,046&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;4,493,150&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Supplemental disclosure of cash flow information:&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Disposition of Nanjing Daqo:&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Total consideration&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;9,888,742&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;"&gt;Less: amount due from Daqo Group&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(5,110,085&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;"&gt;Total cash consideration received&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;4,778,657&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;FINANCIAL STATEMENT SCHEDULE I&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;DAQO NEW ENERGY CORP.&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"&gt;&lt;strong&gt;Notes to Schedule I&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%;"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td width="0px" style="border: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td width="38px" style="border: none; font-family: 'Times New Roman';"&gt;1.&lt;/td&gt;
&lt;td style="text-align: justify; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;Schedule I has been provided pursuant to the requirements of Rule 12-04(a) and 5-04(c) of Regulation S-X, which require condensed financial information as to the financial position, changes in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated subsidiaries exceed &lt;font&gt;25&lt;/font&gt; percent of consolidated net assets as of the end of the most recently completed fiscal year.&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2px; text-align: justify; text-indent: -0.4in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%;"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td width="0px" style="border: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td width="38px" style="border: none; font-family: 'Times New Roman';"&gt;2.&lt;/td&gt;
&lt;td style="text-align: justify; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;The condensed financial information of Daqo New Energy Corp has been prepared using the same accounting policies as set out in the accompanying consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries.&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2px; text-align: justify; text-indent: -0.4in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
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&lt;td style="text-align: justify; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the Consolidated Financial Statements of the Company.&lt;/td&gt;
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&lt;td style="text-align: justify; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;As of December&amp;#160;31, 2014, there were no material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of redeemable stocks or guarantees of the Company, except for those which have been separately disclosed in the Consolidated Financial Statement, if any.&lt;/td&gt;
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  <us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock id="Tag1182" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;&lt;font&gt;1&lt;/font&gt;. ORGANIZATION AND PRINCIPAL ACTIVITIES&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;The consolidated financial statements include the financial statements of Daqo New Energy Corp. (the &amp;#147;Company&amp;#148;), its wholly owned subsidiaries, Chongqing Daqo New Energy Co., Ltd. (&amp;#147;Chongqing Daqo&amp;#148;), Nanjing Daqo New Energy Co., Ltd. (&amp;#147;Nanjing Daqo&amp;#148;) (which was disposed to Daqo Group Co., Ltd. ("Daqo Group") on September 28, 2012), Xinjiang Daqo New Energy Co., Ltd (&amp;#147;Xinjiang Daqo&amp;#148;), Daqo Solar Energy North America (&amp;#147;Daqo America&amp;#148;) (which was liquidated in 2013) and Daqo New Energy Holdings (Canada) Ltd.(&amp;#147;Daqo Canada&amp;#148;) (which was liquidated in 2013) and its consolidated variable interest entity (&amp;#147;VIE&amp;#148;) Daqo New Material Co., Ltd. (&amp;#147;Daqo New Material&amp;#148;) (which was deconsolidated on December 31, 2013) (collectively, the &amp;#147;Group&amp;#148;).&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;The Company was incorporated on November&amp;#160;22, 2007 in the Cayman Islands. Chongqing Daqo, Nanjing Daqo and Xinjiang Daqo were incorporated by the Company on January&amp;#160;14, 2008, December&amp;#160;20, 2007 and February&amp;#160;22, 2011, respectively, in the Peoples' Republic of China (&amp;#147;PRC&amp;#148;). Daqo America was incorporated by the Company in January 2009, in California, USA. Daqo Canada was incorporated by the Company in April 2011, in Hamilton, Ontario, Canada.&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;Daqo New Material and the Company were under common control by Daqo New Material's ultimate shareholders prior to November 11, 2009. Daqo New Material was established by Daqo Group, an affiliate of the Company on November&amp;#160;16, 2006, for the primary purpose of developing a photovoltaic business. Daqo New Material's activities included acquiring land use rights and constructing certain polysilicon production infrastructure, including buildings and production machinery and equipment. Chongqing Daqo acquired additional machinery and equipment that are used in connection with Daqo New Material's land and production infrastructure.&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;Subsequent to its establishment, Chongqing Daqo entered into a lease agreement with Daqo New Material to rent all of Daqo New Material's land, production infrastructure and machinery and equipment for the Group's polysilicon production. The lease period is from July&amp;#160;1, 2008 to December&amp;#160;31, 2013, with monthly lease payments that have been renegotiated periodically and are eliminated in consolidation. The lease agreement also provided that if Daqo New Material transferred the ownership of the leased assets to any third party, the lease agreement would remain effective and enforceable against the new owner. One month before the expiry of the lease period, Chongqing Daqo had the option to renew the lease on the same terms and conditions for an additional five-year periods. Furthermore, Chongqing Daqo has the option to purchase, or to designate any person to purchase, the leased assets at the then fair value at any time during the lease period or within one year following the lease period, if permitted by the PRC laws and regulations. If Daqo New Material desires to transfer the ownership of the leased assets to a third party, Chongqing Daqo has the right of first refusal to acquire the leased assets under the same conditions. If the leased assets are transferred to a third party, the lease agreement will remain effective and enforceable against the new owner.&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;Because the aggregate value of the monthly rental payments that Chongqing Daqo is contractually obligated to make to Daqo New Material represents the majority of the value of Daqo New Material's assets, Chongqing Daqo has the majority of investment risk in Daqo New Material. Further, the Group has concluded that the arrangement results in Chongqing Daqo providing an implicit guarantee to protect Daqo Group from absorbing losses incurred by Daqo New Material, thus Daqo New Material is considered to be a variable interest entity of Chongqing Daqo. Furthermore, the operating activities of Daqo New Material are most closely associated with Chongqing Daqo and the management of Chongqing Daqo also acts as the management of Daqo New Material. Based on these factors, Chongqing Daqo has the power to control Daqo New Material and is considered the primary beneficiary of Daqo New Material. The assets and liabilities of Daqo New Material are consolidated at historical cost given they were held by entities under common control at the time of the lease agreement. Daqo Group's total equity interests in Daqo New Material are presented as a noncontrolling interest.&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;On December 31, 2013, Chongqing Daqo and Daqo New Material terminated the lease agreement. As a result, the Company deconsolidated Daqo New Material on December 31, 2013. .&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;In the periods presented, the Group manufactured and sold polysilicon and wafers through Chongqing Daqo and Xinjiang Daqo, and sold modules through Nanjing Daqo before September 28, 2012 when Nanjing Daqo was sold to the Daqo Group.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
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  <us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock id="Tag1225" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following customers accounted for 10% or more of accounts receivable:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Accounts&lt;br/&gt; receivable&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;br/&gt; &lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;br/&gt; &lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer A&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;3,673,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer B&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;1,225,831&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; white-space: nowrap;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer C&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1,507,576&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,213,393&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer D&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;1,578,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer E&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;1,330,145&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font&gt;&lt;font style="font-size: 13.3333330154419px;"&gt;Customer F&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;1,071,415&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div style="margin-top: 3pt; margin-bottom: 1pt;" align="left"&gt;
&lt;div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;"&gt;&amp;#160;&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td style="width: 2%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 97%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;
&lt;div&gt;Represents less than 10%&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock>
  <dq:ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock id="Tag1226" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Property, plant and equipment are recorded at cost less accumulated depreciation. Depreciation is recognized on a straight-line basis over the following estimated useful lives:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font: 10pt times new roman, times, serif; width: 85%; border-collapse: collapse; margin-left: 58px;" width="100%"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: top; width: 82%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Buildings and plant&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; width: 18%; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;30&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;15&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Furniture, fixtures and equipment&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;3&lt;/font&gt;-&lt;font&gt;5&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Motor vehicles&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;6&lt;/font&gt; years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</dq:ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock>
  <us-gaap:AccountsReceivableNetCurrent id="Tag1227" contextRef="C110" unitRef="USD" decimals="0">1578947</us-gaap:AccountsReceivableNetCurrent>
  <us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock id="Tag1228" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 61%; background-color: #cceeff;"&gt;Selling, general and administrative expenses&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;2,018,817&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;1,743,768&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;1,544,078&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Research and development expenses&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;175,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;60,987&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;12,310&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Cost of sales&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;55,775&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;76,646&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;236,431&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;2,249,834&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;1,881,401&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;1,792,819&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock>
  <us-gaap:BasisOfAccountingPolicyPolicyTextBlock id="Tag1229" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(a) Basis of presentation&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The consolidated financial statements of the Group have been prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP").&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;The accompanying consolidated financial statements have been prepared assuming that the Group will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The realization of assets and the satisfaction of liabilities in the normal course of business are dependent on, among other things, the Group's ability to generate cash flows from operations, and the Group's ability to arrange adequate financing arrangements, including the renewal or rollover of its bank borrowings, to support its working capital requirements.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;As of December 31, 2014, the Group's current liabilities exceed its current assets by $&lt;font&gt;274,118,480&lt;/font&gt;. While the Group&amp;#160;had cash and cash equivalents of $ &lt;font&gt;7,068,483&lt;/font&gt;, and short-term bank borrowings of $ &lt;font&gt;90,443,007&lt;/font&gt; will be due within one year. The current portion of long-term bank borrowings amounting to $ &lt;font&gt;69,360,869&lt;/font&gt; is restricted to purchase fixed assets and required to be paid off upon due dates. Additionally, the Group&amp;#160;has capital commitment of $&lt;font&gt;20.4&lt;/font&gt;&amp;#160;million to be fulfilled in the next twelve months.&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;However, the Group&amp;#160;regards the going concern assumption as appropriate considering the following plans and actions:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;ol&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;March 6, 2015, the Group obtained a letter of financial support from Daqo Group which has committed to provide sufficient financial support to the Group to ensure the Group has the funds required to satisfy its obligations as they come due in the normal course during the twelve months ending December 31, 2015. Further, the support letter provides that Daqo Group will not require the Group to pay the amount owed to the Daqo Group and subsidiaries of Daqo Group, Daqo Solar, Daqo New Material and Xinjiang Daqo Investment&lt;/font&gt;.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;In February 2015, the Group&amp;#160;has obtained approximately $&lt;font&gt;28.0&lt;/font&gt; million through follow-on equity offering.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;For the first time since 2012, the Group&amp;#160;generated net income and positive cash flow from operations in 2014 amounting to&amp;#160;$&lt;font&gt;16.7&lt;/font&gt; million and $&lt;font&gt;45.6&lt;/font&gt;&amp;#160;million, respectively.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;has or is in the process of taking a number of cost reduction initiatives, including the new hydrochlorination system, technology improvement and polysilicon capacity expansion in Xinjiang.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;has performed a review of its cash flow forecasts for the twelve month period ending December 31, 2015, and believes that its operating cash flow will be positive during the twelve month period ending December 31, 2015.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;As of March 31, 2015, the Company successfully rolled over, renewed or replaced with new loans by existing creditors totaling $&lt;font&gt;30.6&lt;/font&gt; million. While there can be no assurance, management believes they will be able to roll over or renew substantially all of the $&lt;font&gt;90.4&lt;/font&gt; million of short term loans outstanding as of December 31, 2014&lt;/font&gt;.&lt;br/&gt;&lt;br/&gt;Based on the above factors, management believes that adequate sources of liquidity will exist to fund the Group's working capital and capital expenditures requirements, and to meet its short term debt obligations, other liabilities and commitments as they become due.&lt;/li&gt;
&lt;/ol&gt;
&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
  <us-gaap:ConsolidationPolicyTextBlock id="Tag1230" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(b) Basis of consolidations&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The consolidated financial statements include the financial statements of the Group. All intercompany transactions and balances have been eliminated on consolidation.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ConsolidationPolicyTextBlock>
  <us-gaap:CashAndCashEquivalentsPolicyTextBlock id="Tag1231" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(e) Cash and cash equivalents&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Cash and cash equivalents consist of cash on hand and demand deposits, which are unrestricted as to withdrawal and use, and which have maturities of three months or less when purchased.&lt;/p&gt;
&lt;/div&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
  <us-gaap:AccountsReceivableNetCurrent id="Tag1232" contextRef="C621842" unitRef="USD" xsi:nil="true" />
  <us-gaap:AccountsReceivableNetCurrent id="Tag1233" contextRef="C621843" unitRef="USD" decimals="0">1330145</us-gaap:AccountsReceivableNetCurrent>
  <us-gaap:UseOfEstimates id="Tag1234" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(c) Use of estimates&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;&lt;font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;"&gt;The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Management has made significant estimates in a variety of areas, including but not limited to allowance for doubtful accounts, inventories valuation, useful lives and residual values of long-lived assets, impairment for long lived assets, consolidation of Daqo New Material, valuation allowances for deferred tax assets, interest capitalization, warranty accrual and certain assumptions used in the computation of share-based compensation and related forfeiture rates.&lt;/font&gt; &lt;font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;"&gt;The Group revised the estimates of expected useful lives of property, plant and equipment on January 1, 2014, and please refers to Note 2 (i) for details.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:UseOfEstimates>
  <us-gaap:ConcentrationRiskCreditRisk id="Tag1235" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(d) Concentration of credit risk&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable and notes receivable.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group places its cash and cash equivalents in various financial institutions in the PRC. The Group believes that no significant credit risk exists as these banks are principally government-owned financial institutions with high credit ratings.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Accounts receivable represent those receivables derived in the ordinary course of business. The Group conducts credit evaluations of customers to whom credit terms are extended. The Group establishes an allowance for doubtful accounts mainly based on aging of the receivables and other factors surrounding the credit risk of specific customers. The allowance for doubtful accounts is $&lt;font&gt;7,160,782&lt;/font&gt; and $&lt;font&gt;3,189,110&lt;/font&gt; as of December 31, 2013 and 2014, respectively, based on the aging of the receivables and the Group's assessment of the customers' credit risk.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following customers accounted for 10% or more of accounts receivable:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Accounts&lt;br/&gt; receivable&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;br/&gt; &lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;br/&gt; &lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer A&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;3,673,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer B&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;1,225,831&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; white-space: nowrap;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer C&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1,507,576&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,213,393&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer D&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;1,578,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer E&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;1,330,145&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font&gt;&lt;font style="font-size: 13.3333330154419px;"&gt;Customer F&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;1,071,415&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div style="margin-top: 3pt; margin-bottom: 1pt;" align="left"&gt;
&lt;div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;"&gt;&amp;#160;&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td style="width: 2%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 97%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;
&lt;div&gt;Represents less than 10%&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;From time to time, certain accounts receivable balances are settled in the form of notes receivable. As of December 31, 2013 and 2014, notes receivable represents bank acceptance drafts that are non-interest bearing and due within 6 months.&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;&amp;#160;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Total sales of polysilicon to the Group's largest customers whose sales constitute over 10% of revenue accounted for approximately &lt;font&gt;25&lt;/font&gt;%, &lt;font&gt;30&lt;/font&gt;% and &lt;font&gt;23&lt;/font&gt;% of revenues for the years ended December 31, 2012, 2013 and 2014, respectively. The Group is substantially dependent upon the continued participation of these customers in order to maintain its total revenues. Significantly reducing the Group's dependence on these customers is likely to take time and there can be no guarantee that the Group will succeed in reducing that dependence.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Furthermore, &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;all of the Group's long-term bank borrowings are guaranteed by Daqo Group, our related party, who has also committed to provide financial support to meet the Group's short term bank borrowings obligations, other liabilities and commitments as they become due (see Note 2(a)). The Group's access to credit is significantly reliant on Daqo Group's ability and willingness to continue to provide sufficient financial support&lt;/font&gt;.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ConcentrationRiskCreditRisk>
  <us-gaap:AccountsReceivableNetCurrent id="Tag1236" contextRef="C119" unitRef="USD" xsi:nil="true" />
  <us-gaap:AccountsReceivableNetCurrent id="Tag1237" contextRef="C130" unitRef="USD" decimals="0">1071415</us-gaap:AccountsReceivableNetCurrent>
  <us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy id="Tag1238" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(f) Restricted cash&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Restricted cash amounted to $&lt;font&gt;8,826,110&lt;/font&gt; and $&lt;font&gt;22,169,236&lt;/font&gt; as of December 31, 2013 and 2014, respectively, and are deposited in bank accounts as deposits for short-term letters of credit and notes issued by several banks for purchases of raw materials, plant and equipment. These deposits carry fixed interest rates and will be released when the related letters of credit or notes are settled by the Group. The Group considers the restricted cash balances as equivalent to an investment whose return of principal requires the satisfaction of conditions (i.e., settlement of letters of credit or notes) rather than a withdrawal demand. Therefore, deposits and withdrawals of principal balances in restricted cash accounts represent the creation or return of investment and, accordingly, the Group has presented such deposits and withdrawals as investing activities in the consolidated statements of cash flows.&lt;/p&gt;
&lt;/div&gt;</us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy>
  <us-gaap:ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy id="Tag1239" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(g) Allowance for Doubtful Accounts&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group determines its allowance for doubtful accounts by actively monitoring the financial condition of its customers to determine the potential for any nonpayment of trade receivables. In determining its allowance for doubtful accounts, the Group also considers other economic factors, such as aging trends. The Group believes that its process of specific review of customers combined with overall analytical review provides an effective evaluation of ultimate collectability of trade receivables.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy>
  <us-gaap:InventoryPolicyTextBlock id="Tag1240" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(h) Inventories&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Inventories are stated at lower of cost or market. Costs are determined using weighted average costs. Costs comprise direct materials, direct labor and overhead costs incurred in bringing the inventories to their present location and condition. The Group writes down the cost of excess inventories to the estimated market value based on historical and forecasted demand. Estimated market value is measured as the estimated selling price of each class of inventory in the ordinary course of business less estimated costs of completion and disposal. The charges to inventory for the years ended December 31, 2012, 2013 and 2014 were $&lt;font&gt;14,821,620&lt;/font&gt;, $ &lt;font&gt;29,905,734&lt;/font&gt; and $&lt;font&gt;175,568&lt;/font&gt;, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group has outsourced portions of its manufacturing process, including cutting ingots into wafers, and converting wafers into solar cells, to various third-party manufacturers. These outsourcing arrangements may or may not include transfer of title of the raw material inventory (ingots, wafers or cells) to the third-party manufacturers.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;For those outsourcing arrangements in which title does not transfer, the Group maintains the inventory in the balance sheet as raw materials inventory while it is in physical possession of the third-party manufacturers. Upon receipt of the processed inventory from the third-party manufacturers, it is reclassified to work-in-progress inventory with the processing fee capitalized as cost of inventory.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;For those outsourcing arrangements in which title (including risk of loss) does transfer to the third-party manufacturer, the Group is contractually obligated to repurchase the processed inventory. To accomplish this, it enters into raw material sales agreements and processed inventory purchase agreements simultaneously with the third-party manufacturer. In such instances, where they are, in substance tolling arrangements, the Group retains the inventory in the consolidated balance sheets while it is in the physical possession of the third-party manufacturer. The cash received from the third-party manufacturer is recorded as a current liability on the balance sheet rather than revenue or deferred revenue. Upon receipt of the processed inventory, it is reclassified from raw materials to work-in-progress inventory and the processing fee paid to the third-party manufacturer is added to inventory cost. Cash payments for outsourcing arrangements which require prepayment for repurchase of the processed inventory are classified as current assets on the balance sheet. If there is &lt;font&gt;no&lt;/font&gt; legal right of offset established by these arrangements, the associated assets and liabilities are presented separately on the balance sheet until the processed inventory is returned to the Group.&lt;/p&gt;
&lt;/div&gt;</us-gaap:InventoryPolicyTextBlock>
  <us-gaap:PropertyPlantAndEquipmentPolicyTextBlock id="Tag1241" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(i) Property, plant and equipment&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Property, plant and equipment are recorded at cost less accumulated depreciation. Depreciation is recognized on a straight-line basis over the following estimated useful lives:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font: 10pt times new roman, times, serif; width: 85%; border-collapse: collapse; margin-left: 58px;" width="100%"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: top; width: 82%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Buildings and plant&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; width: 18%; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;30&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;15&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Furniture, fixtures and equipment&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;3&lt;/font&gt;-&lt;font&gt;5&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Motor vehicles&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;6&lt;/font&gt; years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;reassesses the reasonableness of the estimates of useful lives and residual values of long-lived assets when events or changes in circumstances indicate that the useful lives and residual values of a major asset or a major category of assets may not be reasonable. Factors that the Group&amp;#160;considers in deciding when to perform an analysis of useful lives and residual values of long-lived assets include, but are not limited to, significant variance of a business or product line in relation to expectations, significant deviation from industry or economic trends, and significant changes or planned changes in the use of the assets. The analysis will be performed at the asset or asset category with the reference to the assets' conditions, current technologies, market, and future plan of usage and the useful lives of major competitors.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;In &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 33.7333335876465px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;2013, the Group decided to relocate a majority of Chongqing's polysilicon assets to Xinjiang. As part of the decision to make significant investment to relocate the assets, the Group revisited the expectation as to the useful lives of these assets. Based on this review, the Group determined that the condition of its major assets, having now been in operations for a meaningful percentage of the original estimated lives, were in better condition, than the original useful life expectation had predicted, accordingly, the Group engaged an independent valuation firm to assist in reassessing the remaining economic useful life of the polysilicon assets in both Chongqing and Xinjiang. The analysis was completed in the first quarter of 2014&lt;/font&gt;.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Therefore, the Group&amp;#160;revised the estimates of expected useful lives of long-lived assets from January 1, 2014. The useful lives of machinery and equipment were expended from &lt;font&gt;10&lt;/font&gt; years to &lt;font&gt;15&lt;/font&gt; years, while buildings and structures were expended from &lt;font&gt;20&lt;/font&gt; years to &lt;font&gt;30&lt;/font&gt; years. No changes were made to furniture, fixtures and equipment, or motor vehicles. During the year ended December 31, 2014, the change in useful lives reduced depreciation expense of approximately $&lt;font&gt;18.7&lt;/font&gt; million, a majority of which was recorded in "Total cost of revenues", accordingly the impact on net income and basic net income per share is $&lt;font&gt;18.7&lt;/font&gt; million and $&lt;font&gt;0.09&lt;/font&gt; per ordinary share respectively.&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Costs incurred on construction are capitalized and transferred to property, plant and equipment upon completion, at which time depreciation commences.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Interest expense incurred for construction of property, plant, and equipment is capitalized as part of the cost of such assets. The Group&amp;#160;capitalizes interest to the extent that expenditures to construct an asset have occurred and interest costs have been incurred. Interest expense capitalized for the years ended December 31, 2012, 2013 and 2014 was $&lt;font&gt;7,245,747&lt;/font&gt;, $&lt;font&gt;nil&lt;/font&gt; and $&lt;font&gt;1,960,259&lt;/font&gt;&amp;#160;respectively.&lt;/p&gt;
&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
  <dq:PrepaidLandUseRightsPolicyTextBlock id="Tag1242" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(j) Prepaid land use rights&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;All land in the PRC is owned by the PRC government. The PRC government, according to PRC law, may sell the land use rights for a specified period of time. The Group's land use rights in the PRC are stated at cost less recognized lease expenses. Lease expense is recognized over the term of the agreement on a straight-line basis. The Group recorded lease expenses of $&lt;font&gt;958,558&lt;/font&gt;, $&lt;font&gt;781,706&lt;/font&gt; and $&lt;font&gt;628,052&lt;/font&gt;, for the years ended December 31, 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;/div&gt;</dq:PrepaidLandUseRightsPolicyTextBlock>
  <us-gaap:CostOfSalesPolicyTextBlock id="Tag1243" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(m) Cost of revenues&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Cost of revenues consists of production related costs including costs of silicon raw materials, electricity and other utilities, consumables, direct labor, overhead costs, depreciation of property, plant and equipment, and manufacturing waste treatment processing fees.&lt;/p&gt;
&lt;/div&gt;</us-gaap:CostOfSalesPolicyTextBlock>
  <us-gaap:ShippingAndHandlingCostPolicyTextBlock id="Tag1244" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(n) Shipping and handling&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Costs to ship products to customers are recorded as selling expenses in the consolidated statements of operations. Costs to ship products to customers were $&lt;font&gt;1,033,808&lt;/font&gt;, $&lt;font&gt;1,901,384&lt;/font&gt; and $&lt;font&gt;2,054,786&lt;/font&gt;, respectively for the years ended December 31, 2012, 2013 and 2014.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ShippingAndHandlingCostPolicyTextBlock>
  <us-gaap:ShortTermDebtRefinancedAmount id="Tag1245" contextRef="C353" unitRef="USD" decimals="-5">30600000</us-gaap:ShortTermDebtRefinancedAmount>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag1246" contextRef="C17" unitRef="Pure" decimals="2">1.00</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock id="Tag1247" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(k) Impairment of long-lived assets&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Factors that the Group considers in deciding when to perform an impairment review include, but are not limited to significant under-performance of a business or product line in relation to expectations, significant negative industry or economic trends, and significant changes or planed changes in the use of the assets. An impairment analysis is performed at the lowest level of identifiable independent cash flows for an asset or asset group. The Group makes subjective judgments in determining the independent cash flows that can be related to a specific asset group based on the asset usage model and manufacturing capabilities. The Group measures the recoverability of assets that will continue to be used in the operations by comparing the carrying value of the asset group to the estimate of the related total future undiscounted cash flows. If an asset group's carrying value is not recoverable through the related undiscounted cash flows, the impairment loss is measured by comparing the difference between the asset group's carrying value and its fair value. The Group determines the fair value of an asset or asset group utilizing estimated future discounted cash flows and incorporates assumptions that it believes marketplace participants would utilize.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;During each of the &lt;font&gt;three&lt;/font&gt; year ended December 31, 2012, 2013 and 2014, the impairment changes were $&lt;font&gt;42,754,481&lt;/font&gt;, $&lt;font&gt;158,424,827&lt;/font&gt; and $&lt;font&gt;nil&lt;/font&gt;, respectively.&amp;#160;The impairment loss incurred during the year ended December 31, 2012 was related to the impairment of long-lived assets of the wafer business, and was triggered primarily by the significant decrease in average selling prices for wafers that was experienced in 2012. The impairment loss incurred during the year ended December 31, 2013 was related to the buildings and plant of polysilicon asset group in Chongqing Daqo and Daqo New Material, and was triggered primarily by the significant decrease in average selling prices for polysilicon and the Group's decision of relocating significant machinery and equipment located at Chongqing Daqo to Xinjiang Daqo as a part of its expansion plan.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock>
  <us-gaap:RevenueRecognitionPolicyTextBlock id="Tag1248" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(l) Revenue recognition&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="text-decoration: underline;"&gt;Product sales&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group recognizes revenue when persuasive evidence of an arrangement exists, the sales price is fixed or determinable, delivery of the product has occurred, title and risk of loss have transferred to the customers and collectability of the receivable is reasonably assured. The majority of the sales contracts transfer title and risk of loss to customers upon receipt. Sales agreements for polysilicon and wafers typically do not contain product warranties except for return and replacement of defective products within a period generally ranging from &lt;font&gt;3&lt;/font&gt; to &lt;font&gt;30&lt;/font&gt; days from delivery. Sales agreements typically do not contain post-shipment obligations or other return or credit provisions. The Group may extend credit terms after assessing a number of factors to determine the customers' credit worthiness.&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Customers frequently pay for products prior to the delivery of the products. Advance payments are recorded as advances from customers.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="text-decoration: underline;"&gt;Service revenue&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;Group also provides OEM services to customers, such as the provision of service to process polysilicon into ingots and wafers. The Group recognizes revenue when there is persuasive evidence of an arrangement, the service has been rendered, the sales price is fixed or determinable and collectability is reasonably assured&lt;/font&gt;.&lt;/p&gt;
&lt;/div&gt;</us-gaap:RevenueRecognitionPolicyTextBlock>
  <us-gaap:ResearchAndDevelopmentExpensePolicy id="Tag1249" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(o) Research and development expenses&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Research and development expenses include materials and utilities consumed in research and development activities, payroll and related costs and depreciation of property and equipment associated with the research and development activities, which are expensed when incurred. In the years ended December 31, 2013 and 2014, the Group&amp;#160;incurred additional research and development expenses for its Xinjiang Phase II polysilicon facilities to achieve the targets for quality, capacity and cost during the pilot production period.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ResearchAndDevelopmentExpensePolicy>
  <us-gaap:GovernmentContractorsRevenueRecognitionPolicyPolicyTextBlock id="Tag1250" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(p) Government subsidies&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group receives unrestricted cash subsidies from local government agencies. The government agencies use their discretion to determine the amount of the subsidies with reference to land use right fees, value-added tax and income taxes paid, bank loan interest expenses paid or electricity consumed by the Group, however, these subsidies do not represent tax refunds or reimbursements of expenditures. The subsidies are unrestricted as to use and can be utilized by the Group in any manner it deems appropriate. The Group has utilized, and expects to continue to utilize, these subsidies to fund general operating expenses. The Group records unrestricted cash government subsidies as other operating income in the consolidated statements of operations. Unrestricted cash government subsidies received for the years ended December 31, 2012, 2013 and 2014 were $&lt;font&gt;9,250,296&lt;/font&gt;, $&lt;font&gt;5,249,788&lt;/font&gt; and $&lt;font&gt;926,173&lt;/font&gt;, respectively.&amp;#160;Government grants related to assets are recorded as long term liabilities and are recognized as an offset to depreciation expense on a straight-line basis over the useful life of the associated asset. The Group&amp;#160;received government grants related to assets of $&lt;font&gt;1,383,487&lt;/font&gt;, $&lt;font&gt;1,172,160&lt;/font&gt; and $&lt;font&gt;113,735&lt;/font&gt;&amp;#160;during the years ended December 31, 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;/div&gt;</us-gaap:GovernmentContractorsRevenueRecognitionPolicyPolicyTextBlock>
  <us-gaap:IncomeTaxPolicyTextBlock id="Tag1251" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(q) Income taxes&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amount in the consolidated financial statements, net operating loss carry-forwards and credits by applying enacted tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the statement of operations in the period of the enactment of the change. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on the characteristics of the underlying assets and liabilities, or the expected timing of their use when they do not relate to a specific asset or liability.&lt;/p&gt;
&lt;/div&gt;</us-gaap:IncomeTaxPolicyTextBlock>
  <us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration id="Tag1252" contextRef="C17" unitRef="CNY" decimals="-6">62000000</us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration>
  <us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration id="Tag1253" contextRef="C17" unitRef="USD" decimals="-5">9900000</us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration>
  <us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy id="Tag1254" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(r) Share-based compensation&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group recognizes share-based compensation in the statement of operations based on the fair value of equity awards on the date of the grant, with compensation expense recognized over the period in which the grantee is required to provide service to the Group in exchange for the equity award. The Group has made an estimate of expected forfeiture and is recognizing compensation costs only for those equity awards expected to vest. The share-based compensation expenses have been categorized as either selling, general and administrative expenses, research and development expenses and cost of sales, depending on the job functions of the grantees. &lt;font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"&gt;For the years ended December 31, 2012, 2013 and 2014, the Group recognized share-based compensation expense of $2,249,834, $1,881,401 and $1,792,819, respectively, which was classified as follows:&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 61%; background-color: #cceeff;"&gt;Selling, general and administrative expenses&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;2,018,817&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;1,743,768&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;1,544,078&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Research and development expenses&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;175,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;60,987&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;12,310&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Cost of sales&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;55,775&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;76,646&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;236,431&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;2,249,834&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;1,881,401&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;1,792,819&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
  <us-gaap:EarningsPerSharePolicyTextBlock id="Tag1255" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(s) (Loss) earnings per share&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Basic (loss) earnings per ordinary share are computed by dividing the net (loss) net income attributable to ordinary shares by the weighted average number of ordinary shares outstanding during the year.&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Diluted earnings per share is calculated by dividing net income attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the year. Diluted earnings per share is computed using the treasury stock method. During the years ended December 31, 2012, 2013 and 2014, the ordinary shares issuable upon the exercise of outstanding share options of &lt;font&gt;nil&lt;/font&gt;, &lt;font&gt;nil&lt;/font&gt; and &lt;font&gt;5,003,667&lt;/font&gt;&amp;#160;shares are included in the calculation of dilutive earnings per share.&lt;/p&gt;
&lt;/div&gt;</us-gaap:EarningsPerSharePolicyTextBlock>
  <us-gaap:StockholdersEquityPolicyTextBlock id="Tag1256" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(y) Treasury Stock&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On July 9, 2012, the Company's Board of Directors authorized the Company to repurchase up to $&lt;font&gt;5&lt;/font&gt; million in aggregate value of its outstanding ordinary shares through open market or other legally permissible means prior to December 31, 2012 in accordance with applicable securities laws.. During the year ended December 31, 2012, the Company repurchased &lt;font&gt;2,836,670&lt;/font&gt; shares for a total purchase price of $&lt;font&gt;500,724&lt;/font&gt;. The Company has legal title to the shares, and no other party has the voting rights associated with these shares.&lt;/p&gt;
&lt;/div&gt;</us-gaap:StockholdersEquityPolicyTextBlock>
  <us-gaap:AssetsNet id="Tag1257" contextRef="C18" unitRef="USD" decimals="-5">12000000</us-gaap:AssetsNet>
  <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax id="Tag1258" contextRef="C19" unitRef="USD" decimals="-5">-2100000</us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax>
  <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax id="Tag1259" contextRef="C14" unitRef="USD" decimals="0">-2392228</us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax>
  <us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock id="Tag1260" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(t) Foreign currency translation&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The reporting currency of the Company&amp;#160;is the United States dollar (&amp;#147;U.S. dollar&amp;#148;). The functional currency of the Company is the U.S. dollar. Monetary assets and liabilities denominated in other currencies other than the U.S. dollar are translated into U.S. dollar at the rates of exchange in effect at the balance sheet dates. Transactions dominated in currencies other than the U.S. dollar during the year are converted into U.S. dollar at the applicable rates of exchange prevailing when the transactions occur. Transaction gains and losses are recorded in the statements of operations.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The financial records of the Company's PRC subsidiaries and VIE are maintained in Chinese Renminbi (&amp;#147;RMB&amp;#148;), which is their functional currency. Assets and liabilities are translated at the exchange rates at the balance sheet date. Equity accounts are translated at historical exchange rates. Revenues, expenses, gains and losses are translated at average rate of exchange prevailing during the periods presented. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income in the statement of changes in equity and comprehensive income.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The RMB is not a freely convertible currency. The State Administration for Foreign Exchange of People's Republic of China, under the authority of the People's Bank of China, controls the conversion of RMB into foreign currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China foreign exchange trading system market. The Group's aggregate amount of cash and cash equivalents and restricted cash denominated in RMB amounted to $&lt;font&gt;11,436,370&lt;/font&gt; and $&lt;font&gt;24,356,970&lt;/font&gt;&amp;#160;as of December 31, 2013 and 2014, respectively.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock>
  <us-gaap:ComprehensiveIncomePolicyPolicyTextBlock id="Tag1261" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(u) Comprehensive income&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Our financial statements include the Consolidated Statements of Comprehensive (Loss) Income as required by new accounting guidance, which we retrospectively adopted during 2012. As of December 31, 2013 and 2014, Accumulated Other Comprehensive Income was comprised entirely of foreign currency translation adjustments.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ComprehensiveIncomePolicyPolicyTextBlock>
  <us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax id="Tag1262" contextRef="C14" unitRef="USD" decimals="0">1099299</us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax>
  <us-gaap:DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses id="Tag1263" contextRef="C14" unitRef="USD" decimals="0">1099299</us-gaap:DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses>
  <us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue id="Tag1264" contextRef="C14" unitRef="USD" decimals="0">6454830</us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue>
  <us-gaap:DisposalGroupIncludingDiscontinuedOperationOperatingExpense id="Tag1265" contextRef="C14" unitRef="USD" decimals="0">9946357</us-gaap:DisposalGroupIncludingDiscontinuedOperationOperatingExpense>
  <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax id="Tag1266" contextRef="C14" unitRef="USD" decimals="0">-3491527</us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax>
  <us-gaap:DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod id="Tag1267" contextRef="C14" unitRef="USD" xsi:nil="true" />
  <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax id="Tag1268" contextRef="C14" unitRef="USD" decimals="0">-3491527</us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax>
  <us-gaap:PropertyPlantAndEquipmentFairValueDisclosure id="Tag1269" contextRef="C622548" unitRef="USD" decimals="-5">144700000</us-gaap:PropertyPlantAndEquipmentFairValueDisclosure>
  <us-gaap:SeveranceCosts1 id="Tag1270" contextRef="C5" unitRef="USD" decimals="-5">800000</us-gaap:SeveranceCosts1>
  <us-gaap:FairValueOfFinancialInstrumentsPolicy id="Tag1271" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(v) Fair value of financial instruments&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;estimates fair value of financial assets and liabilities as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as an exit price). The fair value measurement guidance establishes a hierarchy for inputs used in measuring fair value that gives the highest priority to observable inputs and the lowest priority to unobservable inputs. Valuation techniques used to measure fair value shall maximize the use of observable inputs.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;" width="100%"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 3%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Level 1&amp;#151;Valuation techniques in which all significant inputs are unadjusted quoted prices from active markets for assets or liabilities that are identical to the assets or liabilities being measured.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 3%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Level 2&amp;#151;Valuation techniques in which significant inputs include quoted prices from active markets for assets or liabilities that are similar to the assets or liabilities being measured and/or quoted prices for assets or liabilities that are identical or similar to the assets or liabilities being measured from markets that are not active. Also, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets are Level 2 valuation techniques.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 3%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Level 3&amp;#151;Valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are valuation technique inputs that reflect the Group's own assumptions about the assumptions that market participants would use to price an asset or liability.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;When available, the Group measures the fair value of financial instruments based on quoted market prices in active markets, valuation techniques that use observable market-based inputs or unobservable inputs that are corroborated by market data. Pricing information the Group obtains from third parties is internally validated for reasonableness prior to use in the consolidated financial statements. When observable market prices are not readily available, the Group generally estimates fair value using valuation techniques that rely on alternate market data or inputs that are generally less readily observable from objective sources and are estimated based on pertinent information available at the time of the applicable reporting periods. In certain cases, fair values are not subject to precise quantification or verification and may fluctuate as economic and market factors vary and the Group's evaluation of those factors changes. Although the Group uses its best judgment in estimating the fair value of these financial instruments, there are inherent limitations in any estimation technique. In these cases, a minor change in an assumption could result in a significant change in its estimate of fair value, thereby increasing or decreasing the amounts of the Group's consolidated assets, liabilities, shareholders' equity and net income or loss.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group's financial instruments include cash and cash equivalents, restricted cash, accounts receivable, other current assets, amount due from related parties, accounts payable, other current liabilities, payables for purchase of property, plant and equipment, amounts due to related parties and short-term and current portion of long-term bank borrowings. The carrying amounts of these short-term financial instruments approximate their fair values due to the short-term maturity of these instruments.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The fair values of the Group's plant and equipment and long-term bank borrowings as of December 31, 2013 and 2014 are estimated by discounted cash flow technique using an interest rate corresponding to debt with similar maturities and risks on the measurement date.&lt;/p&gt;
&lt;/div&gt;</us-gaap:FairValueOfFinancialInstrumentsPolicy>
  <us-gaap:ConsolidationVariableInterestEntityPolicy id="Tag1272" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(w) Variable Interest Entity&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;uses a qualitative approach in assessing the consolidation requirement for variable interest entities. The approach focuses on identifying which enterprise has the power to direct the activities that most significantly impact the variable interest entity's economic performance and which enterprise has the obligation to absorb losses or the right to receive benefits from the variable interest entity. In the event that the Group&amp;#160;is the primary beneficiary of a variable interest entity, the assets, liabilities, and results of operations of the variable interest entity will be included in the Group's Consolidated Financial Statements.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ConsolidationVariableInterestEntityPolicy>
  <us-gaap:ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy id="Tag1273" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(x) Noncontrolling interest&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The noncontrolling interest represents Daqo Group's equity interest in Daqo New Material. The Group classified the ownership interest in the consolidated entity held by a party other than the Group&amp;#160;to noncontrolling interest in the consolidated financial statements. It also reported the consolidated net income at amounts that include the amounts attributable to both the parent and the noncontrolling interest on the face of the consolidated statements of operations and comprehensive income. On December 31, 2013, Daqo New Material was deconsolidated, therefore the noncontrolling interest was $&lt;font&gt;nil&lt;/font&gt; as of December 31, 2013 and 2014.&lt;/p&gt;
&lt;/div&gt;</us-gaap:ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy>
  <us-gaap:BusinessExitCosts1 id="Tag1274" contextRef="C5" unitRef="USD" decimals="-5">500000</us-gaap:BusinessExitCosts1>
  <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock id="Tag1275" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(z) Recent accounting pronouncements&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;On August 27, 2014, the FASB issued ASU 2014-15, which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements (or within one year after the date on which the financial statements are available to be issued, when applicable). Further, an entity must provide certain disclosures if there is &amp;#147;substantial doubt about the entity's ability to continue as a going concern.&amp;#148; The ASU is effective for annual periods ending after December 15, 2016, and interim periods thereafter. Early adoption is permitted. The Group&amp;#160;is in the process of evaluating the impact on its consolidated financial statements upon adoption.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;In May 2014, the FASB issued a new pronouncement which affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition&amp;#151;Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g. assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles&amp;#151;Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 1: Identify the contract(s) with a customer.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 2: Identify the performance obligations in the contract.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 3: Determine the transaction price.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 4: Allocate the transaction price to the performance obligations in the contract.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. An entity should apply the amendments in this ASU using one of the following two methods:&lt;/font&gt;&lt;br/&gt; &lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;1. Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;For completed contracts, an entity need not restate contracts that begin and end within the same annual reporting period.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.&lt;/font&gt;&lt;br/&gt; &lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;For all reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.&lt;/font&gt;&lt;br/&gt; &lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;2. Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method it also should provide the additional disclosures in reporting periods that include the date of initial application of:&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;The amount by which each financial statement line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect before the change.&lt;/font&gt;&lt;br/&gt; &lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;The Group&amp;#160;is in the process of evaluating the impact on its consolidated financial statements upon adoption.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
  <us-gaap:SignificantAccountingPoliciesTextBlock id="Tag1276" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;2. SUMMARY OF PRINCIPAL ACCOUNTING POLICIES&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(a) Basis of presentation&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The consolidated financial statements of the Group have been prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP").&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;The accompanying consolidated financial statements have been prepared assuming that the Group will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The realization of assets and the satisfaction of liabilities in the normal course of business are dependent on, among other things, the Group's ability to generate cash flows from operations, and the Group's ability to arrange adequate financing arrangements, including the renewal or rollover of its bank borrowings, to support its working capital requirements.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;As of December 31, 2014, the Group's current liabilities exceed its current assets by $&lt;font&gt;274,118,480&lt;/font&gt;. While the Group&amp;#160;had cash and cash equivalents of $ &lt;font&gt;7,068,483&lt;/font&gt;, and short-term bank borrowings of $ &lt;font&gt;90,443,007&lt;/font&gt; will be due within one year. The current portion of long-term bank borrowings amounting to $ &lt;font&gt;69,360,869&lt;/font&gt; is restricted to purchase fixed assets and required to be paid off upon due dates. Additionally, the Group&amp;#160;has capital commitment of $&lt;font&gt;20.4&lt;/font&gt;&amp;#160;million to be fulfilled in the next twelve months.&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;However, the Group&amp;#160;regards the going concern assumption as appropriate considering the following plans and actions:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;ol&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;March 6, 2015, the Group obtained a letter of financial support from Daqo Group which has committed to provide sufficient financial support to the Group to ensure the Group has the funds required to satisfy its obligations as they come due in the normal course during the twelve months ending December 31, 2015. Further, the support letter provides that Daqo Group will not require the Group to pay the amount owed to the Daqo Group and subsidiaries of Daqo Group, Daqo Solar, Daqo New Material and Xinjiang Daqo Investment&lt;/font&gt;.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;In February 2015, the Group&amp;#160;has obtained approximately $&lt;font&gt;28.0&lt;/font&gt; million through follow-on equity offering.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;For the first time since 2012, the Group&amp;#160;generated net income and positive cash flow from operations in 2014 amounting to&amp;#160;$&lt;font&gt;16.7&lt;/font&gt; million and $&lt;font&gt;45.6&lt;/font&gt;&amp;#160;million, respectively.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;has or is in the process of taking a number of cost reduction initiatives, including the new hydrochlorination system, technology improvement and polysilicon capacity expansion in Xinjiang.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;has performed a review of its cash flow forecasts for the twelve month period ending December 31, 2015, and believes that its operating cash flow will be positive during the twelve month period ending December 31, 2015.&lt;br/&gt;&lt;br/&gt;&lt;/li&gt;
&lt;li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;As of March 31, 2015, the Company successfully rolled over, renewed or replaced with new loans by existing creditors totaling $&lt;font&gt;30.6&lt;/font&gt; million. While there can be no assurance, management believes they will be able to roll over or renew substantially all of the $&lt;font&gt;90.4&lt;/font&gt; million of short term loans outstanding as of December 31, 2014&lt;/font&gt;.&lt;br/&gt;&lt;br/&gt;Based on the above factors, management believes that adequate sources of liquidity will exist to fund the Group's working capital and capital expenditures requirements, and to meet its short term debt obligations, other liabilities and commitments as they become due.&lt;/li&gt;
&lt;/ol&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(b) Basis of consolidations&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The consolidated financial statements include the financial statements of the Group. All intercompany transactions and balances have been eliminated on consolidation.&lt;/p&gt;
&lt;/div&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(c) Use of estimates&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;&lt;font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;"&gt;The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Management has made significant estimates in a variety of areas, including but not limited to allowance for doubtful accounts, inventories valuation, useful lives and residual values of long-lived assets, impairment for long lived assets, consolidation of Daqo New Material, valuation allowances for deferred tax assets, interest capitalization, warranty accrual and certain assumptions used in the computation of share-based compensation and related forfeiture rates.&lt;/font&gt; &lt;font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;"&gt;The Group revised the estimates of expected useful lives of property, plant and equipment on January 1, 2014, and please refers to Note 2 (i) for details.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(d) Concentration of credit risk&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable and notes receivable.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group places its cash and cash equivalents in various financial institutions in the PRC. The Group believes that no significant credit risk exists as these banks are principally government-owned financial institutions with high credit ratings.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Accounts receivable represent those receivables derived in the ordinary course of business. The Group conducts credit evaluations of customers to whom credit terms are extended. The Group establishes an allowance for doubtful accounts mainly based on aging of the receivables and other factors surrounding the credit risk of specific customers. The allowance for doubtful accounts is $&lt;font&gt;7,160,782&lt;/font&gt; and $&lt;font&gt;3,189,110&lt;/font&gt; as of December 31, 2013 and 2014, respectively, based on the aging of the receivables and the Group's assessment of the customers' credit risk.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The following customers accounted for 10% or more of accounts receivable:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Accounts&lt;br/&gt; receivable&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;br/&gt; &lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;br/&gt; &lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer A&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;3,673,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer B&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"&gt;&lt;font&gt;1,225,831&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; white-space: nowrap;"&gt;&lt;font&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer C&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;1,507,576&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;2,213,393&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer D&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;1,578,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #cceeff;"&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Customer E&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;font&gt;1,330,145&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;font&gt;&lt;font style="font-size: 13.3333330154419px;"&gt;Customer F&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&lt;font&gt;*&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;1,071,415&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div style="margin-top: 3pt; margin-bottom: 1pt;" align="left"&gt;
&lt;div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;"&gt;&amp;#160;&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr style="vertical-align: top;"&gt;
&lt;td style="width: 2%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 97%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;
&lt;div&gt;Represents less than 10%&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;From time to time, certain accounts receivable balances are settled in the form of notes receivable. As of December 31, 2013 and 2014, notes receivable represents bank acceptance drafts that are non-interest bearing and due within 6 months.&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;&amp;#160;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Total sales of polysilicon to the Group's largest customers whose sales constitute over 10% of revenue accounted for approximately &lt;font&gt;25&lt;/font&gt;%, &lt;font&gt;30&lt;/font&gt;% and &lt;font&gt;23&lt;/font&gt;% of revenues for the years ended December 31, 2012, 2013 and 2014, respectively. The Group is substantially dependent upon the continued participation of these customers in order to maintain its total revenues. Significantly reducing the Group's dependence on these customers is likely to take time and there can be no guarantee that the Group will succeed in reducing that dependence.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Furthermore, &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;all of the Group's long-term bank borrowings are guaranteed by Daqo Group, our related party, who has also committed to provide financial support to meet the Group's short term bank borrowings obligations, other liabilities and commitments as they become due (see Note 2(a)). The Group's access to credit is significantly reliant on Daqo Group's ability and willingness to continue to provide sufficient financial support&lt;/font&gt;.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(e) Cash and cash equivalents&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Cash and cash equivalents consist of cash on hand and demand deposits, which are unrestricted as to withdrawal and use, and which have maturities of three months or less when purchased.&lt;/p&gt;
&lt;/div&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(f) Restricted cash&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Restricted cash amounted to $&lt;font&gt;8,826,110&lt;/font&gt; and $&lt;font&gt;22,169,236&lt;/font&gt; as of December 31, 2013 and 2014, respectively, and are deposited in bank accounts as deposits for short-term letters of credit and notes issued by several banks for purchases of raw materials, plant and equipment. These deposits carry fixed interest rates and will be released when the related letters of credit or notes are settled by the Group. The Group considers the restricted cash balances as equivalent to an investment whose return of principal requires the satisfaction of conditions (i.e., settlement of letters of credit or notes) rather than a withdrawal demand. Therefore, deposits and withdrawals of principal balances in restricted cash accounts represent the creation or return of investment and, accordingly, the Group has presented such deposits and withdrawals as investing activities in the consolidated statements of cash flows.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(g) Allowance for Doubtful Accounts&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group determines its allowance for doubtful accounts by actively monitoring the financial condition of its customers to determine the potential for any nonpayment of trade receivables. In determining its allowance for doubtful accounts, the Group also considers other economic factors, such as aging trends. The Group believes that its process of specific review of customers combined with overall analytical review provides an effective evaluation of ultimate collectability of trade receivables.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(h) Inventories&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Inventories are stated at lower of cost or market. Costs are determined using weighted average costs. Costs comprise direct materials, direct labor and overhead costs incurred in bringing the inventories to their present location and condition. The Group writes down the cost of excess inventories to the estimated market value based on historical and forecasted demand. Estimated market value is measured as the estimated selling price of each class of inventory in the ordinary course of business less estimated costs of completion and disposal. The charges to inventory for the years ended December 31, 2012, 2013 and 2014 were $&lt;font&gt;14,821,620&lt;/font&gt;, $ &lt;font&gt;29,905,734&lt;/font&gt; and $&lt;font&gt;175,568&lt;/font&gt;, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group has outsourced portions of its manufacturing process, including cutting ingots into wafers, and converting wafers into solar cells, to various third-party manufacturers. These outsourcing arrangements may or may not include transfer of title of the raw material inventory (ingots, wafers or cells) to the third-party manufacturers.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;For those outsourcing arrangements in which title does not transfer, the Group maintains the inventory in the balance sheet as raw materials inventory while it is in physical possession of the third-party manufacturers. Upon receipt of the processed inventory from the third-party manufacturers, it is reclassified to work-in-progress inventory with the processing fee capitalized as cost of inventory.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;For those outsourcing arrangements in which title (including risk of loss) does transfer to the third-party manufacturer, the Group is contractually obligated to repurchase the processed inventory. To accomplish this, it enters into raw material sales agreements and processed inventory purchase agreements simultaneously with the third-party manufacturer. In such instances, where they are, in substance tolling arrangements, the Group retains the inventory in the consolidated balance sheets while it is in the physical possession of the third-party manufacturer. The cash received from the third-party manufacturer is recorded as a current liability on the balance sheet rather than revenue or deferred revenue. Upon receipt of the processed inventory, it is reclassified from raw materials to work-in-progress inventory and the processing fee paid to the third-party manufacturer is added to inventory cost. Cash payments for outsourcing arrangements which require prepayment for repurchase of the processed inventory are classified as current assets on the balance sheet. If there is &lt;font&gt;no&lt;/font&gt; legal right of offset established by these arrangements, the associated assets and liabilities are presented separately on the balance sheet until the processed inventory is returned to the Group.&lt;/p&gt;
&lt;/div&gt;


&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(i) Property, plant and equipment&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Property, plant and equipment are recorded at cost less accumulated depreciation. Depreciation is recognized on a straight-line basis over the following estimated useful lives:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font: 10pt times new roman, times, serif; width: 85%; border-collapse: collapse; margin-left: 58px;" width="100%"&gt;

&lt;tr&gt;
&lt;td style="vertical-align: top; width: 82%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Buildings and plant&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; width: 18%; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;30&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;15&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Furniture, fixtures and equipment&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;3&lt;/font&gt;-&lt;font&gt;5&lt;/font&gt;&amp;#160;years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Motor vehicles&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;6&lt;/font&gt; years&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;reassesses the reasonableness of the estimates of useful lives and residual values of long-lived assets when events or changes in circumstances indicate that the useful lives and residual values of a major asset or a major category of assets may not be reasonable. Factors that the Group&amp;#160;considers in deciding when to perform an analysis of useful lives and residual values of long-lived assets include, but are not limited to, significant variance of a business or product line in relation to expectations, significant deviation from industry or economic trends, and significant changes or planned changes in the use of the assets. The analysis will be performed at the asset or asset category with the reference to the assets' conditions, current technologies, market, and future plan of usage and the useful lives of major competitors.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;In &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 33.7333335876465px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;2013, the Group decided to relocate a majority of Chongqing's polysilicon assets to Xinjiang. As part of the decision to make significant investment to relocate the assets, the Group revisited the expectation as to the useful lives of these assets. Based on this review, the Group determined that the condition of its major assets, having now been in operations for a meaningful percentage of the original estimated lives, were in better condition, than the original useful life expectation had predicted, accordingly, the Group engaged an independent valuation firm to assist in reassessing the remaining economic useful life of the polysilicon assets in both Chongqing and Xinjiang. The analysis was completed in the first quarter of 2014&lt;/font&gt;.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Therefore, the Group&amp;#160;revised the estimates of expected useful lives of long-lived assets from January 1, 2014. The useful lives of machinery and equipment were expended from &lt;font&gt;10&lt;/font&gt; years to &lt;font&gt;15&lt;/font&gt; years, while buildings and structures were expended from &lt;font&gt;20&lt;/font&gt; years to &lt;font&gt;30&lt;/font&gt; years. No changes were made to furniture, fixtures and equipment, or motor vehicles. During the year ended December 31, 2014, the change in useful lives reduced depreciation expense of approximately $&lt;font&gt;18.7&lt;/font&gt; million, a majority of which was recorded in "Total cost of revenues", accordingly the impact on net income and basic net income per share is $&lt;font&gt;18.7&lt;/font&gt; million and $&lt;font&gt;0.09&lt;/font&gt; per ordinary share respectively.&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Costs incurred on construction are capitalized and transferred to property, plant and equipment upon completion, at which time depreciation commences.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Interest expense incurred for construction of property, plant, and equipment is capitalized as part of the cost of such assets. The Group&amp;#160;capitalizes interest to the extent that expenditures to construct an asset have occurred and interest costs have been incurred. Interest expense capitalized for the years ended December 31, 2012, 2013 and 2014 was $&lt;font&gt;7,245,747&lt;/font&gt;, $&lt;font&gt;nil&lt;/font&gt; and $&lt;font&gt;1,960,259&lt;/font&gt;&amp;#160;respectively.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(j) Prepaid land use rights&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;All land in the PRC is owned by the PRC government. The PRC government, according to PRC law, may sell the land use rights for a specified period of time. The Group's land use rights in the PRC are stated at cost less recognized lease expenses. Lease expense is recognized over the term of the agreement on a straight-line basis. The Group recorded lease expenses of $&lt;font&gt;958,558&lt;/font&gt;, $&lt;font&gt;781,706&lt;/font&gt; and $&lt;font&gt;628,052&lt;/font&gt;, for the years ended December 31, 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(k) Impairment of long-lived assets&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Factors that the Group considers in deciding when to perform an impairment review include, but are not limited to significant under-performance of a business or product line in relation to expectations, significant negative industry or economic trends, and significant changes or planed changes in the use of the assets. An impairment analysis is performed at the lowest level of identifiable independent cash flows for an asset or asset group. The Group makes subjective judgments in determining the independent cash flows that can be related to a specific asset group based on the asset usage model and manufacturing capabilities. The Group measures the recoverability of assets that will continue to be used in the operations by comparing the carrying value of the asset group to the estimate of the related total future undiscounted cash flows. If an asset group's carrying value is not recoverable through the related undiscounted cash flows, the impairment loss is measured by comparing the difference between the asset group's carrying value and its fair value. The Group determines the fair value of an asset or asset group utilizing estimated future discounted cash flows and incorporates assumptions that it believes marketplace participants would utilize.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;During each of the &lt;font&gt;three&lt;/font&gt; year ended December 31, 2012, 2013 and 2014, the impairment changes were $&lt;font&gt;42,754,481&lt;/font&gt;, $&lt;font&gt;158,424,827&lt;/font&gt; and $&lt;font&gt;nil&lt;/font&gt;, respectively.&amp;#160;The impairment loss incurred during the year ended December 31, 2012 was related to the impairment of long-lived assets of the wafer business, and was triggered primarily by the significant decrease in average selling prices for wafers that was experienced in 2012. The impairment loss incurred during the year ended December 31, 2013 was related to the buildings and plant of polysilicon asset group in Chongqing Daqo and Daqo New Material, and was triggered primarily by the significant decrease in average selling prices for polysilicon and the Group's decision of relocating significant machinery and equipment located at Chongqing Daqo to Xinjiang Daqo as a part of its expansion plan.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(l) Revenue recognition&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="text-decoration: underline;"&gt;Product sales&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group recognizes revenue when persuasive evidence of an arrangement exists, the sales price is fixed or determinable, delivery of the product has occurred, title and risk of loss have transferred to the customers and collectability of the receivable is reasonably assured. The majority of the sales contracts transfer title and risk of loss to customers upon receipt. Sales agreements for polysilicon and wafers typically do not contain product warranties except for return and replacement of defective products within a period generally ranging from &lt;font&gt;3&lt;/font&gt; to &lt;font&gt;30&lt;/font&gt; days from delivery. Sales agreements typically do not contain post-shipment obligations or other return or credit provisions. The Group may extend credit terms after assessing a number of factors to determine the customers' credit worthiness.&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Customers frequently pay for products prior to the delivery of the products. Advance payments are recorded as advances from customers.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;font style="text-decoration: underline;"&gt;Service revenue&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;Group also provides OEM services to customers, such as the provision of service to process polysilicon into ingots and wafers. The Group recognizes revenue when there is persuasive evidence of an arrangement, the service has been rendered, the sales price is fixed or determinable and collectability is reasonably assured&lt;/font&gt;.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(m) Cost of revenues&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Cost of revenues consists of production related costs including costs of silicon raw materials, electricity and other utilities, consumables, direct labor, overhead costs, depreciation of property, plant and equipment, and manufacturing waste treatment processing fees.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(n) Shipping and handling&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Costs to ship products to customers are recorded as selling expenses in the consolidated statements of operations. Costs to ship products to customers were $&lt;font&gt;1,033,808&lt;/font&gt;, $&lt;font&gt;1,901,384&lt;/font&gt; and $&lt;font&gt;2,054,786&lt;/font&gt;, respectively for the years ended December 31, 2012, 2013 and 2014.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(o) Research and development expenses&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Research and development expenses include materials and utilities consumed in research and development activities, payroll and related costs and depreciation of property and equipment associated with the research and development activities, which are expensed when incurred. In the years ended December 31, 2013 and 2014, the Group&amp;#160;incurred additional research and development expenses for its Xinjiang Phase II polysilicon facilities to achieve the targets for quality, capacity and cost during the pilot production period.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(p) Government subsidies&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group receives unrestricted cash subsidies from local government agencies. The government agencies use their discretion to determine the amount of the subsidies with reference to land use right fees, value-added tax and income taxes paid, bank loan interest expenses paid or electricity consumed by the Group, however, these subsidies do not represent tax refunds or reimbursements of expenditures. The subsidies are unrestricted as to use and can be utilized by the Group in any manner it deems appropriate. The Group has utilized, and expects to continue to utilize, these subsidies to fund general operating expenses. The Group records unrestricted cash government subsidies as other operating income in the consolidated statements of operations. Unrestricted cash government subsidies received for the years ended December 31, 2012, 2013 and 2014 were $&lt;font&gt;9,250,296&lt;/font&gt;, $&lt;font&gt;5,249,788&lt;/font&gt; and $&lt;font&gt;926,173&lt;/font&gt;, respectively.&amp;#160;Government grants related to assets are recorded as long term liabilities and are recognized as an offset to depreciation expense on a straight-line basis over the useful life of the associated asset. The Group&amp;#160;received government grants related to assets of $&lt;font&gt;1,383,487&lt;/font&gt;, $&lt;font&gt;1,172,160&lt;/font&gt; and $&lt;font&gt;113,735&lt;/font&gt;&amp;#160;during the years ended December 31, 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(q) Income taxes&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amount in the consolidated financial statements, net operating loss carry-forwards and credits by applying enacted tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the statement of operations in the period of the enactment of the change. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on the characteristics of the underlying assets and liabilities, or the expected timing of their use when they do not relate to a specific asset or liability.&lt;/p&gt;
&lt;/div&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(r) Share-based compensation&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group recognizes share-based compensation in the statement of operations based on the fair value of equity awards on the date of the grant, with compensation expense recognized over the period in which the grantee is required to provide service to the Group in exchange for the equity award. The Group has made an estimate of expected forfeiture and is recognizing compensation costs only for those equity awards expected to vest. The share-based compensation expenses have been categorized as either selling, general and administrative expenses, research and development expenses and cost of sales, depending on the job functions of the grantees. &lt;font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"&gt;For the years ended December 31, 2012, 2013 and 2014, the Group recognized share-based compensation expense of $2,249,834, $1,881,401 and $1,792,819, respectively, which was classified as follows:&lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 61%; background-color: #cceeff;"&gt;Selling, general and administrative expenses&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;2,018,817&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;1,743,768&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"&gt;&lt;font&gt;1,544,078&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Research and development expenses&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;175,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;60,987&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;12,310&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Cost of sales&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;55,775&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;76,646&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;236,431&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;2,249,834&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;1,881,401&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;1,792,819&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(s) (Loss) earnings per share&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Basic (loss) earnings per ordinary share are computed by dividing the net (loss) net income attributable to ordinary shares by the weighted average number of ordinary shares outstanding during the year.&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Diluted earnings per share is calculated by dividing net income attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the year. Diluted earnings per share is computed using the treasury stock method. During the years ended December 31, 2012, 2013 and 2014, the ordinary shares issuable upon the exercise of outstanding share options of &lt;font&gt;nil&lt;/font&gt;, &lt;font&gt;nil&lt;/font&gt; and &lt;font&gt;5,003,667&lt;/font&gt;&amp;#160;shares are included in the calculation of dilutive earnings per share.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(t) Foreign currency translation&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The reporting currency of the Company&amp;#160;is the United States dollar (&amp;#147;U.S. dollar&amp;#148;). The functional currency of the Company is the U.S. dollar. Monetary assets and liabilities denominated in other currencies other than the U.S. dollar are translated into U.S. dollar at the rates of exchange in effect at the balance sheet dates. Transactions dominated in currencies other than the U.S. dollar during the year are converted into U.S. dollar at the applicable rates of exchange prevailing when the transactions occur. Transaction gains and losses are recorded in the statements of operations.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The financial records of the Company's PRC subsidiaries and VIE are maintained in Chinese Renminbi (&amp;#147;RMB&amp;#148;), which is their functional currency. Assets and liabilities are translated at the exchange rates at the balance sheet date. Equity accounts are translated at historical exchange rates. Revenues, expenses, gains and losses are translated at average rate of exchange prevailing during the periods presented. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income in the statement of changes in equity and comprehensive income.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The RMB is not a freely convertible currency. The State Administration for Foreign Exchange of People's Republic of China, under the authority of the People's Bank of China, controls the conversion of RMB into foreign currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China foreign exchange trading system market. The Group's aggregate amount of cash and cash equivalents and restricted cash denominated in RMB amounted to $&lt;font&gt;11,436,370&lt;/font&gt; and $&lt;font&gt;24,356,970&lt;/font&gt;&amp;#160;as of December 31, 2013 and 2014, respectively.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(u) Comprehensive income&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Our financial statements include the Consolidated Statements of Comprehensive (Loss) Income as required by new accounting guidance, which we retrospectively adopted during 2012. As of December 31, 2013 and 2014, Accumulated Other Comprehensive Income was comprised entirely of foreign currency translation adjustments.&lt;/p&gt;
&lt;/div&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(v) Fair value of financial instruments&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;estimates fair value of financial assets and liabilities as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as an exit price). The fair value measurement guidance establishes a hierarchy for inputs used in measuring fair value that gives the highest priority to observable inputs and the lowest priority to unobservable inputs. Valuation techniques used to measure fair value shall maximize the use of observable inputs.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;" width="100%"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 3%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Level 1&amp;#151;Valuation techniques in which all significant inputs are unadjusted quoted prices from active markets for assets or liabilities that are identical to the assets or liabilities being measured.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 3%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Level 2&amp;#151;Valuation techniques in which significant inputs include quoted prices from active markets for assets or liabilities that are similar to the assets or liabilities being measured and/or quoted prices for assets or liabilities that are identical or similar to the assets or liabilities being measured from markets that are not active. Also, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets are Level 2 valuation techniques.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"&gt;

&lt;tr&gt;
&lt;td style="width: 4%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 3%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;Level 3&amp;#151;Valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are valuation technique inputs that reflect the Group's own assumptions about the assumptions that market participants would use to price an asset or liability.&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;When available, the Group measures the fair value of financial instruments based on quoted market prices in active markets, valuation techniques that use observable market-based inputs or unobservable inputs that are corroborated by market data. Pricing information the Group obtains from third parties is internally validated for reasonableness prior to use in the consolidated financial statements. When observable market prices are not readily available, the Group generally estimates fair value using valuation techniques that rely on alternate market data or inputs that are generally less readily observable from objective sources and are estimated based on pertinent information available at the time of the applicable reporting periods. In certain cases, fair values are not subject to precise quantification or verification and may fluctuate as economic and market factors vary and the Group's evaluation of those factors changes. Although the Group uses its best judgment in estimating the fair value of these financial instruments, there are inherent limitations in any estimation technique. In these cases, a minor change in an assumption could result in a significant change in its estimate of fair value, thereby increasing or decreasing the amounts of the Group's consolidated assets, liabilities, shareholders' equity and net income or loss.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group's financial instruments include cash and cash equivalents, restricted cash, accounts receivable, other current assets, amount due from related parties, accounts payable, other current liabilities, payables for purchase of property, plant and equipment, amounts due to related parties and short-term and current portion of long-term bank borrowings. The carrying amounts of these short-term financial instruments approximate their fair values due to the short-term maturity of these instruments.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The fair values of the Group's plant and equipment and long-term bank borrowings as of December 31, 2013 and 2014 are estimated by discounted cash flow technique using an interest rate corresponding to debt with similar maturities and risks on the measurement date.&lt;/p&gt;
&lt;/div&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(w) Variable Interest Entity&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;uses a qualitative approach in assessing the consolidation requirement for variable interest entities. The approach focuses on identifying which enterprise has the power to direct the activities that most significantly impact the variable interest entity's economic performance and which enterprise has the obligation to absorb losses or the right to receive benefits from the variable interest entity. In the event that the Group&amp;#160;is the primary beneficiary of a variable interest entity, the assets, liabilities, and results of operations of the variable interest entity will be included in the Group's Consolidated Financial Statements.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(x) Noncontrolling interest&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The noncontrolling interest represents Daqo Group's equity interest in Daqo New Material. The Group classified the ownership interest in the consolidated entity held by a party other than the Group&amp;#160;to noncontrolling interest in the consolidated financial statements. It also reported the consolidated net income at amounts that include the amounts attributable to both the parent and the noncontrolling interest on the face of the consolidated statements of operations and comprehensive income. On December 31, 2013, Daqo New Material was deconsolidated, therefore the noncontrolling interest was $&lt;font&gt;nil&lt;/font&gt; as of December 31, 2013 and 2014.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(y) Treasury Stock&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On July 9, 2012, the Company's Board of Directors authorized the Company to repurchase up to $&lt;font&gt;5&lt;/font&gt; million in aggregate value of its outstanding ordinary shares through open market or other legally permissible means prior to December 31, 2012 in accordance with applicable securities laws.. During the year ended December 31, 2012, the Company repurchased &lt;font&gt;2,836,670&lt;/font&gt; shares for a total purchase price of $&lt;font&gt;500,724&lt;/font&gt;. The Company has legal title to the shares, and no other party has the voting rights associated with these shares.&lt;/p&gt;
&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(z) Recent accounting pronouncements&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;On August 27, 2014, the FASB issued ASU 2014-15, which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements (or within one year after the date on which the financial statements are available to be issued, when applicable). Further, an entity must provide certain disclosures if there is &amp;#147;substantial doubt about the entity's ability to continue as a going concern.&amp;#148; The ASU is effective for annual periods ending after December 15, 2016, and interim periods thereafter. Early adoption is permitted. The Group&amp;#160;is in the process of evaluating the impact on its consolidated financial statements upon adoption.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;In May 2014, the FASB issued a new pronouncement which affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition&amp;#151;Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g. assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles&amp;#151;Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"&gt;&lt;font style="font-size: 10pt;"&gt;The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 1: Identify the contract(s) with a customer.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 2: Identify the performance obligations in the contract.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 3: Determine the transaction price.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 4: Allocate the transaction price to the performance obligations in the contract.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. An entity should apply the amendments in this ASU using one of the following two methods:&lt;/font&gt;&lt;br/&gt; &lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;1. Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;For completed contracts, an entity need not restate contracts that begin and end within the same annual reporting period.&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.&lt;/font&gt;&lt;br/&gt; &lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;For all reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.&lt;/font&gt;&lt;br/&gt; &lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;2. Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method it also should provide the additional disclosures in reporting periods that include the date of initial application of:&lt;/font&gt;&lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;The amount by which each financial statement line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect before the change.&lt;/font&gt;&lt;br/&gt; &lt;br/&gt;&lt;font style="font-size: 10pt;"&gt;The Group&amp;#160;is in the process of evaluating the impact on its consolidated financial statements upon adoption.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;/div&gt;

&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <dq:WorkingCapital id="Tag1277" contextRef="C2" unitRef="USD" decimals="0">-274118480</dq:WorkingCapital>
  <us-gaap:ShortTermBorrowings id="Tag1278" contextRef="C2" unitRef="USD" decimals="0">90443007</us-gaap:ShortTermBorrowings>
  <us-gaap:OtherCommitmentDueInNextTwelveMonths id="Tag1279" contextRef="C2" unitRef="USD" decimals="-5">20400000</us-gaap:OtherCommitmentDueInNextTwelveMonths>
  <us-gaap:StockIssuedDuringPeriodValueOther id="Tag1280" contextRef="C621768" unitRef="USD" decimals="-5">28000000</us-gaap:StockIssuedDuringPeriodValueOther>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife id="Tag1281" contextRef="C632723">P10Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife id="Tag1282" contextRef="C632724">P20Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:Depreciation id="Tag1283" contextRef="C632725" unitRef="USD" decimals="-5">-18700000</us-gaap:Depreciation>
  <us-gaap:ProfitLoss id="Tag1284" contextRef="C632725" unitRef="USD" decimals="-5">18700000</us-gaap:ProfitLoss>
  <us-gaap:EarningsPerShareBasic id="Tag1285" contextRef="C632725" unitRef="USDPerShare" decimals="2">0.09</us-gaap:EarningsPerShareBasic>
  <us-gaap:AccountsReceivableNetCurrent id="Tag1286" contextRef="C46" unitRef="USD" xsi:nil="true" />
  <us-gaap:BusinessExitCosts1 id="Tag1287" contextRef="C141" unitRef="USD" decimals="-5">800000</us-gaap:BusinessExitCosts1>
  <us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock id="Tag1288" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;&lt;font&gt;3&lt;/font&gt;. EXIT and DISPOSAL ACTIVITIES&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(a) Disposal of Nanjing Daqo&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On September 28, 2012, in order to focus on the Group's core competency and enhance operating efficiency, the Group&amp;#160;sold &lt;font&gt;100&lt;/font&gt;% equity interests in Nanjing Daqo to our related party, Daqo Group, after the Group failed to identify a third party investor from its public bidding procedure undertaken through the Nanjing Property Right Trading Center for a total consideration of RMB&lt;font&gt;62&lt;/font&gt; million (US$&lt;font&gt;9.9&lt;/font&gt;&amp;#160;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;million). The sales price was determined with reference to the valuation result as of March 31, 2012 performed by an independent third party valuer, which determined the fair value to approximate the net asset value of approximately&lt;/font&gt; $&lt;font&gt;12.0&lt;/font&gt; million, less the operating loss of Nanjing Daqo incurred during the period from April 1, 2012 to September 28, 2012 of approximately $&lt;font&gt;2.1&lt;/font&gt; million. The loss from discontinued operation of $&lt;font&gt;2,392,228&lt;/font&gt; represents the aggregation of the loss incurred by Nanjing Daqo during the period from January 1, 2012 to September 28, 2012 of $&lt;font&gt;3,491,527&lt;/font&gt; and the gain on disposition of $&lt;font&gt;1,099,299&lt;/font&gt;, which was the reclassification of foreign currency translation gain from other comprehensive income of $&lt;font&gt;1,099,299&lt;/font&gt;. There were no remaining assets or liabilities associated with discontinued operations in the consolidated balance sheet as of December 31, 2012.&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;The discontinued operations were retrospectively reflected for all the prior years presented in the consolidated statements of operations. The operating results reported as discontinued operations for the years ended December 31, 2012 are summarized as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="3" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;"&gt;Revenues&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;6,454,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Operating costs and expenses&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(9,946,357&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Loss from discontinued operations before income taxes&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(3,491,527&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Income tax benefit&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Loss from discontinued operations&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(3,491,527&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;br/&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"&gt;&lt;strong&gt;&lt;em&gt;(b) Relocation of Polysilicon Operations to Xinjiang&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;As of December 31, 2013, the Group&amp;#160;had a plan to expand the capacity at the Xinjiang plant and is in the process of relocating significant production assets, with a carrying value of $ &lt;font&gt;144.7&lt;/font&gt;&amp;#160;million, from Chongqing Daqo to its Xinjiang plant. In connection with this relocation plan, the Group&amp;#160;determined i) to cease a retooling project at its polysilicon production line located at Chongqing Daqo in the second quarter of 2013, and ii) it was more practical to relocate its machinery and equipment located at Chongqing Daqo, to Xinjiang as part of the Polysilicon Phase II Expansion Project plan. The Group&amp;#160;expects to fully ramp up this expansion project by the end of the second quarter of 2015. Therefore, the Group&amp;#160;recorded an impairment charge of $&lt;font&gt;158.4&lt;/font&gt;&amp;#160;million in connection with this decision in the second quarter of 2013 and subsequently terminated its lease arrangement with Daqo New Material on December 30, 2013. As of December 31, 2013, the Group&amp;#160;has incurred approximately $&lt;font&gt;0.8&lt;/font&gt;&amp;#160;million in employee termination costs and $&lt;font&gt;0.5&lt;/font&gt;&amp;#160;million in connection with relocation costs, all of which were recorded in selling, general and administrative expenses.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;In August 2014, the Board of Directors approved the Company to launch an early stage research for the Polysilicon Phase III Expansion Project in Xinjiang. After a&amp;#160;comprehensive analysis of the capacity and comparability of the Chongqing machinery and equipment, the Company concluded that it would be more efficient to use part of the machinery and equipment in Phrase III, rather than using all of them in Phrase II Expansion Project. As a result, the Company has changed its original relocation plan and determined to utilize a portion of these equipment and machinery in Polysilicon Phase III Expansion Project in Xinjiang.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;As of December 31, 2014, about $&lt;font&gt;46.1&lt;/font&gt; million of $&lt;font&gt;116.1&lt;/font&gt; million of the machinery and equipment have been relocated from Chongqing Daqo to its Xinjiang plant for Polysilicon Phase II Expansion Project, which is expected to be fully ramp up by the end of the second quarter of 2015. The Company&amp;#160;expects to complete the Polysilicon Phase III Expansion Project by early 2017, and the remaining machinery and equipment of $&lt;font&gt;70.0&lt;/font&gt; million will be relocated from Chongqing to Xinjiang then. The Group&amp;#160;spent approximately $&lt;font&gt;0.5&lt;/font&gt;&amp;#160;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;million on a quarterly basis to keep these machinery and equipment in good condition, including&lt;/font&gt; $&lt;font&gt;0.3&lt;/font&gt; million wages and $&lt;font&gt;0.2&lt;/font&gt; million electricity fees.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;&lt;font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;"&gt;The change to the original relocation plan indicated that the carrying amount of the remaining machinery and equipment of $70.0 million may not be recoverable. The Group engaged an independent valuation firm to assist in performing the recoverability test. Based on the test, the Group concluded that the estimated sum of the undiscounted cash flows expected to be generated from the use and eventual disposition of the polysilicon group were in substantial excess of the carrying amount, and no impairment was noted as of December 31, 2014.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;br/&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;During the year ended December 31, 2014, additional&amp;#160;$&lt;font&gt;0.8&lt;/font&gt;&amp;#160;million relocation cost occurred, which was recorded in selling, general and administrative expenses. No material liabilities, including contract termination costs, are recorded in connection with this relocation plan as of December 31, 2013 and 2014. &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;The Group expects to incur additional costs of $&lt;font&gt;2.3&lt;/font&gt; million in relocating the equipment&lt;/font&gt;.&lt;/p&gt;
&lt;/div&gt;</us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock>
  <us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock id="Tag1289" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;The discontinued operations were retrospectively reflected for all the prior years presented in the consolidated statements of operations. The operating results reported as discontinued operations for the years ended December 31, 2012 are summarized as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="3" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;"&gt;Revenues&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;6,454,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Operating costs and expenses&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(9,946,357&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Loss from discontinued operations before income taxes&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(3,491,527&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;)&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Income tax benefit&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;&amp;#151;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Loss from discontinued operations&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;(3,491,527&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;)&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;br/&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock>
  <dq:PropertyPlantAndEquipmentRelocated id="Tag1290" contextRef="C22" unitRef="USD" decimals="-5">46100000</dq:PropertyPlantAndEquipmentRelocated>
  <us-gaap:PropertyPlantAndEquipmentFairValueDisclosure id="Tag1291" contextRef="C22" unitRef="USD" decimals="-5">116100000</us-gaap:PropertyPlantAndEquipmentFairValueDisclosure>
  <dq:PropertyPlantAndEquipmentYetToBeRelocated id="Tag1292" contextRef="C22" unitRef="USD" decimals="-5">70000000</dq:PropertyPlantAndEquipmentYetToBeRelocated>
  <us-gaap:RestructuringCharges id="Tag1293" contextRef="C5" unitRef="USD" decimals="-5">500000</us-gaap:RestructuringCharges>
  <us-gaap:RestructuringCharges id="Tag1294" contextRef="C623422" unitRef="USD" decimals="-5">300000</us-gaap:RestructuringCharges>
  <us-gaap:RestructuringCharges id="Tag1295" contextRef="C623423" unitRef="USD" decimals="-5">200000</us-gaap:RestructuringCharges>
  <us-gaap:RestructuringAndRelatedCostExpectedCost1 id="Tag1296" contextRef="C2" unitRef="USD" decimals="-5">2300000</us-gaap:RestructuringAndRelatedCostExpectedCost1>
  <dq:DepositarySharesIssuedDuringPeriodShares id="Tag1297" contextRef="C622562" unitRef="Shares" decimals="0">2000000</dq:DepositarySharesIssuedDuringPeriodShares>
  <us-gaap:StockIssuedDuringPeriodSharesOther id="Tag1298" contextRef="C622562" unitRef="Shares" decimals="0">50000000</us-gaap:StockIssuedDuringPeriodSharesOther>
  <us-gaap:PaymentsOfStockIssuanceCosts id="Tag1299" contextRef="C622562" unitRef="USD" decimals="-5">3400000</us-gaap:PaymentsOfStockIssuanceCosts>
  <us-gaap:StockIssuedDuringPeriodValueOther id="Tag1300" contextRef="C622562" unitRef="USD" decimals="-5">54600000</us-gaap:StockIssuedDuringPeriodValueOther>
  <us-gaap:StockholdersEquityNoteDisclosureTextBlock id="Tag1301" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;&lt;p style="font-size: 10pt;"&gt;&lt;font style="font-size: 10pt;"&gt;&lt;strong style="font-size: 10pt;"&gt;4. FOLLOW-ON EQUITY OFFERING&lt;/strong&gt;&lt;/font&gt;&lt;br style="font-size: 10pt;"/&gt;&lt;/p&gt; &lt;p style="font-size: 10pt;"&gt;&lt;font style="font-size: 10pt;"&gt;In May 2014, the Company issued and sold &lt;font&gt;2,000,000&lt;/font&gt; America depositary shares ("ADSs"), representing &lt;font&gt;50,000,000&lt;/font&gt; ordinary shares, through a follow-on equity offering. The proceeds, net of issuance cost of $&lt;font&gt;3.4&lt;/font&gt; million, were $&lt;font&gt;54.6&lt;/font&gt; million.&lt;/font&gt;&lt;br style="font-size: 10pt;"/&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
  <us-gaap:AllowanceForDoubtfulAccountsReceivable id="Tag1302" contextRef="C13" unitRef="USD" decimals="0">1202940</us-gaap:AllowanceForDoubtfulAccountsReceivable>
  <dq:AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect id="Tag1303" contextRef="C4" unitRef="USD" decimals="0">29794</dq:AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect>
  <dq:AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect id="Tag1304" contextRef="C3" unitRef="USD" decimals="0">86296</dq:AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect>
  <dq:AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect id="Tag1305" contextRef="C5" unitRef="USD" decimals="0">-147928</dq:AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect>
  <us-gaap:AllowanceForDoubtfulAccountsReceivable id="Tag1306" contextRef="C6" unitRef="USD" decimals="0">1592467</us-gaap:AllowanceForDoubtfulAccountsReceivable>
  <us-gaap:AllowanceForDoubtfulAccountsReceivable id="Tag1307" contextRef="C1" unitRef="USD" decimals="0">7160782</us-gaap:AllowanceForDoubtfulAccountsReceivable>
  <us-gaap:AllowanceForDoubtfulAccountsReceivable id="Tag1308" contextRef="C2" unitRef="USD" decimals="0">3189110</us-gaap:AllowanceForDoubtfulAccountsReceivable>
  <us-gaap:OtherCurrentAssetsTextBlock id="Tag1309" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;5. PREPAID EXPENSE AND OTHER CURRENT ASSETS&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Prepaid expense and other current assets consist of the following:&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Spare parts&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;6,264,805&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;6,385,388&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Prepaid Value added tax (&amp;#147;VAT&amp;#148;)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;15,273,592&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,857,017&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Prepaid insurance fee&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;218,865&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;226,564&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Others&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;2,113,428&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;366,900&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;23,870,690&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;12,835,869&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:OtherCurrentAssetsTextBlock>
  <us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock id="Tag1310" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;5. ALLOWANCES FOR DOUBTFUL RECEIVABLES&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;The Group made provisions for doubtful accounts receivables in the aggregate amount of $359,733 and $5,482,019 during the year ended 2012 and 2013. The Group reversed provision for doubtful accounts receivables in the aggregate amount of $3,823,744 during the year ended December 31, 2014.&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"&gt;&amp;#160;&amp;#160;&lt;br/&gt;&lt;/p&gt; &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Analysis of allowances for accounts receivable is as follows:&lt;/p&gt;
&lt;div&gt;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;"&gt;Beginning of the year&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;1,202,940&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;1,592,467&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;7,160,782&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Allowances (Reversal) during the year&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;359,733&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,482,019&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(3,823,744&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Foreign exchange effect&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;29,794&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;86,296&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(147,928&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Closing balance&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,592,467&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;7,160,782&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;3,189,110&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt; &lt;div class="CursorPointer"&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px;"&gt;&amp;#160;&lt;/p&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class="CursorPointer"&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px;"&gt;As of December 31, 2013, the Group provided full allowance for certain long aging receivables based on available information on the customer's deteriorated credit risks and poor financial performance. In 2014, along with the recovery of solar industry and continued legal actions, the Group was able to collect payments on these receivable, as such, an allowance of $&lt;font&gt;4,171,528 &lt;/font&gt;previously recorded has been reversed in 2014.&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt; &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock>
  <us-gaap:AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock id="Tag1311" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Year ended December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2012&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;"&gt;Beginning of the year&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;1,202,940&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;1,592,467&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;7,160,782&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Allowances (Reversal) during the year&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;359,733&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,482,019&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(3,823,744&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Foreign exchange effect&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;29,794&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;86,296&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;(147,928&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;)&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Closing balance&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;1,592,467&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;7,160,782&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;3,189,110&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt; &lt;div class="CursorPointer"&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px;"&gt;&amp;#160;&lt;/p&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock>
  <us-gaap:AllowanceForDoubtfulAccountsReceivableRecoveries id="Tag1312" contextRef="C5" unitRef="USD" decimals="0">4171528</us-gaap:AllowanceForDoubtfulAccountsReceivableRecoveries>
  <us-gaap:OtherInventoriesSpareParts id="Tag1313" contextRef="C1" unitRef="USD" decimals="0">6264805</us-gaap:OtherInventoriesSpareParts>
  <us-gaap:OtherInventoriesSpareParts id="Tag1314" contextRef="C2" unitRef="USD" decimals="0">6385388</us-gaap:OtherInventoriesSpareParts>
  <us-gaap:PrepaidTaxes id="Tag1315" contextRef="C1" unitRef="USD" decimals="0">15273592</us-gaap:PrepaidTaxes>
  <us-gaap:PrepaidTaxes id="Tag1316" contextRef="C2" unitRef="USD" decimals="0">5857017</us-gaap:PrepaidTaxes>
  <us-gaap:PrepaidInsurance id="Tag1317" contextRef="C1" unitRef="USD" decimals="0">218865</us-gaap:PrepaidInsurance>
  <us-gaap:PrepaidInsurance id="Tag1318" contextRef="C2" unitRef="USD" decimals="0">226564</us-gaap:PrepaidInsurance>
  <us-gaap:OtherAssetsCurrent id="Tag1319" contextRef="C1" unitRef="USD" decimals="0">2113428</us-gaap:OtherAssetsCurrent>
  <us-gaap:OtherAssetsCurrent id="Tag1320" contextRef="C2" unitRef="USD" decimals="0">366900</us-gaap:OtherAssetsCurrent>
  <us-gaap:DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock id="Tag1321" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Prepaid expense and other current assets consist of the following:&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Spare parts&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;6,264,805&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;6,385,388&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Prepaid Value added tax (&amp;#147;VAT&amp;#148;)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;15,273,592&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,857,017&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Prepaid insurance fee&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;218,865&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;226,564&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Others&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;2,113,428&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;366,900&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;23,870,690&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;12,835,869&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock>
  <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment id="Tag1322" contextRef="C97" unitRef="USD" decimals="0">145031744</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
  <us-gaap:InventoryRawMaterials id="Tag1323" contextRef="C1" unitRef="USD" decimals="0">2084050</us-gaap:InventoryRawMaterials>
  <us-gaap:InventoryRawMaterials id="Tag1324" contextRef="C2" unitRef="USD" decimals="0">1362944</us-gaap:InventoryRawMaterials>
  <us-gaap:InventoryWorkInProcess id="Tag1325" contextRef="C1" unitRef="USD" decimals="0">4666821</us-gaap:InventoryWorkInProcess>
  <us-gaap:InventoryWorkInProcess id="Tag1326" contextRef="C2" unitRef="USD" decimals="0">5411360</us-gaap:InventoryWorkInProcess>
  <us-gaap:InventoryFinishedGoods id="Tag1327" contextRef="C1" unitRef="USD" decimals="0">3749385</us-gaap:InventoryFinishedGoods>
  <us-gaap:InventoryFinishedGoods id="Tag1328" contextRef="C2" unitRef="USD" decimals="0">2807480</us-gaap:InventoryFinishedGoods>
  <us-gaap:InventoryDisclosureTextBlock id="Tag1329" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;6. INVENTORIES&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Inventories consist of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 70%; background-color: rgb(204, 238, 255);"&gt;Raw materials&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 1%; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;2,084,050&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;1,362,944&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Work-in-process&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,666,821&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,411,360&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Finished goods&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: left; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: right; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;&lt;font&gt;3,749,385&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: left; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: right; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;&lt;font&gt;2,807,480&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;&lt;font&gt;10,500,256&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;&lt;font&gt;9,581,784&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Inventory write-down was $&lt;font&gt;14,821,620&lt;/font&gt;, $&lt;font&gt;29,905,734&lt;/font&gt;&amp;#160;and $&lt;font&gt;175,568&lt;/font&gt; for the years ended December&amp;#160;31, 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:InventoryDisclosureTextBlock>
  <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment id="Tag1330" contextRef="C98" unitRef="USD" decimals="0">169264463</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
  <us-gaap:PropertyPlantAndEquipmentNet id="Tag1331" contextRef="C97" unitRef="USD" decimals="0">467679944</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet id="Tag1332" contextRef="C98" unitRef="USD" decimals="0">434103517</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:ScheduleOfInventoryCurrentTableTextBlock id="Tag1333" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Inventories consist of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 70%; background-color: rgb(204, 238, 255);"&gt;Raw materials&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 1%; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;2,084,050&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;1,362,944&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Work-in-process&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;4,666,821&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;5,411,360&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Finished goods&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: left; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: right; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;&lt;font&gt;3,749,385&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: left; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: right; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"&gt;&lt;font&gt;2,807,480&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;&lt;font&gt;10,500,256&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;strong&gt;&lt;font&gt;9,581,784&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfInventoryCurrentTableTextBlock>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1334" contextRef="C89" unitRef="USD" decimals="0">235690310</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1335" contextRef="C90" unitRef="USD" decimals="0">233230935</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1336" contextRef="C91" unitRef="USD" decimals="0">355429064</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1337" contextRef="C92" unitRef="USD" decimals="0">351409724</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1338" contextRef="C93" unitRef="USD" decimals="0">21329752</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1339" contextRef="C94" unitRef="USD" decimals="0">18469913</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1340" contextRef="C95" unitRef="USD" decimals="0">262562</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1341" contextRef="C96" unitRef="USD" decimals="0">257408</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1342" contextRef="C99" unitRef="USD" decimals="0">20824239</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross id="Tag1343" contextRef="C100" unitRef="USD" decimals="0">124902602</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock id="Tag1344" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;7. PROPERTY, PLANT AND EQUIPMENT, NET&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Property, plant and equipment, net, consist of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Cost&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 70%;"&gt;Buildings and plant&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"&gt;&lt;font&gt;235,690,310&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"&gt;&lt;font&gt;233,230,935&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Machinery and equipment&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;355,429,064&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;351,409,724&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Furniture, fixtures and equipment&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;21,329,752&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;18,469,913&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Motor vehicles&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;262,562&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;257,408&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Less: Accumulated depreciation&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(145,031,744&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(169,264,463&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Property, plant and equipment, net&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;467,679,944&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;434,103,517&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Construction in process&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;20,824,239&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;124,902,602&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;488,504,183&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;559,006,119&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Depreciation expense was $&lt;font&gt;37,371,791&lt;/font&gt;, $&lt;font&gt;52,250,595&lt;/font&gt; and $&lt;font&gt;28,007,943&lt;/font&gt; for the years ended December&amp;#160;31, 2012, 2013 and 2014, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;recognized impairments for long-lived assets of &lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;$&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;42,754,481&lt;/font&gt;&lt;/font&gt;&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;, $&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;font&gt;158,424,827&lt;/font&gt;&lt;/font&gt;&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt; and $&lt;font&gt;nil&lt;/font&gt; during the years ended December 31, 2012, 2013 and 2014, respectively.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
  <us-gaap:PropertyPlantAndEquipmentTextBlock id="Tag1345" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;Property, plant and equipment, net, consist of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Cost&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 70%;"&gt;Buildings and plant&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"&gt;&lt;font&gt;235,690,310&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"&gt;&lt;font&gt;233,230,935&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Machinery and equipment&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;355,429,064&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;351,409,724&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Furniture, fixtures and equipment&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;21,329,752&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;18,469,913&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Motor vehicles&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;262,562&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;257,408&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Less: Accumulated depreciation&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(145,031,744&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;(169,264,463&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"&gt;Property, plant and equipment, net&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;467,679,944&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;434,103,517&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Construction in process&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;20,824,239&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;124,902,602&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&lt;font&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;488,504,183&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;559,006,119&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
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  <us-gaap:ShortTermDebtWeightedAverageInterestRate id="Tag1346" contextRef="C1" unitRef="Pure" decimals="3">0.064</us-gaap:ShortTermDebtWeightedAverageInterestRate>
  <us-gaap:ShortTermDebtWeightedAverageInterestRate id="Tag1347" contextRef="C2" unitRef="Pure" decimals="3">0.068</us-gaap:ShortTermDebtWeightedAverageInterestRate>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1348" contextRef="C72" unitRef="USD" decimals="-5">64400000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
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  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1351" contextRef="C51" unitRef="CNY" decimals="-6">400000000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
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  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1364" contextRef="C33" unitRef="USD" decimals="-5">18200000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1365" contextRef="C38" unitRef="USD" decimals="-5">8500000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1366" contextRef="C51" unitRef="USD" decimals="-5">58000000</us-gaap:RepaymentsOfLinesOfCredit>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1367" contextRef="C51" unitRef="CNY" decimals="-6">360000000</us-gaap:RepaymentsOfLinesOfCredit>
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  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1369" contextRef="C101" unitRef="CNY" decimals="-6">400000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1370" contextRef="C52" unitRef="USD" decimals="-5">61200000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1371" contextRef="C52" unitRef="CNY" decimals="-6">380000000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
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  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1373" contextRef="C102" unitRef="CNY" decimals="-6">130000000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
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  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1376" contextRef="C104" unitRef="CNY" decimals="-6">250000000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
  <us-gaap:DebtInstrumentInterestRateStatedPercentage id="Tag1377" contextRef="C105" unitRef="Pure" decimals="INF">0.069</us-gaap:DebtInstrumentInterestRateStatedPercentage>
  <us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity id="Tag1378" contextRef="C88" unitRef="USD" decimals="-5">3200000</us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
  <us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity id="Tag1379" contextRef="C88" unitRef="CNY" decimals="-6">20000000</us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1380" contextRef="C52" unitRef="USD" decimals="-5">38700000</us-gaap:RepaymentsOfLinesOfCredit>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1381" contextRef="C52" unitRef="CNY" decimals="-6">240000000</us-gaap:RepaymentsOfLinesOfCredit>
  <us-gaap:DebtInstrumentCollateralAmount id="Tag1382" contextRef="C101" unitRef="USD" decimals="-5">8700000</us-gaap:DebtInstrumentCollateralAmount>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1383" contextRef="C111" unitRef="USD" decimals="-5">120800000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1384" contextRef="C111" unitRef="CNY" decimals="-6">750000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="Tag1385" contextRef="C49" unitRef="Pure" decimals="2">0.05</us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1386" contextRef="C49" unitRef="USD" decimals="-5">120800000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1387" contextRef="C49" unitRef="CNY" decimals="-6">750000000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1388" contextRef="C127" unitRef="USD" decimals="-5">39600000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1389" contextRef="C127" unitRef="CNY" decimals="-5">245500000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
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  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1391" contextRef="C50" unitRef="USD" decimals="-5">39600000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
  <us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod id="Tag1392" contextRef="C50" unitRef="CNY" decimals="-5">245500000</us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1393" contextRef="C50" unitRef="USD" decimals="-5">26600000</us-gaap:RepaymentsOfLinesOfCredit>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1394" contextRef="C50" unitRef="CNY" decimals="-6">165000000</us-gaap:RepaymentsOfLinesOfCredit>
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  <us-gaap:LongtermDebtWeightedAverageInterestRate id="Tag1396" contextRef="C2" unitRef="Pure" decimals="3">0.069</us-gaap:LongtermDebtWeightedAverageInterestRate>
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  <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo id="Tag1398" contextRef="C2" unitRef="USD" decimals="0">40279250</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo>
  <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree id="Tag1399" contextRef="C2" unitRef="USD" decimals="0">37056910</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree>
  <us-gaap:LongTermDebt id="Tag1400" contextRef="C2" unitRef="USD" decimals="0">146697029</us-gaap:LongTermDebt>
  <us-gaap:ScheduleOfDebtTableTextBlock id="Tag1401" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group's bank borrowings consisted of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Short-term bank borrowings&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;68,821,014&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;90,443,007&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Long-term bank borrowings, current portion&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;50,049,843&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;69,360,869&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total borrowings, current&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;118,870,857&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;159,803,876&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Long-term bank borrowings, non-current portion&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;134,870,287&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;77,336,160&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;253,741,144&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;237,140,036&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfDebtTableTextBlock>
  <us-gaap:ScheduleOfShortTermDebtTextBlock id="Tag1402" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group's short-term bank borrowing consisted of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Short-term bank borrowing guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xiang Xu&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;28,080,770&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;27,389,890&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;Short-term bank borrowing guaranteed by Daqo Group and&amp;#160;a third party&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;11,562,670&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;11,278,190&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;Short-term&amp;#160;credit bank borrowings&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&lt;font&gt;29,177,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&lt;font&gt;51,774,927&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;68,821,014&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;90,443,007&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfShortTermDebtTextBlock>
  <us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock id="Tag1403" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The principal maturities of these long-term bank borrowings as of December 31, 2014 are as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 85%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;strong&gt;December 31, 2014&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Amount&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 85%; background-color: #cceeff;"&gt;2015&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;69,360,869&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;2016&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;40,279,250&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;2017&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;37,056,910&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;146,697,029&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock>
  <us-gaap:LongTermDebt id="Tag1404" contextRef="C669244" unitRef="USD" decimals="0">7102783</us-gaap:LongTermDebt>
  <us-gaap:LongTermDebt id="Tag1405" contextRef="C669245" unitRef="USD" decimals="0">6444680</us-gaap:LongTermDebt>
  <us-gaap:LongTermDebt id="Tag1406" contextRef="C669246" unitRef="USD" decimals="0">35679096</us-gaap:LongTermDebt>
  <us-gaap:LongTermDebt id="Tag1407" contextRef="C669247" unitRef="USD" decimals="0">25778720</us-gaap:LongTermDebt>
  <us-gaap:LongTermDebt id="Tag1408" contextRef="C669248" unitRef="USD" decimals="0">123885750</us-gaap:LongTermDebt>
  <us-gaap:LongTermDebt id="Tag1409" contextRef="C669249" unitRef="USD" decimals="0">101503710</us-gaap:LongTermDebt>
  <us-gaap:DebtDisclosureTextBlock id="Tag1410" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div style="display: block;"&gt;
&lt;div style="display: block;"&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;8. BORROWINGS&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group's bank borrowings consisted of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Short-term bank borrowings&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;68,821,014&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;90,443,007&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;Long-term bank borrowings, current portion&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;50,049,843&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;69,360,869&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;Total borrowings, current&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;118,870,857&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;159,803,876&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;Long-term bank borrowings, non-current portion&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;134,870,287&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;77,336,160&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;253,741,144&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;strong&gt;&lt;font&gt;237,140,036&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&lt;strong&gt;Short-term bank borrowings&lt;/strong&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group's short-term bank borrowing consisted of the following:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; border-collapse: collapse;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"&gt;&lt;strong&gt;December 31,&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="background-color: #ffffff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2013&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"&gt;&lt;strong&gt;2014&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 70%; background-color: #cceeff;"&gt;Short-term bank borrowing guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xiang Xu&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;28,080,770&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;27,389,890&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px;"&gt;Short-term bank borrowing guaranteed by Daqo Group and&amp;#160;a third party&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;11,562,670&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;11,278,190&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;Short-term&amp;#160;credit bank borrowings&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&lt;font&gt;29,177,574&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"&gt;&lt;font&gt;51,774,927&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;68,821,014&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"&gt;&lt;strong&gt;&lt;font&gt;90,443,007&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&amp;#160;&lt;br/&gt;&lt;/div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The Group&amp;#160;had available credit of $&lt;font&gt;18.2&lt;/font&gt;&amp;#160;million and $&lt;font&gt;8.5&lt;/font&gt;&amp;#160;million under its short-term bank facilities with various banks as of December 31, 2013 and 2014, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;"&gt;The weight average interest rate on the short-term bank borrowing was &lt;font&gt;6.4&lt;/font&gt;% and &lt;font&gt;6.8&lt;/font&gt;% as of December 31, 2013 and 2014.&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px;"&gt;&lt;b&gt;Long-term bank borrowings&lt;/b&gt;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;&lt;br/&gt;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;The&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt; long-term bank borrowings, including current portion, as of December&amp;#160;31, 2013 and 2014 are comprised of&lt;/font&gt;:&amp;#160;&lt;/p&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div align="center"&gt;
&lt;div&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-family: 'Times New Roman', Times, serif; letter-spacing: normal; orphans: auto; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; width: 95%; margin-left: 0.100000001490116px; margin-right: 0.1px;" width="100%"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;December 31,&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; font-weight: bold;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;2013&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; font-weight: bold;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;2014&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; font-weight: bold;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="width: 551.671875px; text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Borrowing from China Construction Bank&lt;/td&gt;
&lt;td style="width: 9px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 9px; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="width: 120px; text-align: right;"&gt;&lt;font&gt;7,102,783&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 9px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 8px; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="width: 119px; text-align: right;"&gt;&lt;font&gt;6,444,680&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 8px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Borrowing from Huaxia Bank&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;35,679,096&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;25,778,720&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Borrowing from Bank of China&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;123,885,750&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;101,503,710&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt;"&gt;Borrowing from Chongqing Rural Commercial Bank&lt;/td&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right;"&gt;&lt;font&gt;18,252,501&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right;"&gt;&lt;font&gt;12,969,919&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt;"&gt;Total&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: right;"&gt;&lt;font&gt;184,920,130&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: right;"&gt;&lt;font&gt;146,697,029&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"&gt;&amp;#160; &amp;#160;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On January 21, 2009, Chongqing Daqo entered into a &lt;font&gt;six&lt;/font&gt;-year long term facility agreement with China Construction Bank. Such borrowing is restricted to the purchase of fixed assets and has a maximum borrowing credit amounted to $&lt;font&gt;64.4&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;400&lt;/font&gt; million), bearing a standard &lt;font&gt;five&lt;/font&gt;-year long term interest rate issued by People's Bank of China. The borrowing is guaranteed by Daqo Group and Mr. Guangfu Xu. As of December 31, 2014, Chongqing Daqo had drawn down $&lt;font&gt;64.4&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;400&lt;/font&gt; million) and had no facility available for future draw down. Chongqing Daqo had repaid $&lt;font&gt;58.0&lt;/font&gt; million (RMB&lt;font&gt;360&lt;/font&gt; million) as of December 31, 2014, and the remaining $&lt;font&gt;6.4&lt;/font&gt; million (RMB&lt;font&gt;40&lt;/font&gt; million) had also been repaid in January 2015. There are no financial covenants associated with the facility.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;"&gt;On September 28, 2011, Chongqing Daqo entered into a &lt;font&gt;four&lt;/font&gt;-year credit facility agreement with Huaxia Bank with maximum amount of $&lt;font&gt;64.4&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;400&lt;/font&gt; million). Chongqing Daqo drew down $&lt;font&gt;61.2&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;380&lt;/font&gt; million), including: $&lt;font&gt;20.9&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;130&lt;/font&gt; million) with fixed interest rate of &lt;font&gt;6.65&lt;/font&gt;%, which is designated for working capital and $&lt;font&gt;40.3&lt;/font&gt; million (RMB&lt;font&gt;250&lt;/font&gt; million) with fixed interest rate of &lt;font&gt;6.9&lt;/font&gt;% which is restricted to the purchase of fixed assets. Chongqing Daqo used the remaining facility of $&lt;font&gt;3.2&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;20&lt;/font&gt; million) through use of bank acceptance notes. As of December 31, 2014, Chongqing Daqo had repaid &lt;font&gt;38.7&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;240&lt;/font&gt; million) and had no facility available for future draw down. This credit facility is guaranteed by Daqo Group and also collateralized by Chongqing Daqo's land use right and plant amounting to $&lt;font&gt;8.7&lt;/font&gt;&amp;#160;million as of December 31, 2014.&amp;#160;The facility contains a financial covenant, and Chongqing Daqo was in compliance as of December 31, 2014.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;On September 30, 2011, Xinjiang Daqo entered into a &lt;font&gt;six&lt;/font&gt;-year bank borrowing agreement with Bank of China. Such borrowing is restricted to the purchase of fixed assets and has a maximum borrowing amount of $&lt;font&gt;120.8&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;750&lt;/font&gt; million) and bears interest at standard &lt;font&gt;five&lt;/font&gt;-year long term interest rate issued by People's Bank of China plus &lt;font&gt;5&lt;/font&gt;%. As of December 31, 2014, Xinjiang Daqo had drawn down $&lt;font&gt;120.8&lt;/font&gt;&amp;#160;million (RMB&lt;font&gt;750&lt;/font&gt; million) and repaid $&lt;font&gt;19.3&lt;/font&gt; million (RMB &lt;font&gt;120&lt;/font&gt; &lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;million) and had no facility available for future draw down. The borrowing is guaranteed by Daqo Group, Daqo New Material, two affiliated companies under Daqo Group and Mr.&amp;#160;Guangfu Xu.&amp;#160;On June 30, 2014, an amendment to this credit facility was signed between Xinjiang Daqo and Bank of China, under which machinery and equipment with a total carrying amount of&lt;/font&gt;&amp;#160;$&lt;font&gt;103.4&lt;/font&gt;&amp;#160;&lt;font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"&gt;million was pledged as collaterals for this credit facility. The borrowing contains a financial covenant, and Xinjiang Daqo was in compliance as of December 31, 2014.&lt;/font&gt;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;"&gt;On October 26, 2011, Chongqing Daqo entered into a &lt;font&gt;four&lt;/font&gt;-year credit facility agreement with Chongqing Rural Commercial Bank. Such borrowing is restricted to the purchase of fixed assets and has a maximum borrowing amount $&lt;font&gt;39.6&lt;/font&gt; million (RMB &lt;font&gt;245.5&lt;/font&gt; million) and bears interest at three to five-year long term interest rate issued by People's Bank of China plus &lt;font&gt;10&lt;/font&gt;%. The borrowing is guaranteed by Daqo Group, and two directors of the Company. As of December 31, 2014, Chongqing Daqo had drawn down $&lt;font&gt;39.6&lt;/font&gt;&amp;#160;million (RMB &lt;font&gt;245.5&lt;/font&gt;&amp;#160;million) and repaid $&lt;font&gt;26.6&lt;/font&gt;&amp;#160;million (RMB &lt;font&gt;165&lt;/font&gt; million) and had &lt;font&gt;no&lt;/font&gt; facility for future draw down. There are no financial covenants associated with the facility.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The weighted average interest rate as of December 31, 2013 and 2014 for the Group's long-term bank borrowings was &lt;font&gt;7.2&lt;/font&gt;% and &lt;font&gt;6.9&lt;/font&gt;%, respectively.&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"&gt;&amp;#160;&lt;/p&gt;
&lt;div&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;The principal maturities of these long-term bank borrowings as of December 31, 2014 are as follows:&lt;/p&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"&gt;&amp;#160;&lt;/p&gt;
&lt;div class="CursorPointer"&gt;
&lt;table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 85%;"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif;"&gt;&lt;strong&gt;December 31, 2014&lt;/strong&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/td&gt;
&lt;td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Amount&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 85%; background-color: #cceeff;"&gt;2015&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"&gt;&lt;font&gt;69,360,869&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;2016&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;font&gt;40,279,250&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;2017&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;font&gt;37,056,910&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td style="text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&lt;strong&gt;Total&lt;/strong&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"&gt;&lt;strong&gt;$&lt;/strong&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"&gt;&lt;strong&gt;&lt;font&gt;146,697,029&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;div class="CursorPointer"&gt;&lt;br/&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:DebtDisclosureTextBlock>
  <us-gaap:LineOfCreditFacilityInitiationDate1 id="Tag1411" contextRef="C49">2011-09-30</us-gaap:LineOfCreditFacilityInitiationDate1>
  <us-gaap:LineOfCreditFacilityInitiationDate1 id="Tag1412" contextRef="C50">2011-10-26</us-gaap:LineOfCreditFacilityInitiationDate1>
  <us-gaap:LineOfCreditFacilityInitiationDate1 id="Tag1413" contextRef="C51">2009-01-21</us-gaap:LineOfCreditFacilityInitiationDate1>
  <us-gaap:LineOfCreditFacilityInitiationDate1 id="Tag1414" contextRef="C52">2011-09-28</us-gaap:LineOfCreditFacilityInitiationDate1>
  <us-gaap:DebtInstrumentTerm id="Tag1415" contextRef="C51">P6Y</us-gaap:DebtInstrumentTerm>
  <us-gaap:DebtInstrumentTerm id="Tag1416" contextRef="C52">P4Y</us-gaap:DebtInstrumentTerm>
  <us-gaap:DebtInstrumentTerm id="Tag1417" contextRef="C49">P6Y</us-gaap:DebtInstrumentTerm>
  <us-gaap:DebtInstrumentTerm id="Tag1418" contextRef="C50">P4Y</us-gaap:DebtInstrumentTerm>
  <us-gaap:DebtInstrumentCollateralAmount id="Tag1419" contextRef="C622563" unitRef="USD" decimals="-5">103400000</us-gaap:DebtInstrumentCollateralAmount>
  <us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity id="Tag1420" contextRef="C127" unitRef="USD" xsi:nil="true" />
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1421" contextRef="C669309" unitRef="USD" decimals="-5">6400000</us-gaap:RepaymentsOfLinesOfCredit>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1422" contextRef="C669309" unitRef="CNY" decimals="-6">40000000</us-gaap:RepaymentsOfLinesOfCredit>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1423" contextRef="C49" unitRef="USD" decimals="-5">19300000</us-gaap:RepaymentsOfLinesOfCredit>
  <us-gaap:RepaymentsOfLinesOfCredit id="Tag1424" contextRef="C49" unitRef="CNY" decimals="-6">120000000</us-gaap:RepaymentsOfLinesOfCredit>
  <us-gaap:LongTermDebt id="Tag1425" contextRef="C669250" unitRef="USD" decimals="0">18252501</us-gaap:LongTermDebt>
  <us-gaap:LongTermDebt id="Tag1426" contextRef="C669251" unitRef="USD" decimals="0">12969919</us-gaap:LongTermDebt>
  <us-gaap:LongTermDebt id="Tag1427" contextRef="C669252" unitRef="USD" decimals="0">184920130</us-gaap:LongTermDebt>
  <us-gaap:LongTermDebt id="Tag1428" contextRef="C669253" unitRef="USD" decimals="0">146697029</us-gaap:LongTermDebt>
  <us-gaap:ScheduleOfDebtInstrumentsTextBlock id="Tag1429" contextRef="C5">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font-family: 'Times New Roman', Times, serif; letter-spacing: normal; orphans: auto; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; width: 95%; margin-left: 0.100000001490116px; margin-right: 0.1px;" width="100%"&gt;

&lt;tr style="vertical-align: bottom;"&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="6" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;December 31,&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; font-weight: bold;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom;"&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;2013&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; font-weight: bold;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"&gt;2014&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; font-weight: bold;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="width: 551.671875px; text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Borrowing from China Construction Bank&lt;/td&gt;
&lt;td style="width: 9px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 9px; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="width: 120px; text-align: right;"&gt;&lt;font&gt;7,102,783&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 9px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 8px; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="width: 119px; text-align: right;"&gt;&lt;font&gt;6,444,680&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 8px; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Borrowing from Huaxia Bank&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;35,679,096&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;25,778,720&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="text-align: left; text-indent: -10pt; padding-left: 10pt;"&gt;Borrowing from Bank of China&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;123,885,750&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right;"&gt;&lt;font&gt;101,503,710&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white;"&gt;
&lt;td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt;"&gt;Borrowing from Chongqing Rural Commercial Bank&lt;/td&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right;"&gt;&lt;font&gt;18,252,501&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="padding-bottom: 1pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right;"&gt;&lt;font&gt;12,969,919&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1pt; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #cceeff;"&gt;
&lt;td style="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt;"&gt;Total&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: right;"&gt;&lt;font&gt;184,920,130&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-weight: bold; padding-bottom: 2.5pt;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: left;"&gt;$&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: right;"&gt;&lt;font&gt;146,697,029&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent id="Tag1430" contextRef="C1" unitRef="USD" decimals="0">2588312</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent id="Tag1431" contextRef="C2" unitRef="USD" decimals="0">3309850</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:AccruedProfessionalFeesCurrent id="Tag1432" contextRef="C1" unitRef="USD" decimals="0">624825</us-gaap:AccruedProfessionalFeesCurrent>
  <us-gaap:AccruedProfessionalFeesCurrent id="Tag1433" contextRef="C2" unitRef="USD" decimals="0">576786</us-gaap:AccruedProfessionalFeesCurrent>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote30" xlink:role="http://www.xbrl.org/2003/role/footnote">Represents less than 10%</link:footnote>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote56" xlink:role="http://www.xbrl.org/2003/role/footnote">Pursuant to the terms of the Group's revised supply agreement with this customer the Group will deliver monthly amounts of polysilicon, totaling no less than RMB2.4 million (equivalent of $0.4 million) from April 2014 to September 2016, or until such time as the advance has been fully utilized.</link:footnote>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote2198" xlink:role="http://www.xbrl.org/2003/role/footnote">The remaining balance of amount due to related party of $734,201 as of December 31, 2014 was comprised of Zhenjiang Moeller, Intelligent Apparatus, Intelligent Software, Daqo Investment, Daqo Sailfar and Zhenjiang Daqo in the amount of $310,395, $302,807, $54,461, $5,360, $34, and $61,144, respectively.</link:footnote>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote2127" xlink:role="http://www.xbrl.org/2003/role/footnote">The transactions of $6,714,476 in 2014 were comprised of the purchase of fixed assets from Nanjing Daqo Electric, Nanjing Daqo Transformer, Jiangsu Daqo, Chongqing Daqo Tailai and Intelligence Apparatus in the amount of $763,856, $1,913,941, $1,165,346, $2,724,790 and $146,543, respectively.</link:footnote>
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Prepayment has been considered a related party loan given there has been no deliveries since the prepayment was provided
</link:footnote>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote12" xlink:role="http://www.xbrl.org/2003/role/footnote">The lease term was amended at the beginning of 2013 and reduced the rent to $0 per month and was later terminated on December 30, 2013.</link:footnote>
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    <link:footnote xlink:type="resource" xml:lang="en-US" xlink:label="footnote53" xlink:role="http://www.xbrl.org/2003/role/footnote">Represents less than 10%</link:footnote>
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<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>12
<FILENAME>dq-20141231.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
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        <link:definition>001 - Document - Document and Entity Information</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-cbs" id="dq-cbs">
        <link:definition>002 - Statement - CONSOLIDATED BALANCE SHEETS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-csoo" id="dq-csoo">
        <link:definition>004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>005 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</link:definition>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-csocf" id="dq-csocf">
        <link:definition>008 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-oapa" id="dq-oapa">
        <link:definition>101 - Disclosure - ORGANIZATION AND PRINCIPAL ACTIVITIES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-sopap" id="dq-sopap">
        <link:definition>102 - Disclosure - SUMMARY OF PRINCIPAL ACCOUNTING POLICIES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      </link:roleType>
      <link:roleType roleURI="http://www.dqsolar.com/role/dq-eada" id="dq-eada">
        <link:definition>103 - Disclosure - EXIT and DISPOSAL ACTIVITIES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.dqsolar.com/role/dq-afdr" id="dq-afdr">
        <link:definition>1042 - Disclosure - ALLOWANCES FOR DOUBTFUL RECEIVABLES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      </link:roleType>
      <link:roleType roleURI="http://www.dqsolar.com/role/dq-peaoca" id="dq-peaoca">
        <link:definition>105 - Disclosure - PREPAID EXPENSE AND OTHER CURRENT ASSETS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-i" id="dq-i">
        <link:definition>106 - Disclosure - INVENTORIES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.dqsolar.com/role/dq-ppaen" id="dq-ppaen">
        <link:definition>107 - Disclosure - PROPERTY, PLANT AND EQUIPMENT, NET</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-b" id="dq-b">
        <link:definition>108 - Disclosure - BORROWINGS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-aeaocl" id="dq-aeaocl">
        <link:definition>109 - Disclosure - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-afc" id="dq-afc">
        <link:definition>110 - Disclosure - ADVANCES FROM CUSTOMERS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      </link:roleType>
      <link:roleType roleURI="http://www.dqsolar.com/role/dq-fvm" id="dq-fvm">
        <link:definition>111 - Disclosure - FAIR VALUE MEASUREMENTS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      </link:roleType>
      <link:roleType roleURI="http://www.dqsolar.com/role/dq-mccpapa" id="dq-mccpapa">
        <link:definition>112 - Disclosure - MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION</link:definition>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-it" id="dq-it">
        <link:definition>113 - Disclosure - INCOME TAXES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-sbc" id="dq-sbc">
        <link:definition>114 - Disclosure - SHARE BASED COMPENSATION</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-rptab" id="dq-rptab">
        <link:definition>115 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-eps" id="dq-eps">
        <link:definition>116 - Disclosure - EARNINGS PER SHARE</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.dqsolar.com/role/Disclosure-COMMITMENTSANDCONTINGENCIES" id="Disclosure-COMMITMENTSANDCONTINGENCIES">
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-vie" id="dq-vie">
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-si" id="dq-si">
        <link:definition>119 - Disclosure - SEGMENT INFORMATION</link:definition>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-se" id="dq-se">
        <link:definition>120 - Disclosure - SUBSEQUENT EVENTS</link:definition>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-fssi" id="dq-fssi">
        <link:definition>121 - Disclosure - FINANCIAL STATEMENT SCHEDULE I</link:definition>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-sopapp" id="dq-sopapp">
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        <link:definition>302 - Disclosure - SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Tables)</link:definition>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-eadat" id="dq-eadat">
        <link:definition>303 - Disclosure - EXIT and DISPOSAL ACTIVITIES (Tables)</link:definition>
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      </link:roleType>
      <link:roleType roleURI="http://www.dqsolar.com/role/dq-peaocat" id="dq-peaocat">
        <link:definition>305 - Disclosure - PREPAID EXPENSE AND OTHER CURRENT ASSETS (Tables)</link:definition>
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      <link:roleType roleURI="http://www.dqsolar.com/role/dq-it1" id="dq-it1">
        <link:definition>306 - Disclosure - INVENTORIES (Tables)</link:definition>
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  <xsd:element name="AverageProductionCostOfPolysilicon" id="dq_AverageProductionCostOfPolysilicon" type="us-types:perUnitItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInAdvancePayments" id="dq_IncreaseDecreaseInAdvancePayments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInPrepaidExpensesNoncurrent" id="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInAccruedWarrantyExpense" id="dq_IncreaseDecreaseInAccruedWarrantyExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SupplementalCashFlowInformationDivestituresConsiderationReceived" id="dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SupplementalNonCashInvestingActivities" id="dq_SupplementalNonCashInvestingActivities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NanjingDaqoMember" id="dq_NanjingDaqoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SubsidiesPayableCurrent" id="dq_SubsidiesPayableCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="AccountingPoliciesLineItems" id="dq_AccountingPoliciesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AccountingPoliciesTable" id="dq_AccountingPoliciesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" id="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="BankOfChinaMember" id="dq_BankOfChinaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BinomialOptionPricingModelExerciseMultiple" id="dq_BinomialOptionPricingModelExerciseMultiple" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BinomialOptionPricingModelPostVestingForfeitureRate" id="dq_BinomialOptionPricingModelPostVestingForfeitureRate" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="CapitalContributedToSubsidiaries" id="dq_CapitalContributedToSubsidiaries" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="CapitalConversionMember" id="dq_CapitalConversionMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CapitalLeasesMonthlyPayment" id="dq_CapitalLeasesMonthlyPayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="CashPaymentsForTransactionsMember" id="dq_CashPaymentsForTransactionsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CashProceedsFromTransactionsMember" id="dq_CashProceedsFromTransactionsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChinaConstructionBankMember" id="dq_ChinaConstructionBankMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChongqingDaqoNewEnergyCoLtdMember" id="dq_ChongqingDaqoNewEnergyCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChongqingRuralCommercialBankMember" id="dq_ChongqingRuralCommercialBankMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CommonStockOutstandingMember" id="dq_CommonStockOutstandingMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerBMember" id="dq_CustomerBMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerCMember" id="dq_CustomerCMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerDMember" id="dq_CustomerDMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerEMember" id="dq_CustomerEMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerFMember" id="dq_CustomerFMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerGMember" id="dq_CustomerGMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerHMember" id="dq_CustomerHMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerIMember" id="dq_CustomerIMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerJMember" id="dq_CustomerJMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerKMember" id="dq_CustomerKMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerLMember" id="dq_CustomerLMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerMember" id="dq_CustomerMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DaqoGroupMember" id="dq_DaqoGroupMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DaqoNewMaterialCoLtdMember" id="dq_DaqoNewMaterialCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DaqoNewMaterialMember" id="dq_DaqoNewMaterialMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DaqoSolarCoLtdMember" id="dq_DaqoSolarCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DaqoXinjiangInvestmentCoLtdMember" id="dq_DaqoXinjiangInvestmentCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" id="dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebtGuaranteedByDaqoGroupAndThirdPartyMember" id="dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebtGuaranteedByDaqoGroupMember" id="dq_DebtGuaranteedByDaqoGroupMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DispositionOfSubsidiaryMember" id="dq_DispositionOfSubsidiaryMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DocumentDocumentandEntityInformationAbstract" id="dq_DocumentDocumentandEntityInformationAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FacilityOneMember" id="dq_FacilityOneMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FacilityTwoMember" id="dq_FacilityTwoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GovernmentGrantsAndSubsidiesAbstract" id="dq_GovernmentGrantsAndSubsidiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantsRecognizedAsOffsetToDepreciation" id="dq_GrantsRecognizedAsOffsetToDepreciation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="GrantsRelatedToAssetsReceived" id="dq_GrantsRelatedToAssetsReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="HuaxiaBankMember" id="dq_HuaxiaBankMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInReceivablesFromInvestees" id="dq_IncreaseDecreaseInReceivablesFromInvestees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IndependentDirectorsMember" id="dq_IndependentDirectorsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LandUseRightsAcquired" id="dq_LandUseRightsAcquired" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="LesseeLeasingArrangementsOperatingLeasesAnnualPayment" id="dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LoanExtendedMember" id="dq_LoanExtendedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NoncashFinancingActivitiesAbstract" id="dq_NoncashFinancingActivitiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NoncashInvestingActivitiesAbstract" id="dq_NoncashInvestingActivitiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OptionsGrantedApril3Member" id="dq_OptionsGrantedApril3Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OptionsGrantedPeriodFourMember" id="dq_OptionsGrantedPeriodFourMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OptionsGrantedPeriodOneMember" id="dq_OptionsGrantedPeriodOneMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OptionsGrantedPeriodThreeMember" id="dq_OptionsGrantedPeriodThreeMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OptionsGrantedPeriodTwoMember" id="dq_OptionsGrantedPeriodTwoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherCustomersMember" id="dq_OtherCustomersMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherItemsDisclosureTextBlock" id="dq_OtherItemsDisclosureTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="OtherSubsidiariesOfDaqoGroupMember" id="dq_OtherSubsidiariesOfDaqoGroupMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PaymentsForFinancingTransactionMember" id="dq_PaymentsForFinancingTransactionMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PolysiliconMember" id="dq_PolysiliconMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PrepaymentReceivedMember" id="dq_PrepaymentReceivedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ProceedsFromFinancingTransactionMember" id="dq_ProceedsFromFinancingTransactionMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ProcessingFeesMember" id="dq_ProcessingFeesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PurchasesOfFixedAssetsMember" id="dq_PurchasesOfFixedAssetsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PurchasesOfRawMaterialsMember" id="dq_PurchasesOfRawMaterialsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RelevantEmployeesAndExecutiveOfficersMember" id="dq_RelevantEmployeesAndExecutiveOfficersMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RentalExpensesMember" id="dq_RentalExpensesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfRelatedPartyBalancesLoansTableTextBlock" id="dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" id="dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ServiceExpensesMember" id="dq_ServiceExpensesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" id="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" id="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ShortTermLoanRenewals" id="dq_ShortTermLoanRenewals" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="SignificantProductionAssetsMember" id="dq_SignificantProductionAssetsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SupplementalCashFlowInformationDivestituresAbstract" id="dq_SupplementalCashFlowInformationDivestituresAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UnrestrictedCashSubsidies" id="dq_UnrestrictedCashSubsidies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ValueOfEquipmentReceived" id="dq_ValueOfEquipmentReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="VestingInFirstSixMonthsMember" id="dq_VestingInFirstSixMonthsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="VestingInstallmentsDuringVestingPeriod" id="dq_VestingInstallmentsDuringVestingPeriod" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="VestingInYearOneMember" id="dq_VestingInYearOneMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="VestingInYearThreeMember" id="dq_VestingInYearThreeMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="VestingInYearTwoMember" id="dq_VestingInYearTwoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="WaferMember" id="dq_WaferMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="XinjiangDaqoNewEnergyCoLtdMember" id="dq_XinjiangDaqoNewEnergyCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ZhengjiangDaqoSolarCoLtdMember" id="dq_ZhengjiangDaqoSolarCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DepreciableAssetMember" id="dq_DepreciableAssetMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NonrelatedPartyMember" id="dq_NonrelatedPartyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ServiceMember" id="dq_ServiceMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ExpectedPlantCapacity" id="dq_ExpectedPlantCapacity" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="AverageCashCostOfPolysilicon" id="dq_AverageCashCostOfPolysilicon" type="us-types:perUnitItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DepositarySharesIssuedDuringPeriodShares" id="dq_DepositarySharesIssuedDuringPeriodShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ElectricityFeesMember" id="dq_ElectricityFeesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PropertyPlantAndEquipmentRelocated" id="dq_PropertyPlantAndEquipmentRelocated" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PropertyPlantAndEquipmentYetToBeRelocated" id="dq_PropertyPlantAndEquipmentYetToBeRelocated" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" id="dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" id="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="OptionsGrantedJanuary28Member" id="dq_OptionsGrantedJanuary28Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="JiangsuDaqoMember" id="dq_JiangsuDaqoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NanjingDaqoBianyaqiMember" id="dq_NanjingDaqoBianyaqiMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChongqingDaqoTailaiMember" id="dq_ChongqingDaqoTailaiMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DaqoTransformerMember" id="dq_DaqoTransformerMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NanjingDaqoElectricMember" id="dq_NanjingDaqoElectricMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DaqoTailaiMember" id="dq_DaqoTailaiMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ShortTermCreditBorrowingsMember" id="dq_ShortTermCreditBorrowingsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PinganBankMember" id="dq_PinganBankMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" id="dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NanjingIntelligentApparatusCoLtdMember" id="dq_NanjingIntelligentApparatusCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NanjingIntelligentSoftwareCoLtdMember" id="dq_NanjingIntelligentSoftwareCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DaqoInvestmentCoLtdMember" id="dq_DaqoInvestmentCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ShanghaiSailfarElectricTechnologyCoLtdMember" id="dq_ShanghaiSailfarElectricTechnologyCoLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>13
<FILENAME>dq-20141231_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!--Created by The Vintage Group, Powered by IRIS Carbon-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-aeaocld" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-aeaocld" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-afcd" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-afcd" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-bsobbd" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-bsobbd" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-bsopmobbd" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-bsopmobbd" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-cbs" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-cbs" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/Disclosure-COMMITMENTSANDCONTINGENCIESDetails" xlink:type="simple" xlink:href="dq-20141231.xsd#Disclosure-COMMITMENTSANDCONTINGENCIESDetails" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-csocf" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-csocf" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/Statement-CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVELOSSINCOME" xlink:type="simple" xlink:href="dq-20141231.xsd#Statement-CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVELOSSINCOME" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-csoo" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-csoo" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-eadad" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-eadad" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-epsd" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-epsd" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-fssibsd" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-fssibsd" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-fssisocfd" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-fssisocfd" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-fssisooacild" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-fssisooacild" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-id" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-id" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-itsoditaald" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-itsoditaald" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-itsoeitrd" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-itsoeitrd" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-itsoited" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-itsoited" />
  <link:roleRef roleURI="http://www.dqsolar.com/role/dq-peaocad" xlink:type="simple" xlink:href="dq-20141231.xsd#dq-peaocad" />
  <link:calculationLink xlink:type="extended" xlink:role="http://www.dqsolar.com/role/dq-aeaocld">
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:label="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:title="dq_AccruedExpensesAndOtherCurrentLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SalesAndExciseTaxPayableCurrent" xlink:label="us-gaap_SalesAndExciseTaxPayableCurrent" xlink:title="us-gaap_SalesAndExciseTaxPayableCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="us-gaap_SalesAndExciseTaxPayableCurrent" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to us-gaap_SalesAndExciseTaxPayableCurrent" order="1" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:title="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" order="2" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:title="us-gaap_EmployeeRelatedLiabilitiesCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to us-gaap_EmployeeRelatedLiabilitiesCurrent" order="3" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccruedProfessionalFeesCurrent" xlink:label="us-gaap_AccruedProfessionalFeesCurrent" xlink:title="us-gaap_AccruedProfessionalFeesCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="us-gaap_AccruedProfessionalFeesCurrent" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to us-gaap_AccruedProfessionalFeesCurrent" order="4" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DepositLiabilityCurrent" xlink:label="us-gaap_DepositLiabilityCurrent" xlink:title="us-gaap_DepositLiabilityCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="us-gaap_DepositLiabilityCurrent" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to us-gaap_DepositLiabilityCurrent" order="5" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPayableCurrent" xlink:label="us-gaap_InterestPayableCurrent" xlink:title="us-gaap_InterestPayableCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="us-gaap_InterestPayableCurrent" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to us-gaap_InterestPayableCurrent" order="6" weight="1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_SubsidiesPayableCurrent" xlink:label="dq_SubsidiesPayableCurrent" xlink:title="dq_SubsidiesPayableCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="dq_SubsidiesPayableCurrent" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to dq_SubsidiesPayableCurrent" order="7" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAccountsPayableAndAccruedLiabilities" xlink:label="us-gaap_OtherAccountsPayableAndAccruedLiabilities" xlink:title="us-gaap_OtherAccountsPayableAndAccruedLiabilities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="us-gaap_OtherAccountsPayableAndAccruedLiabilities" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to us-gaap_OtherAccountsPayableAndAccruedLiabilities" order="8" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue" xlink:label="us-gaap_LossContingencyAccrualAtCarryingValue" xlink:title="us-gaap_LossContingencyAccrualAtCarryingValue" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="us-gaap_LossContingencyAccrualAtCarryingValue" xlink:title="Calculation : dq_AccruedExpensesAndOtherCurrentLiabilities to us-gaap_LossContingencyAccrualAtCarryingValue" order="18" weight="1" use="optional" />
  </link:calculationLink>
  <link:calculationLink xlink:type="extended" xlink:role="http://www.dqsolar.com/role/dq-afcd">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CustomerAdvancesAndDeposits" xlink:label="us-gaap_CustomerAdvancesAndDeposits" xlink:title="us-gaap_CustomerAdvancesAndDeposits" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CustomerAdvancesNoncurrent" xlink:label="us-gaap_CustomerAdvancesNoncurrent" xlink:title="us-gaap_CustomerAdvancesNoncurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CustomerAdvancesAndDeposits" xlink:to="us-gaap_CustomerAdvancesNoncurrent" xlink:title="Calculation : us-gaap_CustomerAdvancesAndDeposits to us-gaap_CustomerAdvancesNoncurrent" order="1" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CustomerAdvancesCurrent" xlink:label="us-gaap_CustomerAdvancesCurrent" xlink:title="us-gaap_CustomerAdvancesCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CustomerAdvancesAndDeposits" xlink:to="us-gaap_CustomerAdvancesCurrent" xlink:title="Calculation : us-gaap_CustomerAdvancesAndDeposits to us-gaap_CustomerAdvancesCurrent" order="2" weight="1" />
  </link:calculationLink>
  <link:calculationLink xlink:type="extended" xlink:role="http://www.dqsolar.com/role/dq-bsobbd">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:title="us-gaap_DebtLongtermAndShorttermCombinedAmount" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtCurrent" xlink:label="us-gaap_DebtCurrent" xlink:title="us-gaap_DebtCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:to="us-gaap_DebtCurrent" xlink:title="Calculation : us-gaap_DebtLongtermAndShorttermCombinedAmount to us-gaap_DebtCurrent" order="1" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShortTermBankLoansAndNotesPayable" xlink:label="us-gaap_ShortTermBankLoansAndNotesPayable" xlink:title="us-gaap_ShortTermBankLoansAndNotesPayable" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_DebtCurrent" xlink:to="us-gaap_ShortTermBankLoansAndNotesPayable" xlink:title="Calculation : us-gaap_DebtCurrent to us-gaap_ShortTermBankLoansAndNotesPayable" order="1" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent" xlink:title="us-gaap_LongTermDebtNoncurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:to="us-gaap_LongTermDebtNoncurrent" xlink:title="Calculation : us-gaap_DebtLongtermAndShorttermCombinedAmount to us-gaap_LongTermDebtNoncurrent" order="2" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherShortTermBorrowings" xlink:label="us-gaap_OtherShortTermBorrowings" xlink:title="us-gaap_OtherShortTermBorrowings" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_DebtCurrent" xlink:to="us-gaap_OtherShortTermBorrowings" xlink:title="Calculation : us-gaap_DebtCurrent to us-gaap_OtherShortTermBorrowings" order="2" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent" xlink:title="us-gaap_LongTermDebtCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_DebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent" xlink:title="Calculation : us-gaap_DebtCurrent to us-gaap_LongTermDebtCurrent" order="3" weight="1" />
  </link:calculationLink>
  <link:calculationLink xlink:type="extended" xlink:role="http://www.dqsolar.com/role/dq-bsopmobbd">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt" xlink:title="us-gaap_LongTermDebt" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:title="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:title="Calculation : us-gaap_LongTermDebt to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" order="1" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:title="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:title="Calculation : us-gaap_LongTermDebt to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" order="4" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:title="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:title="Calculation : us-gaap_LongTermDebt to us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" order="5" weight="1" />
  </link:calculationLink>
  <link:calculationLink xlink:type="extended" xlink:role="http://www.dqsolar.com/role/dq-cbs">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" xlink:title="us-gaap_Assets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_Assets" xlink:to="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="Calculation : us-gaap_Assets to us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" order="1" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" xlink:title="us-gaap_AssetsCurrent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdvancesOnInventoryPurchases" xlink:label="us-gaap_AdvancesOnInventoryPurchases" xlink:title="us-gaap_AdvancesOnInventoryPurchases" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AdvancesOnInventoryPurchases" xlink:title="Calculation : us-gaap_AssetsCurrent to us-gaap_AdvancesOnInventoryPurchases" order="1" weight="1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent" xlink:title="us-gaap_LiabilitiesCurrent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableCurrent" xlink:label="us-gaap_NotesPayableCurrent" xlink:title="us-gaap_NotesPayableCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_NotesPayableCurrent" xlink:title="Calculation : us-gaap_LiabilitiesCurrent to us-gaap_NotesPayableCurrent" order="1" weight="1" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_1" xlink:title="us-gaap_PropertyPlantAndEquipmentTypeDomain" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain_1" xlink:title="Definition : us-gaap_PropertyPlantAndEquipmentByTypeAxis to us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="arc" use="optional" order="11" />
  </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>15
<FILENAME>dq-20141231_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!--Created by The Vintage Group, Powered by IRIS Carbon-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" />
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:label="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:title="dq_AccruedExpensesAndOtherCurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_AccruedExpensesAndOtherCurrentLiabilities" xml:lang="en-US" id="label_dq_AccruedExpensesAndOtherCurrentLiabilities">Accrued expenses and other current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="label_dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:title="Label : dq_AccruedExpensesAndOtherCurrentLiabilities to label_dq_AccruedExpensesAndOtherCurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccruedExpensesAndOtherCurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_AccruedExpensesAndOtherCurrentLiabilities_1" xml:lang="en-US" id="label_dq_AccruedExpensesAndOtherCurrentLiabilities_1">Accrued Expenses And Other Current Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="label_dq_AccruedExpensesAndOtherCurrentLiabilities_1" xlink:title="Label : dq_AccruedExpensesAndOtherCurrentLiabilities to label_dq_AccruedExpensesAndOtherCurrentLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccruedExpensesAndOtherCurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_dq_AccruedExpensesAndOtherCurrentLiabilities_2" xml:lang="en-US" id="label_dq_AccruedExpensesAndOtherCurrentLiabilities_2">Accrued expenses and other current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="label_dq_AccruedExpensesAndOtherCurrentLiabilities_2" xlink:title="Label : dq_AccruedExpensesAndOtherCurrentLiabilities to label_dq_AccruedExpensesAndOtherCurrentLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccruedExpensesAndOtherCurrentLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_AccruedExpensesAndOtherCurrentLiabilities_3" xml:lang="en-US" id="label_dq_AccruedExpensesAndOtherCurrentLiabilities_3">Accrued expenses and other current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="label_dq_AccruedExpensesAndOtherCurrentLiabilities_3" xlink:title="Label : dq_AccruedExpensesAndOtherCurrentLiabilities to label_dq_AccruedExpensesAndOtherCurrentLiabilities_3" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccruedExpensesAndOtherCurrentLiabilities_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_dq_AccruedExpensesAndOtherCurrentLiabilities_4" xml:lang="en-US" id="label_dq_AccruedExpensesAndOtherCurrentLiabilities_4">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccruedExpensesAndOtherCurrentLiabilities" xlink:to="label_dq_AccruedExpensesAndOtherCurrentLiabilities_4" xlink:title="Label : dq_AccruedExpensesAndOtherCurrentLiabilities to label_dq_AccruedExpensesAndOtherCurrentLiabilities_4" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PrepaidLandUseRightsPolicyTextBlock" xlink:label="dq_PrepaidLandUseRightsPolicyTextBlock" xlink:title="dq_PrepaidLandUseRightsPolicyTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_PrepaidLandUseRightsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_PrepaidLandUseRightsPolicyTextBlock" xml:lang="en-US" id="label_dq_PrepaidLandUseRightsPolicyTextBlock">Prepaid Land Use Rights Policy Text Block.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PrepaidLandUseRightsPolicyTextBlock" xlink:to="label_dq_PrepaidLandUseRightsPolicyTextBlock" xlink:title="Label : dq_PrepaidLandUseRightsPolicyTextBlock to label_dq_PrepaidLandUseRightsPolicyTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_PrepaidLandUseRightsPolicyTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PrepaidLandUseRightsPolicyTextBlock_1" xml:lang="en-US" id="label_dq_PrepaidLandUseRightsPolicyTextBlock_1">Prepaid Land Use Rights [Policy Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PrepaidLandUseRightsPolicyTextBlock" xlink:to="label_dq_PrepaidLandUseRightsPolicyTextBlock_1" xlink:title="Label : dq_PrepaidLandUseRightsPolicyTextBlock to label_dq_PrepaidLandUseRightsPolicyTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_PrepaidLandUseRightsPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_PrepaidLandUseRightsPolicyTextBlock_2" xml:lang="en-US" id="label_dq_PrepaidLandUseRightsPolicyTextBlock_2">Prepaid land use rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PrepaidLandUseRightsPolicyTextBlock" xlink:to="label_dq_PrepaidLandUseRightsPolicyTextBlock_2" xlink:title="Label : dq_PrepaidLandUseRightsPolicyTextBlock to label_dq_PrepaidLandUseRightsPolicyTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" xlink:label="dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" xlink:title="dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" xml:lang="en-US" id="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock">Tabular disclosure of the estimated useful lives of property and equipment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" xlink:to="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" xlink:title="Label : dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock to label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_1" xml:lang="en-US" id="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_1">Schedule of Property Plant and Equipment Depreciation Estimated Lives [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" xlink:to="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_1" xlink:title="Label : dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock to label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_2" xml:lang="en-US" id="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_2">Schedule of Property, Plant and Equipment, Depreciation, Estimated Lives</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock" xlink:to="label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_2" xlink:title="Label : dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock to label_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_AverageSellingPriceOfPolysilicon" xlink:label="dq_AverageSellingPriceOfPolysilicon" xlink:title="dq_AverageSellingPriceOfPolysilicon" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageSellingPriceOfPolysilicon" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_AverageSellingPriceOfPolysilicon" xml:lang="en-US" id="label_dq_AverageSellingPriceOfPolysilicon">Average Selling Price Of Polysilicon.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageSellingPriceOfPolysilicon" xlink:to="label_dq_AverageSellingPriceOfPolysilicon" xlink:title="Label : dq_AverageSellingPriceOfPolysilicon to label_dq_AverageSellingPriceOfPolysilicon" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageSellingPriceOfPolysilicon_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_AverageSellingPriceOfPolysilicon_1" xml:lang="en-US" id="label_dq_AverageSellingPriceOfPolysilicon_1">Average Selling Price Of Polysilicon</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageSellingPriceOfPolysilicon" xlink:to="label_dq_AverageSellingPriceOfPolysilicon_1" xlink:title="Label : dq_AverageSellingPriceOfPolysilicon to label_dq_AverageSellingPriceOfPolysilicon_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageSellingPriceOfPolysilicon_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_AverageSellingPriceOfPolysilicon_2" xml:lang="en-US" id="label_dq_AverageSellingPriceOfPolysilicon_2">Average selling price ("ASP") of polysilicon</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageSellingPriceOfPolysilicon" xlink:to="label_dq_AverageSellingPriceOfPolysilicon_2" xlink:title="Label : dq_AverageSellingPriceOfPolysilicon to label_dq_AverageSellingPriceOfPolysilicon_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_WorkingCapital" xlink:label="dq_WorkingCapital" xlink:title="dq_WorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_dq_WorkingCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_WorkingCapital" xml:lang="en-US" id="label_dq_WorkingCapital">Working Capital.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_WorkingCapital" xlink:to="label_dq_WorkingCapital" xlink:title="Label : dq_WorkingCapital to label_dq_WorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_dq_WorkingCapital_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_WorkingCapital_1" xml:lang="en-US" id="label_dq_WorkingCapital_1">Working Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_WorkingCapital" xlink:to="label_dq_WorkingCapital_1" xlink:title="Label : dq_WorkingCapital to label_dq_WorkingCapital_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_WorkingCapital_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_WorkingCapital_2" xml:lang="en-US" id="label_dq_WorkingCapital_2">Working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_WorkingCapital" xlink:to="label_dq_WorkingCapital_2" xlink:title="Label : dq_WorkingCapital to label_dq_WorkingCapital_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_AverageProductionCostOfPolysilicon" xlink:label="dq_AverageProductionCostOfPolysilicon" xlink:title="dq_AverageProductionCostOfPolysilicon" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageProductionCostOfPolysilicon" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_AverageProductionCostOfPolysilicon" xml:lang="en-US" id="label_dq_AverageProductionCostOfPolysilicon">Average Production Cost Of Polysilicon.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageProductionCostOfPolysilicon" xlink:to="label_dq_AverageProductionCostOfPolysilicon" xlink:title="Label : dq_AverageProductionCostOfPolysilicon to label_dq_AverageProductionCostOfPolysilicon" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageProductionCostOfPolysilicon_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_AverageProductionCostOfPolysilicon_1" xml:lang="en-US" id="label_dq_AverageProductionCostOfPolysilicon_1">Average Production Cost Of Polysilicon</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageProductionCostOfPolysilicon" xlink:to="label_dq_AverageProductionCostOfPolysilicon_1" xlink:title="Label : dq_AverageProductionCostOfPolysilicon to label_dq_AverageProductionCostOfPolysilicon_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageProductionCostOfPolysilicon_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_AverageProductionCostOfPolysilicon_2" xml:lang="en-US" id="label_dq_AverageProductionCostOfPolysilicon_2">Average production cost of polysilicon</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageProductionCostOfPolysilicon" xlink:to="label_dq_AverageProductionCostOfPolysilicon_2" xlink:title="Label : dq_AverageProductionCostOfPolysilicon to label_dq_AverageProductionCostOfPolysilicon_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_IncreaseDecreaseInAdvancePayments" xlink:label="dq_IncreaseDecreaseInAdvancePayments" xlink:title="dq_IncreaseDecreaseInAdvancePayments" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInAdvancePayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_IncreaseDecreaseInAdvancePayments" xml:lang="en-US" id="label_dq_IncreaseDecreaseInAdvancePayments">Increase (Decrease) in Advance Payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInAdvancePayments" xlink:to="label_dq_IncreaseDecreaseInAdvancePayments" xlink:title="Label : dq_IncreaseDecreaseInAdvancePayments to label_dq_IncreaseDecreaseInAdvancePayments" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInAdvancePayments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_IncreaseDecreaseInAdvancePayments_1" xml:lang="en-US" id="label_dq_IncreaseDecreaseInAdvancePayments_1">Increase Decrease In Advance Payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInAdvancePayments" xlink:to="label_dq_IncreaseDecreaseInAdvancePayments_1" xlink:title="Label : dq_IncreaseDecreaseInAdvancePayments to label_dq_IncreaseDecreaseInAdvancePayments_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInAdvancePayments_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_dq_IncreaseDecreaseInAdvancePayments_2" xml:lang="en-US" id="label_dq_IncreaseDecreaseInAdvancePayments_2">Advances to suppliers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInAdvancePayments" xlink:to="label_dq_IncreaseDecreaseInAdvancePayments_2" xlink:title="Label : dq_IncreaseDecreaseInAdvancePayments to label_dq_IncreaseDecreaseInAdvancePayments_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" xlink:label="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" xlink:title="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" xml:lang="en-US" id="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent">The net change during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods, after one year or beyond the operating cycle, if longer..</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" xlink:to="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" xlink:title="Label : dq_IncreaseDecreaseInPrepaidExpensesNoncurrent to label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_1" xml:lang="en-US" id="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_1">Increase Decrease In Prepaid Expenses Noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" xlink:to="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_1" xlink:title="Label : dq_IncreaseDecreaseInPrepaidExpensesNoncurrent to label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_2" xml:lang="en-US" id="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_2">Prepaid land use rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" xlink:to="label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_2" xlink:title="Label : dq_IncreaseDecreaseInPrepaidExpensesNoncurrent to label_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_IncreaseDecreaseInAccruedWarrantyExpense" xlink:label="dq_IncreaseDecreaseInAccruedWarrantyExpense" xlink:title="dq_IncreaseDecreaseInAccruedWarrantyExpense" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInAccruedWarrantyExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_IncreaseDecreaseInAccruedWarrantyExpense" xml:lang="en-US" id="label_dq_IncreaseDecreaseInAccruedWarrantyExpense">Increase Decrease In Accrued Warranty Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInAccruedWarrantyExpense" xlink:to="label_dq_IncreaseDecreaseInAccruedWarrantyExpense" xlink:title="Label : dq_IncreaseDecreaseInAccruedWarrantyExpense to label_dq_IncreaseDecreaseInAccruedWarrantyExpense" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInAccruedWarrantyExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_IncreaseDecreaseInAccruedWarrantyExpense_1" xml:lang="en-US" id="label_dq_IncreaseDecreaseInAccruedWarrantyExpense_1">Increase Decrease In Accrued Warranty Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInAccruedWarrantyExpense" xlink:to="label_dq_IncreaseDecreaseInAccruedWarrantyExpense_1" xlink:title="Label : dq_IncreaseDecreaseInAccruedWarrantyExpense to label_dq_IncreaseDecreaseInAccruedWarrantyExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInAccruedWarrantyExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_IncreaseDecreaseInAccruedWarrantyExpense_2" xml:lang="en-US" id="label_dq_IncreaseDecreaseInAccruedWarrantyExpense_2">Accrued warranty cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInAccruedWarrantyExpense" xlink:to="label_dq_IncreaseDecreaseInAccruedWarrantyExpense_2" xlink:title="Label : dq_IncreaseDecreaseInAccruedWarrantyExpense to label_dq_IncreaseDecreaseInAccruedWarrantyExpense_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" xlink:label="dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" xlink:title="dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" />
    <link:label xlink:type="resource" xlink:label="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" xml:lang="en-US" id="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived">Supplemental Cash Flow Information, Divestitures, Consideration Received.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" xlink:to="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" xlink:title="Label : dq_SupplementalCashFlowInformationDivestituresConsiderationReceived to label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" />
    <link:label xlink:type="resource" xlink:label="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_1" xml:lang="en-US" id="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_1">Supplemental Cash Flow Information Divestitures Consideration Received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" xlink:to="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_1" xlink:title="Label : dq_SupplementalCashFlowInformationDivestituresConsiderationReceived to label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_2" xml:lang="en-US" id="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_2">Total consideration</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SupplementalCashFlowInformationDivestituresConsiderationReceived" xlink:to="label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_2" xlink:title="Label : dq_SupplementalCashFlowInformationDivestituresConsiderationReceived to label_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_SupplementalNonCashInvestingActivities" xlink:label="dq_SupplementalNonCashInvestingActivities" xlink:title="dq_SupplementalNonCashInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_dq_SupplementalNonCashInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_SupplementalNonCashInvestingActivities" xml:lang="en-US" id="label_dq_SupplementalNonCashInvestingActivities">Supplemental Non Cash Investing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SupplementalNonCashInvestingActivities" xlink:to="label_dq_SupplementalNonCashInvestingActivities" xlink:title="Label : dq_SupplementalNonCashInvestingActivities to label_dq_SupplementalNonCashInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_dq_SupplementalNonCashInvestingActivities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_SupplementalNonCashInvestingActivities_1" xml:lang="en-US" id="label_dq_SupplementalNonCashInvestingActivities_1">Supplemental Non Cash Investing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SupplementalNonCashInvestingActivities" xlink:to="label_dq_SupplementalNonCashInvestingActivities_1" xlink:title="Label : dq_SupplementalNonCashInvestingActivities to label_dq_SupplementalNonCashInvestingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_SupplementalNonCashInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_SupplementalNonCashInvestingActivities_2" xml:lang="en-US" id="label_dq_SupplementalNonCashInvestingActivities_2">Balance netting-off agreements with different subsidiaries of Daqo Group</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SupplementalNonCashInvestingActivities" xlink:to="label_dq_SupplementalNonCashInvestingActivities_2" xlink:title="Label : dq_SupplementalNonCashInvestingActivities to label_dq_SupplementalNonCashInvestingActivities_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xlink:title="dei_AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="label_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_AmendmentFlag" xml:lang="en-US" id="label_dei_AmendmentFlag">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="label_dei_AmendmentFlag" xlink:title="Label : dei_AmendmentFlag to label_dei_AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="label_dei_AmendmentFlag_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_AmendmentFlag_1" xml:lang="en-US" id="label_dei_AmendmentFlag_1">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="label_dei_AmendmentFlag_1" xlink:title="Label : dei_AmendmentFlag to label_dei_AmendmentFlag_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_NanjingDaqoMember" xlink:label="dq_NanjingDaqoMember" xlink:title="dq_NanjingDaqoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_NanjingDaqoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_NanjingDaqoMember" xml:lang="en-US" id="label_dq_NanjingDaqoMember">Nanjing Daqo [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingDaqoMember" xlink:to="label_dq_NanjingDaqoMember" xlink:title="Label : dq_NanjingDaqoMember to label_dq_NanjingDaqoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_NanjingDaqoMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_NanjingDaqoMember_1" xml:lang="en-US" id="label_dq_NanjingDaqoMember_1">Nanjing Daqo [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingDaqoMember" xlink:to="label_dq_NanjingDaqoMember_1" xlink:title="Label : dq_NanjingDaqoMember to label_dq_NanjingDaqoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_NanjingDaqoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_NanjingDaqoMember_2" xml:lang="en-US" id="label_dq_NanjingDaqoMember_2">Nanjing Daqo [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingDaqoMember" xlink:to="label_dq_NanjingDaqoMember_2" xlink:title="Label : dq_NanjingDaqoMember to label_dq_NanjingDaqoMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_SubsidiesPayableCurrent" xlink:label="dq_SubsidiesPayableCurrent" xlink:title="dq_SubsidiesPayableCurrent" />
    <link:label xlink:type="resource" xlink:label="label_dq_SubsidiesPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_SubsidiesPayableCurrent" xml:lang="en-US" id="label_dq_SubsidiesPayableCurrent">Subsidies Payable Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SubsidiesPayableCurrent" xlink:to="label_dq_SubsidiesPayableCurrent" xlink:title="Label : dq_SubsidiesPayableCurrent to label_dq_SubsidiesPayableCurrent" />
    <link:label xlink:type="resource" xlink:label="label_dq_SubsidiesPayableCurrent_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_SubsidiesPayableCurrent_1" xml:lang="en-US" id="label_dq_SubsidiesPayableCurrent_1">Subsidies Payable Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SubsidiesPayableCurrent" xlink:to="label_dq_SubsidiesPayableCurrent_1" xlink:title="Label : dq_SubsidiesPayableCurrent to label_dq_SubsidiesPayableCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_SubsidiesPayableCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_SubsidiesPayableCurrent_2" xml:lang="en-US" id="label_dq_SubsidiesPayableCurrent_2">Government subsidy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SubsidiesPayableCurrent" xlink:to="label_dq_SubsidiesPayableCurrent_2" xlink:title="Label : dq_SubsidiesPayableCurrent to label_dq_SubsidiesPayableCurrent_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_AccountingPoliciesLineItems" xlink:label="dq_AccountingPoliciesLineItems" xlink:title="dq_AccountingPoliciesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccountingPoliciesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_AccountingPoliciesLineItems" xml:lang="en-US" id="label_dq_AccountingPoliciesLineItems">AccountingPoliciesLineItems</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccountingPoliciesLineItems" xlink:to="label_dq_AccountingPoliciesLineItems" xlink:title="Label : dq_AccountingPoliciesLineItems to label_dq_AccountingPoliciesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccountingPoliciesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_AccountingPoliciesLineItems_1" xml:lang="en-US" id="label_dq_AccountingPoliciesLineItems_1">Accounting Policies [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccountingPoliciesLineItems" xlink:to="label_dq_AccountingPoliciesLineItems_1" xlink:title="Label : dq_AccountingPoliciesLineItems to label_dq_AccountingPoliciesLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_AccountingPoliciesTable" xlink:label="dq_AccountingPoliciesTable" xlink:title="dq_AccountingPoliciesTable" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccountingPoliciesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_AccountingPoliciesTable" xml:lang="en-US" id="label_dq_AccountingPoliciesTable">Accounting Policies Table</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccountingPoliciesTable" xlink:to="label_dq_AccountingPoliciesTable" xlink:title="Label : dq_AccountingPoliciesTable to label_dq_AccountingPoliciesTable" />
    <link:label xlink:type="resource" xlink:label="label_dq_AccountingPoliciesTable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_AccountingPoliciesTable_1" xml:lang="en-US" id="label_dq_AccountingPoliciesTable_1">Accounting Policies [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AccountingPoliciesTable" xlink:to="label_dq_AccountingPoliciesTable_1" xlink:title="Label : dq_AccountingPoliciesTable to label_dq_AccountingPoliciesTable_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" xlink:label="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" xlink:title="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" />
    <link:label xlink:type="resource" xlink:label="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" xml:lang="en-US" id="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect">Allowance For Doubtful Accounts Receivable, Foreign Exchange Effect.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" xlink:to="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" xlink:title="Label : dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect to label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" />
    <link:label xlink:type="resource" xlink:label="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_1" xml:lang="en-US" id="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_1">Allowance For Doubtful Accounts Receivable Foreign Exchange Effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" xlink:to="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_1" xlink:title="Label : dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect to label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_2" xml:lang="en-US" id="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_2">Foreign exchange effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" xlink:to="label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_2" xlink:title="Label : dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect to label_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_BankOfChinaMember" xlink:label="dq_BankOfChinaMember" xlink:title="dq_BankOfChinaMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_BankOfChinaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_BankOfChinaMember" xml:lang="en-US" id="label_dq_BankOfChinaMember">Bank of China [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_BankOfChinaMember" xlink:to="label_dq_BankOfChinaMember" xlink:title="Label : dq_BankOfChinaMember to label_dq_BankOfChinaMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_BankOfChinaMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_BankOfChinaMember_1" xml:lang="en-US" id="label_dq_BankOfChinaMember_1">Bank of China [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_BankOfChinaMember" xlink:to="label_dq_BankOfChinaMember_1" xlink:title="Label : dq_BankOfChinaMember to label_dq_BankOfChinaMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_BinomialOptionPricingModelExerciseMultiple" xlink:label="dq_BinomialOptionPricingModelExerciseMultiple" xlink:title="dq_BinomialOptionPricingModelExerciseMultiple" />
    <link:label xlink:type="resource" xlink:label="label_dq_BinomialOptionPricingModelExerciseMultiple" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_BinomialOptionPricingModelExerciseMultiple" xml:lang="en-US" id="label_dq_BinomialOptionPricingModelExerciseMultiple">Binomial Option Pricing Model, Exercise Multiple.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_BinomialOptionPricingModelExerciseMultiple" xlink:to="label_dq_BinomialOptionPricingModelExerciseMultiple" xlink:title="Label : dq_BinomialOptionPricingModelExerciseMultiple to label_dq_BinomialOptionPricingModelExerciseMultiple" />
    <link:label xlink:type="resource" xlink:label="label_dq_BinomialOptionPricingModelExerciseMultiple_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_BinomialOptionPricingModelExerciseMultiple_1" xml:lang="en-US" id="label_dq_BinomialOptionPricingModelExerciseMultiple_1">Binomial Option Pricing Model Exercise Multiple</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_BinomialOptionPricingModelExerciseMultiple" xlink:to="label_dq_BinomialOptionPricingModelExerciseMultiple_1" xlink:title="Label : dq_BinomialOptionPricingModelExerciseMultiple to label_dq_BinomialOptionPricingModelExerciseMultiple_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_BinomialOptionPricingModelExerciseMultiple_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_BinomialOptionPricingModelExerciseMultiple_2" xml:lang="en-US" id="label_dq_BinomialOptionPricingModelExerciseMultiple_2">Exercise multiple</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_BinomialOptionPricingModelExerciseMultiple" xlink:to="label_dq_BinomialOptionPricingModelExerciseMultiple_2" xlink:title="Label : dq_BinomialOptionPricingModelExerciseMultiple to label_dq_BinomialOptionPricingModelExerciseMultiple_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_BinomialOptionPricingModelPostVestingForfeitureRate" xlink:label="dq_BinomialOptionPricingModelPostVestingForfeitureRate" xlink:title="dq_BinomialOptionPricingModelPostVestingForfeitureRate" />
    <link:label xlink:type="resource" xlink:label="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate" xml:lang="en-US" id="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate">Binomial Option Pricing Model Post Vesting Forfeiture Rate.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_BinomialOptionPricingModelPostVestingForfeitureRate" xlink:to="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate" xlink:title="Label : dq_BinomialOptionPricingModelPostVestingForfeitureRate to label_dq_BinomialOptionPricingModelPostVestingForfeitureRate" />
    <link:label xlink:type="resource" xlink:label="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_1" xml:lang="en-US" id="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_1">Binomial Option Pricing Model Post Vesting Forfeiture Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_BinomialOptionPricingModelPostVestingForfeitureRate" xlink:to="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_1" xlink:title="Label : dq_BinomialOptionPricingModelPostVestingForfeitureRate to label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_2" xml:lang="en-US" id="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_2">Post-vesting forfeiture rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_BinomialOptionPricingModelPostVestingForfeitureRate" xlink:to="label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_2" xlink:title="Label : dq_BinomialOptionPricingModelPostVestingForfeitureRate to label_dq_BinomialOptionPricingModelPostVestingForfeitureRate_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CapitalContributedToSubsidiaries" xlink:label="dq_CapitalContributedToSubsidiaries" xlink:title="dq_CapitalContributedToSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_dq_CapitalContributedToSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CapitalContributedToSubsidiaries" xml:lang="en-US" id="label_dq_CapitalContributedToSubsidiaries">Capital Contributed To Subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CapitalContributedToSubsidiaries" xlink:to="label_dq_CapitalContributedToSubsidiaries" xlink:title="Label : dq_CapitalContributedToSubsidiaries to label_dq_CapitalContributedToSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_dq_CapitalContributedToSubsidiaries_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CapitalContributedToSubsidiaries_1" xml:lang="en-US" id="label_dq_CapitalContributedToSubsidiaries_1">Capital Contributed To Subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CapitalContributedToSubsidiaries" xlink:to="label_dq_CapitalContributedToSubsidiaries_1" xlink:title="Label : dq_CapitalContributedToSubsidiaries to label_dq_CapitalContributedToSubsidiaries_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_CapitalContributedToSubsidiaries_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_dq_CapitalContributedToSubsidiaries_2" xml:lang="en-US" id="label_dq_CapitalContributedToSubsidiaries_2">Capital contributed to subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CapitalContributedToSubsidiaries" xlink:to="label_dq_CapitalContributedToSubsidiaries_2" xlink:title="Label : dq_CapitalContributedToSubsidiaries to label_dq_CapitalContributedToSubsidiaries_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CapitalConversionMember" xlink:label="dq_CapitalConversionMember" xlink:title="dq_CapitalConversionMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CapitalConversionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CapitalConversionMember" xml:lang="en-US" id="label_dq_CapitalConversionMember">Capital Conversion [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CapitalConversionMember" xlink:to="label_dq_CapitalConversionMember" xlink:title="Label : dq_CapitalConversionMember to label_dq_CapitalConversionMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CapitalConversionMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CapitalConversionMember_1" xml:lang="en-US" id="label_dq_CapitalConversionMember_1">Capital Conversion [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CapitalConversionMember" xlink:to="label_dq_CapitalConversionMember_1" xlink:title="Label : dq_CapitalConversionMember to label_dq_CapitalConversionMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CapitalLeasesMonthlyPayment" xlink:label="dq_CapitalLeasesMonthlyPayment" xlink:title="dq_CapitalLeasesMonthlyPayment" />
    <link:label xlink:type="resource" xlink:label="label_dq_CapitalLeasesMonthlyPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CapitalLeasesMonthlyPayment" xml:lang="en-US" id="label_dq_CapitalLeasesMonthlyPayment">Capital Leases, Monthly Payment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CapitalLeasesMonthlyPayment" xlink:to="label_dq_CapitalLeasesMonthlyPayment" xlink:title="Label : dq_CapitalLeasesMonthlyPayment to label_dq_CapitalLeasesMonthlyPayment" />
    <link:label xlink:type="resource" xlink:label="label_dq_CapitalLeasesMonthlyPayment_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CapitalLeasesMonthlyPayment_1" xml:lang="en-US" id="label_dq_CapitalLeasesMonthlyPayment_1">Capital Leases Monthly Payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CapitalLeasesMonthlyPayment" xlink:to="label_dq_CapitalLeasesMonthlyPayment_1" xlink:title="Label : dq_CapitalLeasesMonthlyPayment to label_dq_CapitalLeasesMonthlyPayment_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_CapitalLeasesMonthlyPayment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_CapitalLeasesMonthlyPayment_2" xml:lang="en-US" id="label_dq_CapitalLeasesMonthlyPayment_2">Monthly lease payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CapitalLeasesMonthlyPayment" xlink:to="label_dq_CapitalLeasesMonthlyPayment_2" xlink:title="Label : dq_CapitalLeasesMonthlyPayment to label_dq_CapitalLeasesMonthlyPayment_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CashPaymentsForTransactionsMember" xlink:label="dq_CashPaymentsForTransactionsMember" xlink:title="dq_CashPaymentsForTransactionsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CashPaymentsForTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CashPaymentsForTransactionsMember" xml:lang="en-US" id="label_dq_CashPaymentsForTransactionsMember">Cash Payments for Transactions [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CashPaymentsForTransactionsMember" xlink:to="label_dq_CashPaymentsForTransactionsMember" xlink:title="Label : dq_CashPaymentsForTransactionsMember to label_dq_CashPaymentsForTransactionsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CashPaymentsForTransactionsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CashPaymentsForTransactionsMember_1" xml:lang="en-US" id="label_dq_CashPaymentsForTransactionsMember_1">Cash Payments for Transactions [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CashPaymentsForTransactionsMember" xlink:to="label_dq_CashPaymentsForTransactionsMember_1" xlink:title="Label : dq_CashPaymentsForTransactionsMember to label_dq_CashPaymentsForTransactionsMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CashProceedsFromTransactionsMember" xlink:label="dq_CashProceedsFromTransactionsMember" xlink:title="dq_CashProceedsFromTransactionsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CashProceedsFromTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CashProceedsFromTransactionsMember" xml:lang="en-US" id="label_dq_CashProceedsFromTransactionsMember">Cash Proceeds from Transactions [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CashProceedsFromTransactionsMember" xlink:to="label_dq_CashProceedsFromTransactionsMember" xlink:title="Label : dq_CashProceedsFromTransactionsMember to label_dq_CashProceedsFromTransactionsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CashProceedsFromTransactionsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CashProceedsFromTransactionsMember_1" xml:lang="en-US" id="label_dq_CashProceedsFromTransactionsMember_1">Cash Proceeds from Transactions [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CashProceedsFromTransactionsMember" xlink:to="label_dq_CashProceedsFromTransactionsMember_1" xlink:title="Label : dq_CashProceedsFromTransactionsMember to label_dq_CashProceedsFromTransactionsMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ChinaConstructionBankMember" xlink:label="dq_ChinaConstructionBankMember" xlink:title="dq_ChinaConstructionBankMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ChinaConstructionBankMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ChinaConstructionBankMember" xml:lang="en-US" id="label_dq_ChinaConstructionBankMember">China Construction Bank [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ChinaConstructionBankMember" xlink:to="label_dq_ChinaConstructionBankMember" xlink:title="Label : dq_ChinaConstructionBankMember to label_dq_ChinaConstructionBankMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ChinaConstructionBankMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ChinaConstructionBankMember_1" xml:lang="en-US" id="label_dq_ChinaConstructionBankMember_1">China Construction Bank [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ChinaConstructionBankMember" xlink:to="label_dq_ChinaConstructionBankMember_1" xlink:title="Label : dq_ChinaConstructionBankMember to label_dq_ChinaConstructionBankMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ChongqingDaqoNewEnergyCoLtdMember" xlink:label="dq_ChongqingDaqoNewEnergyCoLtdMember" xlink:title="dq_ChongqingDaqoNewEnergyCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ChongqingDaqoNewEnergyCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ChongqingDaqoNewEnergyCoLtdMember" xml:lang="en-US" id="label_dq_ChongqingDaqoNewEnergyCoLtdMember">Chongqing Daqo New Energy Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ChongqingDaqoNewEnergyCoLtdMember" xlink:to="label_dq_ChongqingDaqoNewEnergyCoLtdMember" xlink:title="Label : dq_ChongqingDaqoNewEnergyCoLtdMember to label_dq_ChongqingDaqoNewEnergyCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ChongqingDaqoNewEnergyCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ChongqingDaqoNewEnergyCoLtdMember_1" xml:lang="en-US" id="label_dq_ChongqingDaqoNewEnergyCoLtdMember_1">Chongqing Daqo New Energy Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ChongqingDaqoNewEnergyCoLtdMember" xlink:to="label_dq_ChongqingDaqoNewEnergyCoLtdMember_1" xlink:title="Label : dq_ChongqingDaqoNewEnergyCoLtdMember to label_dq_ChongqingDaqoNewEnergyCoLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ChongqingRuralCommercialBankMember" xlink:label="dq_ChongqingRuralCommercialBankMember" xlink:title="dq_ChongqingRuralCommercialBankMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ChongqingRuralCommercialBankMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ChongqingRuralCommercialBankMember" xml:lang="en-US" id="label_dq_ChongqingRuralCommercialBankMember">Chongqing Rural Commercial Bank [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ChongqingRuralCommercialBankMember" xlink:to="label_dq_ChongqingRuralCommercialBankMember" xlink:title="Label : dq_ChongqingRuralCommercialBankMember to label_dq_ChongqingRuralCommercialBankMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ChongqingRuralCommercialBankMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ChongqingRuralCommercialBankMember_1" xml:lang="en-US" id="label_dq_ChongqingRuralCommercialBankMember_1">Chongqing Rural Commercial Bank [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ChongqingRuralCommercialBankMember" xlink:to="label_dq_ChongqingRuralCommercialBankMember_1" xlink:title="Label : dq_ChongqingRuralCommercialBankMember to label_dq_ChongqingRuralCommercialBankMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:title="dei_CurrentFiscalYearEndDate" />
    <link:label xlink:type="resource" xlink:label="label_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_CurrentFiscalYearEndDate" xml:lang="en-US" id="label_dei_CurrentFiscalYearEndDate">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="label_dei_CurrentFiscalYearEndDate" xlink:title="Label : dei_CurrentFiscalYearEndDate to label_dei_CurrentFiscalYearEndDate" />
    <link:label xlink:type="resource" xlink:label="label_dei_CurrentFiscalYearEndDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_CurrentFiscalYearEndDate_1" xml:lang="en-US" id="label_dei_CurrentFiscalYearEndDate_1">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="label_dei_CurrentFiscalYearEndDate_1" xlink:title="Label : dei_CurrentFiscalYearEndDate to label_dei_CurrentFiscalYearEndDate_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CommonStockOutstandingMember" xlink:label="dq_CommonStockOutstandingMember" xlink:title="dq_CommonStockOutstandingMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CommonStockOutstandingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CommonStockOutstandingMember" xml:lang="en-US" id="label_dq_CommonStockOutstandingMember">Common Stock Outstanding [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CommonStockOutstandingMember" xlink:to="label_dq_CommonStockOutstandingMember" xlink:title="Label : dq_CommonStockOutstandingMember to label_dq_CommonStockOutstandingMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CommonStockOutstandingMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CommonStockOutstandingMember_1" xml:lang="en-US" id="label_dq_CommonStockOutstandingMember_1">Common Stock Outstanding [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CommonStockOutstandingMember" xlink:to="label_dq_CommonStockOutstandingMember_1" xlink:title="Label : dq_CommonStockOutstandingMember to label_dq_CommonStockOutstandingMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_CommonStockOutstandingMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_CommonStockOutstandingMember_2" xml:lang="en-US" id="label_dq_CommonStockOutstandingMember_2">Ordinary shares [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CommonStockOutstandingMember" xlink:to="label_dq_CommonStockOutstandingMember_2" xlink:title="Label : dq_CommonStockOutstandingMember to label_dq_CommonStockOutstandingMember_2" />
    <link:label xlink:type="resource" xlink:label="label_dq_CommonStockOutstandingMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_dq_CommonStockOutstandingMember_3" xml:lang="en-US" id="label_dq_CommonStockOutstandingMember_3">Ordinary shares [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CommonStockOutstandingMember" xlink:to="label_dq_CommonStockOutstandingMember_3" xlink:title="Label : dq_CommonStockOutstandingMember to label_dq_CommonStockOutstandingMember_3" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerBMember" xlink:label="dq_CustomerBMember" xlink:title="dq_CustomerBMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerBMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerBMember" xml:lang="en-US" id="label_dq_CustomerBMember">Customer B Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerBMember" xlink:to="label_dq_CustomerBMember" xlink:title="Label : dq_CustomerBMember to label_dq_CustomerBMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerBMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerBMember_1" xml:lang="en-US" id="label_dq_CustomerBMember_1">Customer B [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerBMember" xlink:to="label_dq_CustomerBMember_1" xlink:title="Label : dq_CustomerBMember to label_dq_CustomerBMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerBMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_CustomerBMember_2" xml:lang="en-US" id="label_dq_CustomerBMember_2">Customer B [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerBMember" xlink:to="label_dq_CustomerBMember_2" xlink:title="Label : dq_CustomerBMember to label_dq_CustomerBMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerCMember" xlink:label="dq_CustomerCMember" xlink:title="dq_CustomerCMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerCMember" xml:lang="en-US" id="label_dq_CustomerCMember">Customer C Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerCMember" xlink:to="label_dq_CustomerCMember" xlink:title="Label : dq_CustomerCMember to label_dq_CustomerCMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerCMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerCMember_1" xml:lang="en-US" id="label_dq_CustomerCMember_1">Customer C [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerCMember" xlink:to="label_dq_CustomerCMember_1" xlink:title="Label : dq_CustomerCMember to label_dq_CustomerCMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerDMember" xlink:label="dq_CustomerDMember" xlink:title="dq_CustomerDMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerDMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerDMember" xml:lang="en-US" id="label_dq_CustomerDMember">Customer D Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerDMember" xlink:to="label_dq_CustomerDMember" xlink:title="Label : dq_CustomerDMember to label_dq_CustomerDMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerDMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerDMember_1" xml:lang="en-US" id="label_dq_CustomerDMember_1">Customer D [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerDMember" xlink:to="label_dq_CustomerDMember_1" xlink:title="Label : dq_CustomerDMember to label_dq_CustomerDMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerEMember" xlink:label="dq_CustomerEMember" xlink:title="dq_CustomerEMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerEMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerEMember" xml:lang="en-US" id="label_dq_CustomerEMember">Customer E Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerEMember" xlink:to="label_dq_CustomerEMember" xlink:title="Label : dq_CustomerEMember to label_dq_CustomerEMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerEMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerEMember_1" xml:lang="en-US" id="label_dq_CustomerEMember_1">Customer E [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerEMember" xlink:to="label_dq_CustomerEMember_1" xlink:title="Label : dq_CustomerEMember to label_dq_CustomerEMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerFMember" xlink:label="dq_CustomerFMember" xlink:title="dq_CustomerFMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerFMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerFMember" xml:lang="en-US" id="label_dq_CustomerFMember">Customer F Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerFMember" xlink:to="label_dq_CustomerFMember" xlink:title="Label : dq_CustomerFMember to label_dq_CustomerFMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerFMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerFMember_1" xml:lang="en-US" id="label_dq_CustomerFMember_1">Customer F [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerFMember" xlink:to="label_dq_CustomerFMember_1" xlink:title="Label : dq_CustomerFMember to label_dq_CustomerFMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerGMember" xlink:label="dq_CustomerGMember" xlink:title="dq_CustomerGMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerGMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerGMember" xml:lang="en-US" id="label_dq_CustomerGMember">Customer G Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerGMember" xlink:to="label_dq_CustomerGMember" xlink:title="Label : dq_CustomerGMember to label_dq_CustomerGMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerGMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerGMember_1" xml:lang="en-US" id="label_dq_CustomerGMember_1">Customer G [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerGMember" xlink:to="label_dq_CustomerGMember_1" xlink:title="Label : dq_CustomerGMember to label_dq_CustomerGMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerGMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_CustomerGMember_2" xml:lang="en-US" id="label_dq_CustomerGMember_2">Customer G [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerGMember" xlink:to="label_dq_CustomerGMember_2" xlink:title="Label : dq_CustomerGMember to label_dq_CustomerGMember_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems" xlink:title="dei_DocumentInformationLineItems" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentInformationLineItems" xml:lang="en-US" id="label_dei_DocumentInformationLineItems">Document Information [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="label_dei_DocumentInformationLineItems" xlink:title="Label : dei_DocumentInformationLineItems to label_dei_DocumentInformationLineItems" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentInformationLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_DocumentInformationLineItems_1" xml:lang="en-US" id="label_dei_DocumentInformationLineItems_1">Document Information [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="label_dei_DocumentInformationLineItems_1" xlink:title="Label : dei_DocumentInformationLineItems to label_dei_DocumentInformationLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="us-gaap_AwardTypeAxis" xlink:title="us-gaap_AwardTypeAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AwardTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AwardTypeAxis" xml:lang="en-US" id="label_us-gaap_AwardTypeAxis">Award Type [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardTypeAxis" xlink:to="label_us-gaap_AwardTypeAxis" xlink:title="Label : us-gaap_AwardTypeAxis to label_us-gaap_AwardTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerHMember" xlink:label="dq_CustomerHMember" xlink:title="dq_CustomerHMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerHMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerHMember" xml:lang="en-US" id="label_dq_CustomerHMember">Customer H Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerHMember" xlink:to="label_dq_CustomerHMember" xlink:title="Label : dq_CustomerHMember to label_dq_CustomerHMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerHMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerHMember_1" xml:lang="en-US" id="label_dq_CustomerHMember_1">Customer H [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerHMember" xlink:to="label_dq_CustomerHMember_1" xlink:title="Label : dq_CustomerHMember to label_dq_CustomerHMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardDateAxis" xlink:label="us-gaap_AwardDateAxis" xlink:title="us-gaap_AwardDateAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AwardDateAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AwardDateAxis" xml:lang="en-US" id="label_us-gaap_AwardDateAxis">Award Date [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardDateAxis" xlink:to="label_us-gaap_AwardDateAxis" xlink:title="Label : us-gaap_AwardDateAxis to label_us-gaap_AwardDateAxis" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerIMember" xlink:label="dq_CustomerIMember" xlink:title="dq_CustomerIMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerIMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerIMember" xml:lang="en-US" id="label_dq_CustomerIMember">Customer I Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerIMember" xlink:to="label_dq_CustomerIMember" xlink:title="Label : dq_CustomerIMember to label_dq_CustomerIMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerIMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerIMember_1" xml:lang="en-US" id="label_dq_CustomerIMember_1">Customer I [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerIMember" xlink:to="label_dq_CustomerIMember_1" xlink:title="Label : dq_CustomerIMember to label_dq_CustomerIMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardDateDomain" xlink:label="us-gaap_AwardDateDomain" xlink:title="us-gaap_AwardDateDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AwardDateDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AwardDateDomain" xml:lang="en-US" id="label_us-gaap_AwardDateDomain">Award Date [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardDateDomain" xlink:to="label_us-gaap_AwardDateDomain" xlink:title="Label : us-gaap_AwardDateDomain to label_us-gaap_AwardDateDomain" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerJMember" xlink:label="dq_CustomerJMember" xlink:title="dq_CustomerJMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerJMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerJMember" xml:lang="en-US" id="label_dq_CustomerJMember">Customer J [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerJMember" xlink:to="label_dq_CustomerJMember" xlink:title="Label : dq_CustomerJMember to label_dq_CustomerJMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerJMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerJMember_1" xml:lang="en-US" id="label_dq_CustomerJMember_1">Customer J [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerJMember" xlink:to="label_dq_CustomerJMember_1" xlink:title="Label : dq_CustomerJMember to label_dq_CustomerJMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerKMember" xlink:label="dq_CustomerKMember" xlink:title="dq_CustomerKMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerKMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerKMember" xml:lang="en-US" id="label_dq_CustomerKMember">Customer K [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerKMember" xlink:to="label_dq_CustomerKMember" xlink:title="Label : dq_CustomerKMember to label_dq_CustomerKMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerKMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerKMember_1" xml:lang="en-US" id="label_dq_CustomerKMember_1">Customer K [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerKMember" xlink:to="label_dq_CustomerKMember_1" xlink:title="Label : dq_CustomerKMember to label_dq_CustomerKMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xlink:title="dei_DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentPeriodEndDate" xml:lang="en-US" id="label_dei_DocumentPeriodEndDate">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="label_dei_DocumentPeriodEndDate" xlink:title="Label : dei_DocumentPeriodEndDate to label_dei_DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentPeriodEndDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_DocumentPeriodEndDate_1" xml:lang="en-US" id="label_dei_DocumentPeriodEndDate_1">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="label_dei_DocumentPeriodEndDate_1" xlink:title="Label : dei_DocumentPeriodEndDate to label_dei_DocumentPeriodEndDate_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerLMember" xlink:label="dq_CustomerLMember" xlink:title="dq_CustomerLMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerLMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerLMember" xml:lang="en-US" id="label_dq_CustomerLMember">Customer L [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerLMember" xlink:to="label_dq_CustomerLMember" xlink:title="Label : dq_CustomerLMember to label_dq_CustomerLMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerLMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerLMember_1" xml:lang="en-US" id="label_dq_CustomerLMember_1">Customer L [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerLMember" xlink:to="label_dq_CustomerLMember_1" xlink:title="Label : dq_CustomerLMember to label_dq_CustomerLMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_CustomerMember" xlink:label="dq_CustomerMember" xlink:title="dq_CustomerMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_CustomerMember" xml:lang="en-US" id="label_dq_CustomerMember">Customer Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerMember" xlink:to="label_dq_CustomerMember" xlink:title="Label : dq_CustomerMember to label_dq_CustomerMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_CustomerMember_1" xml:lang="en-US" id="label_dq_CustomerMember_1">Customer [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerMember" xlink:to="label_dq_CustomerMember_1" xlink:title="Label : dq_CustomerMember to label_dq_CustomerMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_CustomerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_CustomerMember_2" xml:lang="en-US" id="label_dq_CustomerMember_2">Customer A [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_CustomerMember" xlink:to="label_dq_CustomerMember_2" xlink:title="Label : dq_CustomerMember to label_dq_CustomerMember_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntitiesTable" xlink:label="dei_EntitiesTable" xlink:title="dei_EntitiesTable" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntitiesTable" xml:lang="en-US" id="label_dei_EntitiesTable">Entities [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitiesTable" xlink:to="label_dei_EntitiesTable" xlink:title="Label : dei_EntitiesTable to label_dei_EntitiesTable" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntitiesTable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_EntitiesTable_1" xml:lang="en-US" id="label_dei_EntitiesTable_1">Entities [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitiesTable" xlink:to="label_dei_EntitiesTable_1" xlink:title="Label : dei_EntitiesTable to label_dei_EntitiesTable_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DaqoGroupMember" xlink:label="dq_DaqoGroupMember" xlink:title="dq_DaqoGroupMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoGroupMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DaqoGroupMember" xml:lang="en-US" id="label_dq_DaqoGroupMember">Daqo Group [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoGroupMember" xlink:to="label_dq_DaqoGroupMember" xlink:title="Label : dq_DaqoGroupMember to label_dq_DaqoGroupMember" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DaqoNewMaterialCoLtdMember" xlink:label="dq_DaqoNewMaterialCoLtdMember" xlink:title="dq_DaqoNewMaterialCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoNewMaterialCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DaqoNewMaterialCoLtdMember" xml:lang="en-US" id="label_dq_DaqoNewMaterialCoLtdMember">Daqo New Material Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoNewMaterialCoLtdMember" xlink:to="label_dq_DaqoNewMaterialCoLtdMember" xlink:title="Label : dq_DaqoNewMaterialCoLtdMember to label_dq_DaqoNewMaterialCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoNewMaterialCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DaqoNewMaterialCoLtdMember_1" xml:lang="en-US" id="label_dq_DaqoNewMaterialCoLtdMember_1">Daqo New Material Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoNewMaterialCoLtdMember" xlink:to="label_dq_DaqoNewMaterialCoLtdMember_1" xlink:title="Label : dq_DaqoNewMaterialCoLtdMember to label_dq_DaqoNewMaterialCoLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DaqoNewMaterialMember" xlink:label="dq_DaqoNewMaterialMember" xlink:title="dq_DaqoNewMaterialMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoNewMaterialMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DaqoNewMaterialMember" xml:lang="en-US" id="label_dq_DaqoNewMaterialMember">Daqo New Material [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoNewMaterialMember" xlink:to="label_dq_DaqoNewMaterialMember" xlink:title="Label : dq_DaqoNewMaterialMember to label_dq_DaqoNewMaterialMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoNewMaterialMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DaqoNewMaterialMember_1" xml:lang="en-US" id="label_dq_DaqoNewMaterialMember_1">Daqo New Material [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoNewMaterialMember" xlink:to="label_dq_DaqoNewMaterialMember_1" xlink:title="Label : dq_DaqoNewMaterialMember to label_dq_DaqoNewMaterialMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DaqoSolarCoLtdMember" xlink:label="dq_DaqoSolarCoLtdMember" xlink:title="dq_DaqoSolarCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoSolarCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DaqoSolarCoLtdMember" xml:lang="en-US" id="label_dq_DaqoSolarCoLtdMember">Daqo Solar Co Ltd [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoSolarCoLtdMember" xlink:to="label_dq_DaqoSolarCoLtdMember" xlink:title="Label : dq_DaqoSolarCoLtdMember to label_dq_DaqoSolarCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoSolarCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DaqoSolarCoLtdMember_1" xml:lang="en-US" id="label_dq_DaqoSolarCoLtdMember_1">Daqo Solar Co Ltd [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoSolarCoLtdMember" xlink:to="label_dq_DaqoSolarCoLtdMember_1" xlink:title="Label : dq_DaqoSolarCoLtdMember to label_dq_DaqoSolarCoLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DaqoXinjiangInvestmentCoLtdMember" xlink:label="dq_DaqoXinjiangInvestmentCoLtdMember" xlink:title="dq_DaqoXinjiangInvestmentCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoXinjiangInvestmentCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DaqoXinjiangInvestmentCoLtdMember" xml:lang="en-US" id="label_dq_DaqoXinjiangInvestmentCoLtdMember">Daqo Xinjiang Investment Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoXinjiangInvestmentCoLtdMember" xlink:to="label_dq_DaqoXinjiangInvestmentCoLtdMember" xlink:title="Label : dq_DaqoXinjiangInvestmentCoLtdMember to label_dq_DaqoXinjiangInvestmentCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoXinjiangInvestmentCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DaqoXinjiangInvestmentCoLtdMember_1" xml:lang="en-US" id="label_dq_DaqoXinjiangInvestmentCoLtdMember_1">Daqo Xinjiang Investment Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoXinjiangInvestmentCoLtdMember" xlink:to="label_dq_DaqoXinjiangInvestmentCoLtdMember_1" xlink:title="Label : dq_DaqoXinjiangInvestmentCoLtdMember to label_dq_DaqoXinjiangInvestmentCoLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" xlink:label="dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" xlink:title="dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" xml:lang="en-US" id="label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember">Debt Guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xiang Xu [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" xlink:to="label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" xlink:title="Label : dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember to label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember_1" xml:lang="en-US" id="label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember_1">Debt Guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xinag Xu [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember" xlink:to="label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember_1" xlink:title="Label : dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember to label_dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" xlink:label="dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" xlink:title="dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" xml:lang="en-US" id="label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember">Debt Guaranteed by Daqo Group and Third Party [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" xlink:to="label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" xlink:title="Label : dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember to label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember_1" xml:lang="en-US" id="label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember_1">Debt Guaranteed by Daqo Group and Third Party [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember" xlink:to="label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember_1" xlink:title="Label : dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember to label_dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:title="dei_EntityDomain" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityDomain" xml:lang="en-US" id="label_dei_EntityDomain">Entity [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="label_dei_EntityDomain" xlink:title="Label : dei_EntityDomain to label_dei_EntityDomain" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_EntityDomain_1" xml:lang="en-US" id="label_dei_EntityDomain_1">Entity [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="label_dei_EntityDomain_1" xlink:title="Label : dei_EntityDomain to label_dei_EntityDomain_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DebtGuaranteedByDaqoGroupMember" xlink:label="dq_DebtGuaranteedByDaqoGroupMember" xlink:title="dq_DebtGuaranteedByDaqoGroupMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DebtGuaranteedByDaqoGroupMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DebtGuaranteedByDaqoGroupMember" xml:lang="en-US" id="label_dq_DebtGuaranteedByDaqoGroupMember">Debt Guaranteed by Daqo Group [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DebtGuaranteedByDaqoGroupMember" xlink:to="label_dq_DebtGuaranteedByDaqoGroupMember" xlink:title="Label : dq_DebtGuaranteedByDaqoGroupMember to label_dq_DebtGuaranteedByDaqoGroupMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DebtGuaranteedByDaqoGroupMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DebtGuaranteedByDaqoGroupMember_1" xml:lang="en-US" id="label_dq_DebtGuaranteedByDaqoGroupMember_1">Debt Guaranteed by Daqo Group [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DebtGuaranteedByDaqoGroupMember" xlink:to="label_dq_DebtGuaranteedByDaqoGroupMember_1" xlink:title="Label : dq_DebtGuaranteedByDaqoGroupMember to label_dq_DebtGuaranteedByDaqoGroupMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DispositionOfSubsidiaryMember" xlink:label="dq_DispositionOfSubsidiaryMember" xlink:title="dq_DispositionOfSubsidiaryMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DispositionOfSubsidiaryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DispositionOfSubsidiaryMember" xml:lang="en-US" id="label_dq_DispositionOfSubsidiaryMember">Disposition of Subsidiary [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DispositionOfSubsidiaryMember" xlink:to="label_dq_DispositionOfSubsidiaryMember" xlink:title="Label : dq_DispositionOfSubsidiaryMember to label_dq_DispositionOfSubsidiaryMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DispositionOfSubsidiaryMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DispositionOfSubsidiaryMember_1" xml:lang="en-US" id="label_dq_DispositionOfSubsidiaryMember_1">Disposition of Subsidiary [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DispositionOfSubsidiaryMember" xlink:to="label_dq_DispositionOfSubsidiaryMember_1" xlink:title="Label : dq_DispositionOfSubsidiaryMember to label_dq_DispositionOfSubsidiaryMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DocumentDocumentandEntityInformationAbstract" xlink:label="dq_DocumentDocumentandEntityInformationAbstract" xlink:title="dq_DocumentDocumentandEntityInformationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_DocumentDocumentandEntityInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DocumentDocumentandEntityInformationAbstract" xml:lang="en-US" id="label_dq_DocumentDocumentandEntityInformationAbstract">Document - Document and Entity Information [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DocumentDocumentandEntityInformationAbstract" xlink:to="label_dq_DocumentDocumentandEntityInformationAbstract" xlink:title="Label : dq_DocumentDocumentandEntityInformationAbstract to label_dq_DocumentDocumentandEntityInformationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_DocumentDocumentandEntityInformationAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DocumentDocumentandEntityInformationAbstract_1" xml:lang="en-US" id="label_dq_DocumentDocumentandEntityInformationAbstract_1">Document Documentand Entity Information [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DocumentDocumentandEntityInformationAbstract" xlink:to="label_dq_DocumentDocumentandEntityInformationAbstract_1" xlink:title="Label : dq_DocumentDocumentandEntityInformationAbstract to label_dq_DocumentDocumentandEntityInformationAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_FacilityOneMember" xlink:label="dq_FacilityOneMember" xlink:title="dq_FacilityOneMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_FacilityOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_FacilityOneMember" xml:lang="en-US" id="label_dq_FacilityOneMember">Facility One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_FacilityOneMember" xlink:to="label_dq_FacilityOneMember" xlink:title="Label : dq_FacilityOneMember to label_dq_FacilityOneMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_FacilityOneMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_FacilityOneMember_1" xml:lang="en-US" id="label_dq_FacilityOneMember_1">Facility One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_FacilityOneMember" xlink:to="label_dq_FacilityOneMember_1" xlink:title="Label : dq_FacilityOneMember to label_dq_FacilityOneMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_FacilityTwoMember" xlink:label="dq_FacilityTwoMember" xlink:title="dq_FacilityTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_FacilityTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_FacilityTwoMember" xml:lang="en-US" id="label_dq_FacilityTwoMember">Facility Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_FacilityTwoMember" xlink:to="label_dq_FacilityTwoMember" xlink:title="Label : dq_FacilityTwoMember to label_dq_FacilityTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_FacilityTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_FacilityTwoMember_1" xml:lang="en-US" id="label_dq_FacilityTwoMember_1">Facility Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_FacilityTwoMember" xlink:to="label_dq_FacilityTwoMember_1" xlink:title="Label : dq_FacilityTwoMember to label_dq_FacilityTwoMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_GovernmentGrantsAndSubsidiesAbstract" xlink:label="dq_GovernmentGrantsAndSubsidiesAbstract" xlink:title="dq_GovernmentGrantsAndSubsidiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_GovernmentGrantsAndSubsidiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_GovernmentGrantsAndSubsidiesAbstract" xml:lang="en-US" id="label_dq_GovernmentGrantsAndSubsidiesAbstract">Government Grants And Subsidies Abstract</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GovernmentGrantsAndSubsidiesAbstract" xlink:to="label_dq_GovernmentGrantsAndSubsidiesAbstract" xlink:title="Label : dq_GovernmentGrantsAndSubsidiesAbstract to label_dq_GovernmentGrantsAndSubsidiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_GovernmentGrantsAndSubsidiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_GovernmentGrantsAndSubsidiesAbstract_1" xml:lang="en-US" id="label_dq_GovernmentGrantsAndSubsidiesAbstract_1">Government Grants And Subsidies Abstract</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GovernmentGrantsAndSubsidiesAbstract" xlink:to="label_dq_GovernmentGrantsAndSubsidiesAbstract_1" xlink:title="Label : dq_GovernmentGrantsAndSubsidiesAbstract to label_dq_GovernmentGrantsAndSubsidiesAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_GovernmentGrantsAndSubsidiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_GovernmentGrantsAndSubsidiesAbstract_2" xml:lang="en-US" id="label_dq_GovernmentGrantsAndSubsidiesAbstract_2">Government subsidies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GovernmentGrantsAndSubsidiesAbstract" xlink:to="label_dq_GovernmentGrantsAndSubsidiesAbstract_2" xlink:title="Label : dq_GovernmentGrantsAndSubsidiesAbstract to label_dq_GovernmentGrantsAndSubsidiesAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_GrantsRecognizedAsOffsetToDepreciation" xlink:label="dq_GrantsRecognizedAsOffsetToDepreciation" xlink:title="dq_GrantsRecognizedAsOffsetToDepreciation" />
    <link:label xlink:type="resource" xlink:label="label_dq_GrantsRecognizedAsOffsetToDepreciation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_GrantsRecognizedAsOffsetToDepreciation" xml:lang="en-US" id="label_dq_GrantsRecognizedAsOffsetToDepreciation">Grants Recognized As Offset To Depreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GrantsRecognizedAsOffsetToDepreciation" xlink:to="label_dq_GrantsRecognizedAsOffsetToDepreciation" xlink:title="Label : dq_GrantsRecognizedAsOffsetToDepreciation to label_dq_GrantsRecognizedAsOffsetToDepreciation" />
    <link:label xlink:type="resource" xlink:label="label_dq_GrantsRecognizedAsOffsetToDepreciation_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_GrantsRecognizedAsOffsetToDepreciation_1" xml:lang="en-US" id="label_dq_GrantsRecognizedAsOffsetToDepreciation_1">Grants Recognized As Offset To Depreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GrantsRecognizedAsOffsetToDepreciation" xlink:to="label_dq_GrantsRecognizedAsOffsetToDepreciation_1" xlink:title="Label : dq_GrantsRecognizedAsOffsetToDepreciation to label_dq_GrantsRecognizedAsOffsetToDepreciation_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_GrantsRecognizedAsOffsetToDepreciation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_GrantsRecognizedAsOffsetToDepreciation_2" xml:lang="en-US" id="label_dq_GrantsRecognizedAsOffsetToDepreciation_2">Government grants recognized as an offset to depreciation expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GrantsRecognizedAsOffsetToDepreciation" xlink:to="label_dq_GrantsRecognizedAsOffsetToDepreciation_2" xlink:title="Label : dq_GrantsRecognizedAsOffsetToDepreciation to label_dq_GrantsRecognizedAsOffsetToDepreciation_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_GrantsRelatedToAssetsReceived" xlink:label="dq_GrantsRelatedToAssetsReceived" xlink:title="dq_GrantsRelatedToAssetsReceived" />
    <link:label xlink:type="resource" xlink:label="label_dq_GrantsRelatedToAssetsReceived" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_GrantsRelatedToAssetsReceived" xml:lang="en-US" id="label_dq_GrantsRelatedToAssetsReceived">Grants Related To Assets Received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GrantsRelatedToAssetsReceived" xlink:to="label_dq_GrantsRelatedToAssetsReceived" xlink:title="Label : dq_GrantsRelatedToAssetsReceived to label_dq_GrantsRelatedToAssetsReceived" />
    <link:label xlink:type="resource" xlink:label="label_dq_GrantsRelatedToAssetsReceived_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_GrantsRelatedToAssetsReceived_1" xml:lang="en-US" id="label_dq_GrantsRelatedToAssetsReceived_1">Grants Related To Assets Received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GrantsRelatedToAssetsReceived" xlink:to="label_dq_GrantsRelatedToAssetsReceived_1" xlink:title="Label : dq_GrantsRelatedToAssetsReceived to label_dq_GrantsRelatedToAssetsReceived_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_GrantsRelatedToAssetsReceived_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_GrantsRelatedToAssetsReceived_2" xml:lang="en-US" id="label_dq_GrantsRelatedToAssetsReceived_2">Government grants related to assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_GrantsRelatedToAssetsReceived" xlink:to="label_dq_GrantsRelatedToAssetsReceived_2" xlink:title="Label : dq_GrantsRelatedToAssetsReceived to label_dq_GrantsRelatedToAssetsReceived_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_HuaxiaBankMember" xlink:label="dq_HuaxiaBankMember" xlink:title="dq_HuaxiaBankMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_HuaxiaBankMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_HuaxiaBankMember" xml:lang="en-US" id="label_dq_HuaxiaBankMember">Huaxia Bank [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_HuaxiaBankMember" xlink:to="label_dq_HuaxiaBankMember" xlink:title="Label : dq_HuaxiaBankMember to label_dq_HuaxiaBankMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_HuaxiaBankMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_HuaxiaBankMember_1" xml:lang="en-US" id="label_dq_HuaxiaBankMember_1">Huaxia Bank [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_HuaxiaBankMember" xlink:to="label_dq_HuaxiaBankMember_1" xlink:title="Label : dq_HuaxiaBankMember to label_dq_HuaxiaBankMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_IncreaseDecreaseInReceivablesFromInvestees" xlink:label="dq_IncreaseDecreaseInReceivablesFromInvestees" xlink:title="dq_IncreaseDecreaseInReceivablesFromInvestees" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInReceivablesFromInvestees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_IncreaseDecreaseInReceivablesFromInvestees" xml:lang="en-US" id="label_dq_IncreaseDecreaseInReceivablesFromInvestees">Increase (Decrease) In Receivables From Investees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInReceivablesFromInvestees" xlink:to="label_dq_IncreaseDecreaseInReceivablesFromInvestees" xlink:title="Label : dq_IncreaseDecreaseInReceivablesFromInvestees to label_dq_IncreaseDecreaseInReceivablesFromInvestees" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInReceivablesFromInvestees_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_IncreaseDecreaseInReceivablesFromInvestees_1" xml:lang="en-US" id="label_dq_IncreaseDecreaseInReceivablesFromInvestees_1">Increase (Decrease) In Receivables From Investees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInReceivablesFromInvestees" xlink:to="label_dq_IncreaseDecreaseInReceivablesFromInvestees_1" xlink:title="Label : dq_IncreaseDecreaseInReceivablesFromInvestees to label_dq_IncreaseDecreaseInReceivablesFromInvestees_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_IncreaseDecreaseInReceivablesFromInvestees_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_dq_IncreaseDecreaseInReceivablesFromInvestees_2" xml:lang="en-US" id="label_dq_IncreaseDecreaseInReceivablesFromInvestees_2">Receivable from investee</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IncreaseDecreaseInReceivablesFromInvestees" xlink:to="label_dq_IncreaseDecreaseInReceivablesFromInvestees_2" xlink:title="Label : dq_IncreaseDecreaseInReceivablesFromInvestees to label_dq_IncreaseDecreaseInReceivablesFromInvestees_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_IndependentDirectorsMember" xlink:label="dq_IndependentDirectorsMember" xlink:title="dq_IndependentDirectorsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_IndependentDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_IndependentDirectorsMember" xml:lang="en-US" id="label_dq_IndependentDirectorsMember">Independent Directors [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IndependentDirectorsMember" xlink:to="label_dq_IndependentDirectorsMember" xlink:title="Label : dq_IndependentDirectorsMember to label_dq_IndependentDirectorsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_IndependentDirectorsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_IndependentDirectorsMember_1" xml:lang="en-US" id="label_dq_IndependentDirectorsMember_1">Independent Directors [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_IndependentDirectorsMember" xlink:to="label_dq_IndependentDirectorsMember_1" xlink:title="Label : dq_IndependentDirectorsMember to label_dq_IndependentDirectorsMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_LandUseRightsAcquired" xlink:label="dq_LandUseRightsAcquired" xlink:title="dq_LandUseRightsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_dq_LandUseRightsAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_LandUseRightsAcquired" xml:lang="en-US" id="label_dq_LandUseRightsAcquired">Land Use Rights Acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_LandUseRightsAcquired" xlink:to="label_dq_LandUseRightsAcquired" xlink:title="Label : dq_LandUseRightsAcquired to label_dq_LandUseRightsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_dq_LandUseRightsAcquired_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_LandUseRightsAcquired_1" xml:lang="en-US" id="label_dq_LandUseRightsAcquired_1">Land Use Rights Acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_LandUseRightsAcquired" xlink:to="label_dq_LandUseRightsAcquired_1" xlink:title="Label : dq_LandUseRightsAcquired to label_dq_LandUseRightsAcquired_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_LandUseRightsAcquired_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_LandUseRightsAcquired_2" xml:lang="en-US" id="label_dq_LandUseRightsAcquired_2">Payment for land use rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_LandUseRightsAcquired" xlink:to="label_dq_LandUseRightsAcquired_2" xlink:title="Label : dq_LandUseRightsAcquired to label_dq_LandUseRightsAcquired_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" xlink:label="dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" xlink:title="dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" />
    <link:label xlink:type="resource" xlink:label="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" xml:lang="en-US" id="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment">Lessee Leasing Arrangements, Operating Leases, Annual Payment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" xlink:to="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" xlink:title="Label : dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment to label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" />
    <link:label xlink:type="resource" xlink:label="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_1" xml:lang="en-US" id="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_1">Lessee Leasing Arrangements Operating Leases Annual Payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" xlink:to="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_1" xlink:title="Label : dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment to label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_2" xml:lang="en-US" id="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_2">Annual rental payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment" xlink:to="label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_2" xlink:title="Label : dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment to label_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_LoanExtendedMember" xlink:label="dq_LoanExtendedMember" xlink:title="dq_LoanExtendedMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_LoanExtendedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_LoanExtendedMember" xml:lang="en-US" id="label_dq_LoanExtendedMember">Loan Extended [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_LoanExtendedMember" xlink:to="label_dq_LoanExtendedMember" xlink:title="Label : dq_LoanExtendedMember to label_dq_LoanExtendedMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_LoanExtendedMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_LoanExtendedMember_1" xml:lang="en-US" id="label_dq_LoanExtendedMember_1">Loan Extended [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_LoanExtendedMember" xlink:to="label_dq_LoanExtendedMember_1" xlink:title="Label : dq_LoanExtendedMember to label_dq_LoanExtendedMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_NoncashFinancingActivitiesAbstract" xlink:label="dq_NoncashFinancingActivitiesAbstract" xlink:title="dq_NoncashFinancingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_NoncashFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_NoncashFinancingActivitiesAbstract" xml:lang="en-US" id="label_dq_NoncashFinancingActivitiesAbstract">Noncash Financing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NoncashFinancingActivitiesAbstract" xlink:to="label_dq_NoncashFinancingActivitiesAbstract" xlink:title="Label : dq_NoncashFinancingActivitiesAbstract to label_dq_NoncashFinancingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_NoncashFinancingActivitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_NoncashFinancingActivitiesAbstract_1" xml:lang="en-US" id="label_dq_NoncashFinancingActivitiesAbstract_1">Noncash Financing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NoncashFinancingActivitiesAbstract" xlink:to="label_dq_NoncashFinancingActivitiesAbstract_1" xlink:title="Label : dq_NoncashFinancingActivitiesAbstract to label_dq_NoncashFinancingActivitiesAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_NoncashFinancingActivitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_NoncashFinancingActivitiesAbstract_2" xml:lang="en-US" id="label_dq_NoncashFinancingActivitiesAbstract_2">Supplemental schedule of non-cash financing activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NoncashFinancingActivitiesAbstract" xlink:to="label_dq_NoncashFinancingActivitiesAbstract_2" xlink:title="Label : dq_NoncashFinancingActivitiesAbstract to label_dq_NoncashFinancingActivitiesAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_NoncashInvestingActivitiesAbstract" xlink:label="dq_NoncashInvestingActivitiesAbstract" xlink:title="dq_NoncashInvestingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_NoncashInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_NoncashInvestingActivitiesAbstract" xml:lang="en-US" id="label_dq_NoncashInvestingActivitiesAbstract">Noncash Investing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NoncashInvestingActivitiesAbstract" xlink:to="label_dq_NoncashInvestingActivitiesAbstract" xlink:title="Label : dq_NoncashInvestingActivitiesAbstract to label_dq_NoncashInvestingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_NoncashInvestingActivitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_NoncashInvestingActivitiesAbstract_1" xml:lang="en-US" id="label_dq_NoncashInvestingActivitiesAbstract_1">Noncash Investing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NoncashInvestingActivitiesAbstract" xlink:to="label_dq_NoncashInvestingActivitiesAbstract_1" xlink:title="Label : dq_NoncashInvestingActivitiesAbstract to label_dq_NoncashInvestingActivitiesAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_NoncashInvestingActivitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_NoncashInvestingActivitiesAbstract_2" xml:lang="en-US" id="label_dq_NoncashInvestingActivitiesAbstract_2">Supplemental schedule of non-cash investing activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NoncashInvestingActivitiesAbstract" xlink:to="label_dq_NoncashInvestingActivitiesAbstract_2" xlink:title="Label : dq_NoncashInvestingActivitiesAbstract to label_dq_NoncashInvestingActivitiesAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OptionsGrantedApril3Member" xlink:label="dq_OptionsGrantedApril3Member" xlink:title="dq_OptionsGrantedApril3Member" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedApril3Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_OptionsGrantedApril3Member" xml:lang="en-US" id="label_dq_OptionsGrantedApril3Member">Options Granted April 3, 2013 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedApril3Member" xlink:to="label_dq_OptionsGrantedApril3Member" xlink:title="Label : dq_OptionsGrantedApril3Member to label_dq_OptionsGrantedApril3Member" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedApril3Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OptionsGrantedApril3Member_1" xml:lang="en-US" id="label_dq_OptionsGrantedApril3Member_1">Options Granted April 3 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedApril3Member" xlink:to="label_dq_OptionsGrantedApril3Member_1" xlink:title="Label : dq_OptionsGrantedApril3Member to label_dq_OptionsGrantedApril3Member_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedApril3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_OptionsGrantedApril3Member_2" xml:lang="en-US" id="label_dq_OptionsGrantedApril3Member_2">Options Granted April 3, 2013 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedApril3Member" xlink:to="label_dq_OptionsGrantedApril3Member_2" xlink:title="Label : dq_OptionsGrantedApril3Member to label_dq_OptionsGrantedApril3Member_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OptionsGrantedPeriodFourMember" xlink:label="dq_OptionsGrantedPeriodFourMember" xlink:title="dq_OptionsGrantedPeriodFourMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_OptionsGrantedPeriodFourMember" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodFourMember">Options Granted Period Four [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodFourMember" xlink:to="label_dq_OptionsGrantedPeriodFourMember" xlink:title="Label : dq_OptionsGrantedPeriodFourMember to label_dq_OptionsGrantedPeriodFourMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodFourMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OptionsGrantedPeriodFourMember_1" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodFourMember_1">Options Granted Period Four [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodFourMember" xlink:to="label_dq_OptionsGrantedPeriodFourMember_1" xlink:title="Label : dq_OptionsGrantedPeriodFourMember to label_dq_OptionsGrantedPeriodFourMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodFourMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_OptionsGrantedPeriodFourMember_2" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodFourMember_2">Options Granted October 31, 2009 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodFourMember" xlink:to="label_dq_OptionsGrantedPeriodFourMember_2" xlink:title="Label : dq_OptionsGrantedPeriodFourMember to label_dq_OptionsGrantedPeriodFourMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OptionsGrantedPeriodOneMember" xlink:label="dq_OptionsGrantedPeriodOneMember" xlink:title="dq_OptionsGrantedPeriodOneMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_OptionsGrantedPeriodOneMember" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodOneMember">Options Granted Period One Member.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodOneMember" xlink:to="label_dq_OptionsGrantedPeriodOneMember" xlink:title="Label : dq_OptionsGrantedPeriodOneMember to label_dq_OptionsGrantedPeriodOneMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodOneMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OptionsGrantedPeriodOneMember_1" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodOneMember_1">Options Granted Period One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodOneMember" xlink:to="label_dq_OptionsGrantedPeriodOneMember_1" xlink:title="Label : dq_OptionsGrantedPeriodOneMember to label_dq_OptionsGrantedPeriodOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodOneMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_OptionsGrantedPeriodOneMember_2" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodOneMember_2">Options Granted October 6, 2010 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodOneMember" xlink:to="label_dq_OptionsGrantedPeriodOneMember_2" xlink:title="Label : dq_OptionsGrantedPeriodOneMember to label_dq_OptionsGrantedPeriodOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OptionsGrantedPeriodThreeMember" xlink:label="dq_OptionsGrantedPeriodThreeMember" xlink:title="dq_OptionsGrantedPeriodThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_OptionsGrantedPeriodThreeMember" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodThreeMember">Options Granted Period Three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodThreeMember" xlink:to="label_dq_OptionsGrantedPeriodThreeMember" xlink:title="Label : dq_OptionsGrantedPeriodThreeMember to label_dq_OptionsGrantedPeriodThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OptionsGrantedPeriodThreeMember_1" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodThreeMember_1">Options Granted Period Three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodThreeMember" xlink:to="label_dq_OptionsGrantedPeriodThreeMember_1" xlink:title="Label : dq_OptionsGrantedPeriodThreeMember to label_dq_OptionsGrantedPeriodThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_OptionsGrantedPeriodThreeMember_2" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodThreeMember_2">Options Granted April 3, 2012 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodThreeMember" xlink:to="label_dq_OptionsGrantedPeriodThreeMember_2" xlink:title="Label : dq_OptionsGrantedPeriodThreeMember to label_dq_OptionsGrantedPeriodThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OptionsGrantedPeriodTwoMember" xlink:label="dq_OptionsGrantedPeriodTwoMember" xlink:title="dq_OptionsGrantedPeriodTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_OptionsGrantedPeriodTwoMember" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodTwoMember">Options Granted Period Two Member.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodTwoMember" xlink:to="label_dq_OptionsGrantedPeriodTwoMember" xlink:title="Label : dq_OptionsGrantedPeriodTwoMember to label_dq_OptionsGrantedPeriodTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OptionsGrantedPeriodTwoMember_1" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodTwoMember_1">Options Granted Period Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodTwoMember" xlink:to="label_dq_OptionsGrantedPeriodTwoMember_1" xlink:title="Label : dq_OptionsGrantedPeriodTwoMember to label_dq_OptionsGrantedPeriodTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedPeriodTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_OptionsGrantedPeriodTwoMember_2" xml:lang="en-US" id="label_dq_OptionsGrantedPeriodTwoMember_2">Options Granted December 3, 2010 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedPeriodTwoMember" xlink:to="label_dq_OptionsGrantedPeriodTwoMember_2" xlink:title="Label : dq_OptionsGrantedPeriodTwoMember to label_dq_OptionsGrantedPeriodTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OtherCustomersMember" xlink:label="dq_OtherCustomersMember" xlink:title="dq_OtherCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OtherCustomersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_OtherCustomersMember" xml:lang="en-US" id="label_dq_OtherCustomersMember">Other Customers Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OtherCustomersMember" xlink:to="label_dq_OtherCustomersMember" xlink:title="Label : dq_OtherCustomersMember to label_dq_OtherCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OtherCustomersMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OtherCustomersMember_1" xml:lang="en-US" id="label_dq_OtherCustomersMember_1">Other Customers [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OtherCustomersMember" xlink:to="label_dq_OtherCustomersMember_1" xlink:title="Label : dq_OtherCustomersMember to label_dq_OtherCustomersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_OtherCustomersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_OtherCustomersMember_2" xml:lang="en-US" id="label_dq_OtherCustomersMember_2">Others [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OtherCustomersMember" xlink:to="label_dq_OtherCustomersMember_2" xlink:title="Label : dq_OtherCustomersMember to label_dq_OtherCustomersMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OtherItemsDisclosureTextBlock" xlink:label="dq_OtherItemsDisclosureTextBlock" xlink:title="dq_OtherItemsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_OtherItemsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_OtherItemsDisclosureTextBlock" xml:lang="en-US" id="label_dq_OtherItemsDisclosureTextBlock">Other Items Disclosure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OtherItemsDisclosureTextBlock" xlink:to="label_dq_OtherItemsDisclosureTextBlock" xlink:title="Label : dq_OtherItemsDisclosureTextBlock to label_dq_OtherItemsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_OtherItemsDisclosureTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OtherItemsDisclosureTextBlock_1" xml:lang="en-US" id="label_dq_OtherItemsDisclosureTextBlock_1">Other Items Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OtherItemsDisclosureTextBlock" xlink:to="label_dq_OtherItemsDisclosureTextBlock_1" xlink:title="Label : dq_OtherItemsDisclosureTextBlock to label_dq_OtherItemsDisclosureTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_OtherItemsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_OtherItemsDisclosureTextBlock_2" xml:lang="en-US" id="label_dq_OtherItemsDisclosureTextBlock_2">MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OtherItemsDisclosureTextBlock" xlink:to="label_dq_OtherItemsDisclosureTextBlock_2" xlink:title="Label : dq_OtherItemsDisclosureTextBlock to label_dq_OtherItemsDisclosureTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OtherSubsidiariesOfDaqoGroupMember" xlink:label="dq_OtherSubsidiariesOfDaqoGroupMember" xlink:title="dq_OtherSubsidiariesOfDaqoGroupMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_OtherSubsidiariesOfDaqoGroupMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OtherSubsidiariesOfDaqoGroupMember" xml:lang="en-US" id="label_dq_OtherSubsidiariesOfDaqoGroupMember">Other Subsidiaries of Daqo Group [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OtherSubsidiariesOfDaqoGroupMember" xlink:to="label_dq_OtherSubsidiariesOfDaqoGroupMember" xlink:title="Label : dq_OtherSubsidiariesOfDaqoGroupMember to label_dq_OtherSubsidiariesOfDaqoGroupMember" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PaymentsForFinancingTransactionMember" xlink:label="dq_PaymentsForFinancingTransactionMember" xlink:title="dq_PaymentsForFinancingTransactionMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PaymentsForFinancingTransactionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_PaymentsForFinancingTransactionMember" xml:lang="en-US" id="label_dq_PaymentsForFinancingTransactionMember">Payments for Financing Transaction [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PaymentsForFinancingTransactionMember" xlink:to="label_dq_PaymentsForFinancingTransactionMember" xlink:title="Label : dq_PaymentsForFinancingTransactionMember to label_dq_PaymentsForFinancingTransactionMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PaymentsForFinancingTransactionMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PaymentsForFinancingTransactionMember_1" xml:lang="en-US" id="label_dq_PaymentsForFinancingTransactionMember_1">Payments for Financing Transaction [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PaymentsForFinancingTransactionMember" xlink:to="label_dq_PaymentsForFinancingTransactionMember_1" xlink:title="Label : dq_PaymentsForFinancingTransactionMember to label_dq_PaymentsForFinancingTransactionMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_PaymentsForFinancingTransactionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_PaymentsForFinancingTransactionMember_2" xml:lang="en-US" id="label_dq_PaymentsForFinancingTransactionMember_2">Repayment of Interest Free Loans [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PaymentsForFinancingTransactionMember" xlink:to="label_dq_PaymentsForFinancingTransactionMember_2" xlink:title="Label : dq_PaymentsForFinancingTransactionMember to label_dq_PaymentsForFinancingTransactionMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PolysiliconMember" xlink:label="dq_PolysiliconMember" xlink:title="dq_PolysiliconMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PolysiliconMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_PolysiliconMember" xml:lang="en-US" id="label_dq_PolysiliconMember">Polysilicon Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PolysiliconMember" xlink:to="label_dq_PolysiliconMember" xlink:title="Label : dq_PolysiliconMember to label_dq_PolysiliconMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PolysiliconMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PolysiliconMember_1" xml:lang="en-US" id="label_dq_PolysiliconMember_1">Polysilicon [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PolysiliconMember" xlink:to="label_dq_PolysiliconMember_1" xlink:title="Label : dq_PolysiliconMember to label_dq_PolysiliconMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PrepaymentReceivedMember" xlink:label="dq_PrepaymentReceivedMember" xlink:title="dq_PrepaymentReceivedMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PrepaymentReceivedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_PrepaymentReceivedMember" xml:lang="en-US" id="label_dq_PrepaymentReceivedMember">Prepayment Received [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PrepaymentReceivedMember" xlink:to="label_dq_PrepaymentReceivedMember" xlink:title="Label : dq_PrepaymentReceivedMember to label_dq_PrepaymentReceivedMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PrepaymentReceivedMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PrepaymentReceivedMember_1" xml:lang="en-US" id="label_dq_PrepaymentReceivedMember_1">Prepayment Received [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PrepaymentReceivedMember" xlink:to="label_dq_PrepaymentReceivedMember_1" xlink:title="Label : dq_PrepaymentReceivedMember to label_dq_PrepaymentReceivedMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ProceedsFromFinancingTransactionMember" xlink:label="dq_ProceedsFromFinancingTransactionMember" xlink:title="dq_ProceedsFromFinancingTransactionMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ProceedsFromFinancingTransactionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ProceedsFromFinancingTransactionMember" xml:lang="en-US" id="label_dq_ProceedsFromFinancingTransactionMember">Proceeds from Financing Transaction [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ProceedsFromFinancingTransactionMember" xlink:to="label_dq_ProceedsFromFinancingTransactionMember" xlink:title="Label : dq_ProceedsFromFinancingTransactionMember to label_dq_ProceedsFromFinancingTransactionMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ProceedsFromFinancingTransactionMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ProceedsFromFinancingTransactionMember_1" xml:lang="en-US" id="label_dq_ProceedsFromFinancingTransactionMember_1">Proceeds from Financing Transaction [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ProceedsFromFinancingTransactionMember" xlink:to="label_dq_ProceedsFromFinancingTransactionMember_1" xlink:title="Label : dq_ProceedsFromFinancingTransactionMember to label_dq_ProceedsFromFinancingTransactionMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ProceedsFromFinancingTransactionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ProceedsFromFinancingTransactionMember_2" xml:lang="en-US" id="label_dq_ProceedsFromFinancingTransactionMember_2">Proceeds From Interest Free Loans [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ProceedsFromFinancingTransactionMember" xlink:to="label_dq_ProceedsFromFinancingTransactionMember_2" xlink:title="Label : dq_ProceedsFromFinancingTransactionMember to label_dq_ProceedsFromFinancingTransactionMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ProcessingFeesMember" xlink:label="dq_ProcessingFeesMember" xlink:title="dq_ProcessingFeesMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ProcessingFeesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ProcessingFeesMember" xml:lang="en-US" id="label_dq_ProcessingFeesMember">Processing Fees [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ProcessingFeesMember" xlink:to="label_dq_ProcessingFeesMember" xlink:title="Label : dq_ProcessingFeesMember to label_dq_ProcessingFeesMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ProcessingFeesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ProcessingFeesMember_1" xml:lang="en-US" id="label_dq_ProcessingFeesMember_1">Processing Fees [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ProcessingFeesMember" xlink:to="label_dq_ProcessingFeesMember_1" xlink:title="Label : dq_ProcessingFeesMember to label_dq_ProcessingFeesMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PurchasesOfFixedAssetsMember" xlink:label="dq_PurchasesOfFixedAssetsMember" xlink:title="dq_PurchasesOfFixedAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PurchasesOfFixedAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_PurchasesOfFixedAssetsMember" xml:lang="en-US" id="label_dq_PurchasesOfFixedAssetsMember">Purchases of Fixed Assets [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PurchasesOfFixedAssetsMember" xlink:to="label_dq_PurchasesOfFixedAssetsMember" xlink:title="Label : dq_PurchasesOfFixedAssetsMember to label_dq_PurchasesOfFixedAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PurchasesOfFixedAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PurchasesOfFixedAssetsMember_1" xml:lang="en-US" id="label_dq_PurchasesOfFixedAssetsMember_1">Purchases of Fixed Assets [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PurchasesOfFixedAssetsMember" xlink:to="label_dq_PurchasesOfFixedAssetsMember_1" xlink:title="Label : dq_PurchasesOfFixedAssetsMember to label_dq_PurchasesOfFixedAssetsMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PurchasesOfRawMaterialsMember" xlink:label="dq_PurchasesOfRawMaterialsMember" xlink:title="dq_PurchasesOfRawMaterialsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PurchasesOfRawMaterialsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_PurchasesOfRawMaterialsMember" xml:lang="en-US" id="label_dq_PurchasesOfRawMaterialsMember">Purchases of Raw Materials [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PurchasesOfRawMaterialsMember" xlink:to="label_dq_PurchasesOfRawMaterialsMember" xlink:title="Label : dq_PurchasesOfRawMaterialsMember to label_dq_PurchasesOfRawMaterialsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PurchasesOfRawMaterialsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PurchasesOfRawMaterialsMember_1" xml:lang="en-US" id="label_dq_PurchasesOfRawMaterialsMember_1">Purchases of Raw Materials [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PurchasesOfRawMaterialsMember" xlink:to="label_dq_PurchasesOfRawMaterialsMember_1" xlink:title="Label : dq_PurchasesOfRawMaterialsMember to label_dq_PurchasesOfRawMaterialsMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_RelevantEmployeesAndExecutiveOfficersMember" xlink:label="dq_RelevantEmployeesAndExecutiveOfficersMember" xlink:title="dq_RelevantEmployeesAndExecutiveOfficersMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_RelevantEmployeesAndExecutiveOfficersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_RelevantEmployeesAndExecutiveOfficersMember" xml:lang="en-US" id="label_dq_RelevantEmployeesAndExecutiveOfficersMember">Relevant Employees and Executive Officers [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_RelevantEmployeesAndExecutiveOfficersMember" xlink:to="label_dq_RelevantEmployeesAndExecutiveOfficersMember" xlink:title="Label : dq_RelevantEmployeesAndExecutiveOfficersMember to label_dq_RelevantEmployeesAndExecutiveOfficersMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_RelevantEmployeesAndExecutiveOfficersMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_RelevantEmployeesAndExecutiveOfficersMember_1" xml:lang="en-US" id="label_dq_RelevantEmployeesAndExecutiveOfficersMember_1">Relevant Employees and Executive Officers [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_RelevantEmployeesAndExecutiveOfficersMember" xlink:to="label_dq_RelevantEmployeesAndExecutiveOfficersMember_1" xlink:title="Label : dq_RelevantEmployeesAndExecutiveOfficersMember to label_dq_RelevantEmployeesAndExecutiveOfficersMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" xlink:title="dei_TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="label_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_TradingSymbol" xml:lang="en-US" id="label_dei_TradingSymbol">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="label_dei_TradingSymbol" xlink:title="Label : dei_TradingSymbol to label_dei_TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="label_dei_TradingSymbol_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_TradingSymbol_1" xml:lang="en-US" id="label_dei_TradingSymbol_1">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="label_dei_TradingSymbol_1" xlink:title="Label : dei_TradingSymbol to label_dei_TradingSymbol_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_RentalExpensesMember" xlink:label="dq_RentalExpensesMember" xlink:title="dq_RentalExpensesMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_RentalExpensesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_RentalExpensesMember" xml:lang="en-US" id="label_dq_RentalExpensesMember">Rental Expenses [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_RentalExpensesMember" xlink:to="label_dq_RentalExpensesMember" xlink:title="Label : dq_RentalExpensesMember to label_dq_RentalExpensesMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_RentalExpensesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_RentalExpensesMember_1" xml:lang="en-US" id="label_dq_RentalExpensesMember_1">Rental Expenses [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_RentalExpensesMember" xlink:to="label_dq_RentalExpensesMember_1" xlink:title="Label : dq_RentalExpensesMember to label_dq_RentalExpensesMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" xlink:label="dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" xlink:title="dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" xml:lang="en-US" id="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock">Tabular disclosure of short-term loan balances with related parties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" xlink:to="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" xlink:title="Label : dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock to label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_1" xml:lang="en-US" id="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_1">Schedule of Related Party Balances, Loans [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" xlink:to="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_1" xlink:title="Label : dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock to label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_2" xml:lang="en-US" id="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_2">Schedule of Related Party Balances, Loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock" xlink:to="label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_2" xlink:title="Label : dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock to label_dq_ScheduleOfRelatedPartyBalancesLoansTableTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" xlink:label="dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" xlink:title="dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" xml:lang="en-US" id="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock">Tabular disclosure of payables balances with related parties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" xlink:to="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" xlink:title="Label : dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock to label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_1" xml:lang="en-US" id="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_1">Schedule of Related Party Balances, Payables [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" xlink:to="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_1" xlink:title="Label : dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock to label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_2" xml:lang="en-US" id="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_2">Schedule of Related Party Balances, Payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock" xlink:to="label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_2" xlink:title="Label : dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock to label_dq_ScheduleOfRelatedPartyBalancesPayablesTableTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ServiceExpensesMember" xlink:label="dq_ServiceExpensesMember" xlink:title="dq_ServiceExpensesMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ServiceExpensesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ServiceExpensesMember" xml:lang="en-US" id="label_dq_ServiceExpensesMember">Service Expenses [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ServiceExpensesMember" xlink:to="label_dq_ServiceExpensesMember" xlink:title="Label : dq_ServiceExpensesMember to label_dq_ServiceExpensesMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ServiceExpensesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ServiceExpensesMember_1" xml:lang="en-US" id="label_dq_ServiceExpensesMember_1">Service Expenses [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ServiceExpensesMember" xlink:to="label_dq_ServiceExpensesMember_1" xlink:title="Label : dq_ServiceExpensesMember to label_dq_ServiceExpensesMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" xlink:label="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" xlink:title="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" xml:lang="en-US" id="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract">Share Based Compensation Arrangement By Share Based Payment Award Options Aggregate Intrinsic Value [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" xlink:to="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" xlink:title="Label : dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract to label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract_1" xml:lang="en-US" id="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract_1">Aggregate Intrinsic Value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" xlink:to="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract_1" xlink:title="Label : dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract to label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" xlink:label="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" xlink:title="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" />
    <link:label xlink:type="resource" xlink:label="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" xml:lang="en-US" id="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified">Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Number Of Options Modified.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" xlink:to="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" xlink:title="Label : dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified to label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" />
    <link:label xlink:type="resource" xlink:label="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_1" xml:lang="en-US" id="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_1">Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Number Of Options Modified</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" xlink:to="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_1" xlink:title="Label : dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified to label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_2" xml:lang="en-US" id="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_2">Number of options modified</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified" xlink:to="label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_2" xlink:title="Label : dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified to label_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfOptionsModified_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ShortTermLoanRenewals" xlink:label="dq_ShortTermLoanRenewals" xlink:title="dq_ShortTermLoanRenewals" />
    <link:label xlink:type="resource" xlink:label="label_dq_ShortTermLoanRenewals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ShortTermLoanRenewals" xml:lang="en-US" id="label_dq_ShortTermLoanRenewals">Short Term Loan Renewals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShortTermLoanRenewals" xlink:to="label_dq_ShortTermLoanRenewals" xlink:title="Label : dq_ShortTermLoanRenewals to label_dq_ShortTermLoanRenewals" />
    <link:label xlink:type="resource" xlink:label="label_dq_ShortTermLoanRenewals_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ShortTermLoanRenewals_1" xml:lang="en-US" id="label_dq_ShortTermLoanRenewals_1">Short Term Loan Renewals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShortTermLoanRenewals" xlink:to="label_dq_ShortTermLoanRenewals_1" xlink:title="Label : dq_ShortTermLoanRenewals to label_dq_ShortTermLoanRenewals_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ShortTermLoanRenewals_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ShortTermLoanRenewals_2" xml:lang="en-US" id="label_dq_ShortTermLoanRenewals_2">Short-term loan renewals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShortTermLoanRenewals" xlink:to="label_dq_ShortTermLoanRenewals_2" xlink:title="Label : dq_ShortTermLoanRenewals to label_dq_ShortTermLoanRenewals_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_SignificantProductionAssetsMember" xlink:label="dq_SignificantProductionAssetsMember" xlink:title="dq_SignificantProductionAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_SignificantProductionAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_SignificantProductionAssetsMember" xml:lang="en-US" id="label_dq_SignificantProductionAssetsMember">Significant Production Assets [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SignificantProductionAssetsMember" xlink:to="label_dq_SignificantProductionAssetsMember" xlink:title="Label : dq_SignificantProductionAssetsMember to label_dq_SignificantProductionAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_SignificantProductionAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_SignificantProductionAssetsMember_1" xml:lang="en-US" id="label_dq_SignificantProductionAssetsMember_1">Significant Production Assets [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SignificantProductionAssetsMember" xlink:to="label_dq_SignificantProductionAssetsMember_1" xlink:title="Label : dq_SignificantProductionAssetsMember to label_dq_SignificantProductionAssetsMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_SupplementalCashFlowInformationDivestituresAbstract" xlink:label="dq_SupplementalCashFlowInformationDivestituresAbstract" xlink:title="dq_SupplementalCashFlowInformationDivestituresAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_SupplementalCashFlowInformationDivestituresAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_SupplementalCashFlowInformationDivestituresAbstract" xml:lang="en-US" id="label_dq_SupplementalCashFlowInformationDivestituresAbstract">Supplemental Cash Flow Information, Divestitures [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SupplementalCashFlowInformationDivestituresAbstract" xlink:to="label_dq_SupplementalCashFlowInformationDivestituresAbstract" xlink:title="Label : dq_SupplementalCashFlowInformationDivestituresAbstract to label_dq_SupplementalCashFlowInformationDivestituresAbstract" />
    <link:label xlink:type="resource" xlink:label="label_dq_SupplementalCashFlowInformationDivestituresAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_SupplementalCashFlowInformationDivestituresAbstract_1" xml:lang="en-US" id="label_dq_SupplementalCashFlowInformationDivestituresAbstract_1">Disposition and Deconsolidation:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_SupplementalCashFlowInformationDivestituresAbstract" xlink:to="label_dq_SupplementalCashFlowInformationDivestituresAbstract_1" xlink:title="Label : dq_SupplementalCashFlowInformationDivestituresAbstract to label_dq_SupplementalCashFlowInformationDivestituresAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_UnrestrictedCashSubsidies" xlink:label="dq_UnrestrictedCashSubsidies" xlink:title="dq_UnrestrictedCashSubsidies" />
    <link:label xlink:type="resource" xlink:label="label_dq_UnrestrictedCashSubsidies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_UnrestrictedCashSubsidies" xml:lang="en-US" id="label_dq_UnrestrictedCashSubsidies">Unrestricted Cash Subsidies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_UnrestrictedCashSubsidies" xlink:to="label_dq_UnrestrictedCashSubsidies" xlink:title="Label : dq_UnrestrictedCashSubsidies to label_dq_UnrestrictedCashSubsidies" />
    <link:label xlink:type="resource" xlink:label="label_dq_UnrestrictedCashSubsidies_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_UnrestrictedCashSubsidies_1" xml:lang="en-US" id="label_dq_UnrestrictedCashSubsidies_1">Unrestricted Cash Subsidies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_UnrestrictedCashSubsidies" xlink:to="label_dq_UnrestrictedCashSubsidies_1" xlink:title="Label : dq_UnrestrictedCashSubsidies to label_dq_UnrestrictedCashSubsidies_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_UnrestrictedCashSubsidies_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_UnrestrictedCashSubsidies_2" xml:lang="en-US" id="label_dq_UnrestrictedCashSubsidies_2">Unrestricted cash government subsidies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_UnrestrictedCashSubsidies" xlink:to="label_dq_UnrestrictedCashSubsidies_2" xlink:title="Label : dq_UnrestrictedCashSubsidies to label_dq_UnrestrictedCashSubsidies_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ValueOfEquipmentReceived" xlink:label="dq_ValueOfEquipmentReceived" xlink:title="dq_ValueOfEquipmentReceived" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValueOfEquipmentReceived" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ValueOfEquipmentReceived" xml:lang="en-US" id="label_dq_ValueOfEquipmentReceived">Value Of Equipment Received.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValueOfEquipmentReceived" xlink:to="label_dq_ValueOfEquipmentReceived" xlink:title="Label : dq_ValueOfEquipmentReceived to label_dq_ValueOfEquipmentReceived" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValueOfEquipmentReceived_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ValueOfEquipmentReceived_1" xml:lang="en-US" id="label_dq_ValueOfEquipmentReceived_1">Value Of Equipment Received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValueOfEquipmentReceived" xlink:to="label_dq_ValueOfEquipmentReceived_1" xlink:title="Label : dq_ValueOfEquipmentReceived to label_dq_ValueOfEquipmentReceived_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValueOfEquipmentReceived_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ValueOfEquipmentReceived_2" xml:lang="en-US" id="label_dq_ValueOfEquipmentReceived_2">Value of equipment received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValueOfEquipmentReceived" xlink:to="label_dq_ValueOfEquipmentReceived_2" xlink:title="Label : dq_ValueOfEquipmentReceived to label_dq_ValueOfEquipmentReceived_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_VestingInFirstSixMonthsMember" xlink:label="dq_VestingInFirstSixMonthsMember" xlink:title="dq_VestingInFirstSixMonthsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInFirstSixMonthsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_VestingInFirstSixMonthsMember" xml:lang="en-US" id="label_dq_VestingInFirstSixMonthsMember">Vesting in First Six Months [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInFirstSixMonthsMember" xlink:to="label_dq_VestingInFirstSixMonthsMember" xlink:title="Label : dq_VestingInFirstSixMonthsMember to label_dq_VestingInFirstSixMonthsMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInFirstSixMonthsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_VestingInFirstSixMonthsMember_1" xml:lang="en-US" id="label_dq_VestingInFirstSixMonthsMember_1">Vesting in First Six Months [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInFirstSixMonthsMember" xlink:to="label_dq_VestingInFirstSixMonthsMember_1" xlink:title="Label : dq_VestingInFirstSixMonthsMember to label_dq_VestingInFirstSixMonthsMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:title="dei_EntityWellKnownSeasonedIssuer" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityWellKnownSeasonedIssuer" xml:lang="en-US" id="label_dei_EntityWellKnownSeasonedIssuer">Entity Well Known Seasoned Issuer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="label_dei_EntityWellKnownSeasonedIssuer" xlink:title="Label : dei_EntityWellKnownSeasonedIssuer to label_dei_EntityWellKnownSeasonedIssuer" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityWellKnownSeasonedIssuer_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_EntityWellKnownSeasonedIssuer_1" xml:lang="en-US" id="label_dei_EntityWellKnownSeasonedIssuer_1">Entity Well-known Seasoned Issuer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="label_dei_EntityWellKnownSeasonedIssuer_1" xlink:title="Label : dei_EntityWellKnownSeasonedIssuer to label_dei_EntityWellKnownSeasonedIssuer_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_VestingInstallmentsDuringVestingPeriod" xlink:label="dq_VestingInstallmentsDuringVestingPeriod" xlink:title="dq_VestingInstallmentsDuringVestingPeriod" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInstallmentsDuringVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_VestingInstallmentsDuringVestingPeriod" xml:lang="en-US" id="label_dq_VestingInstallmentsDuringVestingPeriod">Vesting Installments During Vesting Period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInstallmentsDuringVestingPeriod" xlink:to="label_dq_VestingInstallmentsDuringVestingPeriod" xlink:title="Label : dq_VestingInstallmentsDuringVestingPeriod to label_dq_VestingInstallmentsDuringVestingPeriod" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInstallmentsDuringVestingPeriod_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_VestingInstallmentsDuringVestingPeriod_1" xml:lang="en-US" id="label_dq_VestingInstallmentsDuringVestingPeriod_1">Vesting Installments During Vesting Period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInstallmentsDuringVestingPeriod" xlink:to="label_dq_VestingInstallmentsDuringVestingPeriod_1" xlink:title="Label : dq_VestingInstallmentsDuringVestingPeriod to label_dq_VestingInstallmentsDuringVestingPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInstallmentsDuringVestingPeriod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_VestingInstallmentsDuringVestingPeriod_2" xml:lang="en-US" id="label_dq_VestingInstallmentsDuringVestingPeriod_2">Vesting installments during vesting period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInstallmentsDuringVestingPeriod" xlink:to="label_dq_VestingInstallmentsDuringVestingPeriod_2" xlink:title="Label : dq_VestingInstallmentsDuringVestingPeriod to label_dq_VestingInstallmentsDuringVestingPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_VestingInYearOneMember" xlink:label="dq_VestingInYearOneMember" xlink:title="dq_VestingInYearOneMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_VestingInYearOneMember" xml:lang="en-US" id="label_dq_VestingInYearOneMember">Vesting in Year One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearOneMember" xlink:to="label_dq_VestingInYearOneMember" xlink:title="Label : dq_VestingInYearOneMember to label_dq_VestingInYearOneMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearOneMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_VestingInYearOneMember_1" xml:lang="en-US" id="label_dq_VestingInYearOneMember_1">Vesting in Year One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearOneMember" xlink:to="label_dq_VestingInYearOneMember_1" xlink:title="Label : dq_VestingInYearOneMember to label_dq_VestingInYearOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearOneMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_VestingInYearOneMember_2" xml:lang="en-US" id="label_dq_VestingInYearOneMember_2">Vesting in First Half Year [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearOneMember" xlink:to="label_dq_VestingInYearOneMember_2" xlink:title="Label : dq_VestingInYearOneMember to label_dq_VestingInYearOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" xlink:title="dei_EntityCurrentReportingStatus" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityCurrentReportingStatus" xml:lang="en-US" id="label_dei_EntityCurrentReportingStatus">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="label_dei_EntityCurrentReportingStatus" xlink:title="Label : dei_EntityCurrentReportingStatus to label_dei_EntityCurrentReportingStatus" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCurrentReportingStatus_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_EntityCurrentReportingStatus_1" xml:lang="en-US" id="label_dei_EntityCurrentReportingStatus_1">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="label_dei_EntityCurrentReportingStatus_1" xlink:title="Label : dei_EntityCurrentReportingStatus to label_dei_EntityCurrentReportingStatus_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_VestingInYearThreeMember" xlink:label="dq_VestingInYearThreeMember" xlink:title="dq_VestingInYearThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_VestingInYearThreeMember" xml:lang="en-US" id="label_dq_VestingInYearThreeMember">Vesting in Year Three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearThreeMember" xlink:to="label_dq_VestingInYearThreeMember" xlink:title="Label : dq_VestingInYearThreeMember to label_dq_VestingInYearThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_VestingInYearThreeMember_1" xml:lang="en-US" id="label_dq_VestingInYearThreeMember_1">Vesting in Year Three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearThreeMember" xlink:to="label_dq_VestingInYearThreeMember_1" xlink:title="Label : dq_VestingInYearThreeMember to label_dq_VestingInYearThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_VestingInYearThreeMember_2" xml:lang="en-US" id="label_dq_VestingInYearThreeMember_2">Vesting Thereafter [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearThreeMember" xlink:to="label_dq_VestingInYearThreeMember_2" xlink:title="Label : dq_VestingInYearThreeMember to label_dq_VestingInYearThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xlink:title="dei_EntityFilerCategory" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityFilerCategory" xml:lang="en-US" id="label_dei_EntityFilerCategory">Entity Filer Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="label_dei_EntityFilerCategory" xlink:title="Label : dei_EntityFilerCategory to label_dei_EntityFilerCategory" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityFilerCategory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_EntityFilerCategory_1" xml:lang="en-US" id="label_dei_EntityFilerCategory_1">Entity Filer Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="label_dei_EntityFilerCategory_1" xlink:title="Label : dei_EntityFilerCategory to label_dei_EntityFilerCategory_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_VestingInYearTwoMember" xlink:label="dq_VestingInYearTwoMember" xlink:title="dq_VestingInYearTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_VestingInYearTwoMember" xml:lang="en-US" id="label_dq_VestingInYearTwoMember">Vesting in Year Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearTwoMember" xlink:to="label_dq_VestingInYearTwoMember" xlink:title="Label : dq_VestingInYearTwoMember to label_dq_VestingInYearTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_VestingInYearTwoMember_1" xml:lang="en-US" id="label_dq_VestingInYearTwoMember_1">Vesting in Year Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearTwoMember" xlink:to="label_dq_VestingInYearTwoMember_1" xlink:title="Label : dq_VestingInYearTwoMember to label_dq_VestingInYearTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_VestingInYearTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_VestingInYearTwoMember_2" xml:lang="en-US" id="label_dq_VestingInYearTwoMember_2">Vesting in Second Half Year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_VestingInYearTwoMember" xlink:to="label_dq_VestingInYearTwoMember_2" xlink:title="Label : dq_VestingInYearTwoMember to label_dq_VestingInYearTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_WaferMember" xlink:label="dq_WaferMember" xlink:title="dq_WaferMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_WaferMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_WaferMember" xml:lang="en-US" id="label_dq_WaferMember">Wafer [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_WaferMember" xlink:to="label_dq_WaferMember" xlink:title="Label : dq_WaferMember to label_dq_WaferMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_WaferMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_WaferMember_1" xml:lang="en-US" id="label_dq_WaferMember_1">Wafer [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_WaferMember" xlink:to="label_dq_WaferMember_1" xlink:title="Label : dq_WaferMember to label_dq_WaferMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xlink:title="dei_EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityRegistrantName" xml:lang="en-US" id="label_dei_EntityRegistrantName">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="label_dei_EntityRegistrantName" xlink:title="Label : dei_EntityRegistrantName to label_dei_EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityRegistrantName_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_EntityRegistrantName_1" xml:lang="en-US" id="label_dei_EntityRegistrantName_1">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="label_dei_EntityRegistrantName_1" xlink:title="Label : dei_EntityRegistrantName to label_dei_EntityRegistrantName_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_XinjiangDaqoNewEnergyCoLtdMember" xlink:label="dq_XinjiangDaqoNewEnergyCoLtdMember" xlink:title="dq_XinjiangDaqoNewEnergyCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_XinjiangDaqoNewEnergyCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_XinjiangDaqoNewEnergyCoLtdMember" xml:lang="en-US" id="label_dq_XinjiangDaqoNewEnergyCoLtdMember">Xinjiang Daqo New Energy Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_XinjiangDaqoNewEnergyCoLtdMember" xlink:to="label_dq_XinjiangDaqoNewEnergyCoLtdMember" xlink:title="Label : dq_XinjiangDaqoNewEnergyCoLtdMember to label_dq_XinjiangDaqoNewEnergyCoLtdMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xlink:title="dei_EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityCentralIndexKey" xml:lang="en-US" id="label_dei_EntityCentralIndexKey">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="label_dei_EntityCentralIndexKey" xlink:title="Label : dei_EntityCentralIndexKey to label_dei_EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCentralIndexKey_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_EntityCentralIndexKey_1" xml:lang="en-US" id="label_dei_EntityCentralIndexKey_1">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="label_dei_EntityCentralIndexKey_1" xlink:title="Label : dei_EntityCentralIndexKey to label_dei_EntityCentralIndexKey_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ZhengjiangDaqoSolarCoLtdMember" xlink:label="dq_ZhengjiangDaqoSolarCoLtdMember" xlink:title="dq_ZhengjiangDaqoSolarCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ZhengjiangDaqoSolarCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ZhengjiangDaqoSolarCoLtdMember" xml:lang="en-US" id="label_dq_ZhengjiangDaqoSolarCoLtdMember">Zhengjiang Daqo Solar Co. Ltd</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ZhengjiangDaqoSolarCoLtdMember" xlink:to="label_dq_ZhengjiangDaqoSolarCoLtdMember" xlink:title="Label : dq_ZhengjiangDaqoSolarCoLtdMember to label_dq_ZhengjiangDaqoSolarCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ZhengjiangDaqoSolarCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ZhengjiangDaqoSolarCoLtdMember_1" xml:lang="en-US" id="label_dq_ZhengjiangDaqoSolarCoLtdMember_1">Zhengjiang Daqo Solar Co. Ltd [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ZhengjiangDaqoSolarCoLtdMember" xlink:to="label_dq_ZhengjiangDaqoSolarCoLtdMember_1" xlink:title="Label : dq_ZhengjiangDaqoSolarCoLtdMember to label_dq_ZhengjiangDaqoSolarCoLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DepreciableAssetMember" xlink:label="dq_DepreciableAssetMember" xlink:title="dq_DepreciableAssetMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DepreciableAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DepreciableAssetMember" xml:lang="en-US" id="label_dq_DepreciableAssetMember">Depreciable Asset [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DepreciableAssetMember" xlink:to="label_dq_DepreciableAssetMember" xlink:title="Label : dq_DepreciableAssetMember to label_dq_DepreciableAssetMember" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_NonrelatedPartyMember" xlink:label="dq_NonrelatedPartyMember" xlink:title="dq_NonrelatedPartyMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_NonrelatedPartyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_NonrelatedPartyMember" xml:lang="en-US" id="label_dq_NonrelatedPartyMember">Entities that are non-related to the Company.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NonrelatedPartyMember" xlink:to="label_dq_NonrelatedPartyMember" xlink:title="Label : dq_NonrelatedPartyMember to label_dq_NonrelatedPartyMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_NonrelatedPartyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_NonrelatedPartyMember_1" xml:lang="en-US" id="label_dq_NonrelatedPartyMember_1">Nonrelated Party [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NonrelatedPartyMember" xlink:to="label_dq_NonrelatedPartyMember_1" xlink:title="Label : dq_NonrelatedPartyMember to label_dq_NonrelatedPartyMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_NonrelatedPartyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_NonrelatedPartyMember_2" xml:lang="en-US" id="label_dq_NonrelatedPartyMember_2">Third parties [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NonrelatedPartyMember" xlink:to="label_dq_NonrelatedPartyMember_2" xlink:title="Label : dq_NonrelatedPartyMember to label_dq_NonrelatedPartyMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ServiceMember" xlink:label="dq_ServiceMember" xlink:title="dq_ServiceMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ServiceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ServiceMember" xml:lang="en-US" id="label_dq_ServiceMember">Service or group of services that are sold by an entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ServiceMember" xlink:to="label_dq_ServiceMember" xlink:title="Label : dq_ServiceMember to label_dq_ServiceMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ServiceMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ServiceMember_1" xml:lang="en-US" id="label_dq_ServiceMember_1">Service [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ServiceMember" xlink:to="label_dq_ServiceMember_1" xlink:title="Label : dq_ServiceMember to label_dq_ServiceMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ServiceMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ServiceMember_2" xml:lang="en-US" id="label_dq_ServiceMember_2">Service Fee [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ServiceMember" xlink:to="label_dq_ServiceMember_2" xlink:title="Label : dq_ServiceMember to label_dq_ServiceMember_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:title="dei_EntityCommonStockSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityCommonStockSharesOutstanding" xml:lang="en-US" id="label_dei_EntityCommonStockSharesOutstanding">Entity Common Stock Shares Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="label_dei_EntityCommonStockSharesOutstanding" xlink:title="Label : dei_EntityCommonStockSharesOutstanding to label_dei_EntityCommonStockSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCommonStockSharesOutstanding_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_EntityCommonStockSharesOutstanding_1" xml:lang="en-US" id="label_dei_EntityCommonStockSharesOutstanding_1">Entity Common Stock, Shares Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="label_dei_EntityCommonStockSharesOutstanding_1" xlink:title="Label : dei_EntityCommonStockSharesOutstanding to label_dei_EntityCommonStockSharesOutstanding_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ExpectedPlantCapacity" xlink:label="dq_ExpectedPlantCapacity" xlink:title="dq_ExpectedPlantCapacity" />
    <link:label xlink:type="resource" xlink:label="label_dq_ExpectedPlantCapacity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ExpectedPlantCapacity" xml:lang="en-US" id="label_dq_ExpectedPlantCapacity">Expected Plant Capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ExpectedPlantCapacity" xlink:to="label_dq_ExpectedPlantCapacity" xlink:title="Label : dq_ExpectedPlantCapacity to label_dq_ExpectedPlantCapacity" />
    <link:label xlink:type="resource" xlink:label="label_dq_ExpectedPlantCapacity_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ExpectedPlantCapacity_1" xml:lang="en-US" id="label_dq_ExpectedPlantCapacity_1">Expected Plant Capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ExpectedPlantCapacity" xlink:to="label_dq_ExpectedPlantCapacity_1" xlink:title="Label : dq_ExpectedPlantCapacity to label_dq_ExpectedPlantCapacity_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ExpectedPlantCapacity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ExpectedPlantCapacity_2" xml:lang="en-US" id="label_dq_ExpectedPlantCapacity_2">Expected capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ExpectedPlantCapacity" xlink:to="label_dq_ExpectedPlantCapacity_2" xlink:title="Label : dq_ExpectedPlantCapacity to label_dq_ExpectedPlantCapacity_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_AverageCashCostOfPolysilicon" xlink:label="dq_AverageCashCostOfPolysilicon" xlink:title="dq_AverageCashCostOfPolysilicon" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageCashCostOfPolysilicon" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_AverageCashCostOfPolysilicon" xml:lang="en-US" id="label_dq_AverageCashCostOfPolysilicon">Average Cash Cost of Polysilicon</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageCashCostOfPolysilicon" xlink:to="label_dq_AverageCashCostOfPolysilicon" xlink:title="Label : dq_AverageCashCostOfPolysilicon to label_dq_AverageCashCostOfPolysilicon" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageCashCostOfPolysilicon_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_AverageCashCostOfPolysilicon_1" xml:lang="en-US" id="label_dq_AverageCashCostOfPolysilicon_1">Average Cash Cost of Polysilicon</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageCashCostOfPolysilicon" xlink:to="label_dq_AverageCashCostOfPolysilicon_1" xlink:title="Label : dq_AverageCashCostOfPolysilicon to label_dq_AverageCashCostOfPolysilicon_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_AverageCashCostOfPolysilicon_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_AverageCashCostOfPolysilicon_2" xml:lang="en-US" id="label_dq_AverageCashCostOfPolysilicon_2">Average cash cost of polysilicon</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_AverageCashCostOfPolysilicon" xlink:to="label_dq_AverageCashCostOfPolysilicon_2" xlink:title="Label : dq_AverageCashCostOfPolysilicon to label_dq_AverageCashCostOfPolysilicon_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DepositarySharesIssuedDuringPeriodShares" xlink:label="dq_DepositarySharesIssuedDuringPeriodShares" xlink:title="dq_DepositarySharesIssuedDuringPeriodShares" />
    <link:label xlink:type="resource" xlink:label="label_dq_DepositarySharesIssuedDuringPeriodShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DepositarySharesIssuedDuringPeriodShares" xml:lang="en-US" id="label_dq_DepositarySharesIssuedDuringPeriodShares">Number of depositary shares issued during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DepositarySharesIssuedDuringPeriodShares" xlink:to="label_dq_DepositarySharesIssuedDuringPeriodShares" xlink:title="Label : dq_DepositarySharesIssuedDuringPeriodShares to label_dq_DepositarySharesIssuedDuringPeriodShares" />
    <link:label xlink:type="resource" xlink:label="label_dq_DepositarySharesIssuedDuringPeriodShares_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DepositarySharesIssuedDuringPeriodShares_1" xml:lang="en-US" id="label_dq_DepositarySharesIssuedDuringPeriodShares_1">Depositary Shares Issued During Period, Shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DepositarySharesIssuedDuringPeriodShares" xlink:to="label_dq_DepositarySharesIssuedDuringPeriodShares_1" xlink:title="Label : dq_DepositarySharesIssuedDuringPeriodShares to label_dq_DepositarySharesIssuedDuringPeriodShares_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_DepositarySharesIssuedDuringPeriodShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_DepositarySharesIssuedDuringPeriodShares_2" xml:lang="en-US" id="label_dq_DepositarySharesIssuedDuringPeriodShares_2">America depositary shares (ADSs) issued, shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DepositarySharesIssuedDuringPeriodShares" xlink:to="label_dq_DepositarySharesIssuedDuringPeriodShares_2" xlink:title="Label : dq_DepositarySharesIssuedDuringPeriodShares to label_dq_DepositarySharesIssuedDuringPeriodShares_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ElectricityFeesMember" xlink:label="dq_ElectricityFeesMember" xlink:title="dq_ElectricityFeesMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ElectricityFeesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ElectricityFeesMember" xml:lang="en-US" id="label_dq_ElectricityFeesMember">Electricity fees [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ElectricityFeesMember" xlink:to="label_dq_ElectricityFeesMember" xlink:title="Label : dq_ElectricityFeesMember to label_dq_ElectricityFeesMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ElectricityFeesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ElectricityFeesMember_1" xml:lang="en-US" id="label_dq_ElectricityFeesMember_1">Electricity Fees [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ElectricityFeesMember" xlink:to="label_dq_ElectricityFeesMember_1" xlink:title="Label : dq_ElectricityFeesMember to label_dq_ElectricityFeesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ElectricityFeesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ElectricityFeesMember_2" xml:lang="en-US" id="label_dq_ElectricityFeesMember_2">Electricity fees [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ElectricityFeesMember" xlink:to="label_dq_ElectricityFeesMember_2" xlink:title="Label : dq_ElectricityFeesMember to label_dq_ElectricityFeesMember_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PropertyPlantAndEquipmentRelocated" xlink:label="dq_PropertyPlantAndEquipmentRelocated" xlink:title="dq_PropertyPlantAndEquipmentRelocated" />
    <link:label xlink:type="resource" xlink:label="label_dq_PropertyPlantAndEquipmentRelocated" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_PropertyPlantAndEquipmentRelocated" xml:lang="en-US" id="label_dq_PropertyPlantAndEquipmentRelocated">Fair value portion of physical assets used in the normal conduct of business to produce goods and services and not intended for resale, that have been relocated.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PropertyPlantAndEquipmentRelocated" xlink:to="label_dq_PropertyPlantAndEquipmentRelocated" xlink:title="Label : dq_PropertyPlantAndEquipmentRelocated to label_dq_PropertyPlantAndEquipmentRelocated" />
    <link:label xlink:type="resource" xlink:label="label_dq_PropertyPlantAndEquipmentRelocated_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PropertyPlantAndEquipmentRelocated_1" xml:lang="en-US" id="label_dq_PropertyPlantAndEquipmentRelocated_1">Property, Plant, and Equipment, Relocated</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PropertyPlantAndEquipmentRelocated" xlink:to="label_dq_PropertyPlantAndEquipmentRelocated_1" xlink:title="Label : dq_PropertyPlantAndEquipmentRelocated to label_dq_PropertyPlantAndEquipmentRelocated_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_PropertyPlantAndEquipmentRelocated_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_PropertyPlantAndEquipmentRelocated_2" xml:lang="en-US" id="label_dq_PropertyPlantAndEquipmentRelocated_2">Carrying value of assets relocated</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PropertyPlantAndEquipmentRelocated" xlink:to="label_dq_PropertyPlantAndEquipmentRelocated_2" xlink:title="Label : dq_PropertyPlantAndEquipmentRelocated to label_dq_PropertyPlantAndEquipmentRelocated_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PropertyPlantAndEquipmentYetToBeRelocated" xlink:label="dq_PropertyPlantAndEquipmentYetToBeRelocated" xlink:title="dq_PropertyPlantAndEquipmentYetToBeRelocated" />
    <link:label xlink:type="resource" xlink:label="label_dq_PropertyPlantAndEquipmentYetToBeRelocated" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_PropertyPlantAndEquipmentYetToBeRelocated" xml:lang="en-US" id="label_dq_PropertyPlantAndEquipmentYetToBeRelocated">Fair value portion of physical assets used in the normal conduct of business to produce goods and services and not intended for resale, that have yet to be relocated.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PropertyPlantAndEquipmentYetToBeRelocated" xlink:to="label_dq_PropertyPlantAndEquipmentYetToBeRelocated" xlink:title="Label : dq_PropertyPlantAndEquipmentYetToBeRelocated to label_dq_PropertyPlantAndEquipmentYetToBeRelocated" />
    <link:label xlink:type="resource" xlink:label="label_dq_PropertyPlantAndEquipmentYetToBeRelocated_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PropertyPlantAndEquipmentYetToBeRelocated_1" xml:lang="en-US" id="label_dq_PropertyPlantAndEquipmentYetToBeRelocated_1">Property, Plant, and Equipment, Yet To Be Relocated</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PropertyPlantAndEquipmentYetToBeRelocated" xlink:to="label_dq_PropertyPlantAndEquipmentYetToBeRelocated_1" xlink:title="Label : dq_PropertyPlantAndEquipmentYetToBeRelocated to label_dq_PropertyPlantAndEquipmentYetToBeRelocated_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_PropertyPlantAndEquipmentYetToBeRelocated_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_PropertyPlantAndEquipmentYetToBeRelocated_2" xml:lang="en-US" id="label_dq_PropertyPlantAndEquipmentYetToBeRelocated_2">Carrying value of assets yet to be relocated</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PropertyPlantAndEquipmentYetToBeRelocated" xlink:to="label_dq_PropertyPlantAndEquipmentYetToBeRelocated_2" xlink:title="Label : dq_PropertyPlantAndEquipmentYetToBeRelocated to label_dq_PropertyPlantAndEquipmentYetToBeRelocated_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" xlink:label="dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" xlink:title="dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" xml:lang="en-US" id="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation">Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset, resulting from an adjustment for deconsolidation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" xlink:to="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" xlink:title="Label : dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation to label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_1" xml:lang="en-US" id="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_1">Valuation Allowance, Deferred Tax Asset, Adjustment For Deconsolidation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" xlink:to="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_1" xlink:title="Label : dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation to label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_2" xml:lang="en-US" id="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_2">Deconsolidation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" xlink:to="label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_2" xlink:title="Label : dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation to label_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" xlink:label="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" xlink:title="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" xml:lang="en-US" id="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect">Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset resulting from the effect of foreign exchange rates.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" xlink:to="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" xlink:title="Label : dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect to label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_1" xml:lang="en-US" id="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_1">Valuation Allowance, Deferred Tax Asset, Foreign Exchange Effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" xlink:to="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_1" xlink:title="Label : dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect to label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_2" xml:lang="en-US" id="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_2">Foreign exchange effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" xlink:to="label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_2" xlink:title="Label : dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect to label_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_OptionsGrantedJanuary28Member" xlink:label="dq_OptionsGrantedJanuary28Member" xlink:title="dq_OptionsGrantedJanuary28Member" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedJanuary28Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_OptionsGrantedJanuary28Member" xml:lang="en-US" id="label_dq_OptionsGrantedJanuary28Member">Options Granted January 28, 2014 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedJanuary28Member" xlink:to="label_dq_OptionsGrantedJanuary28Member" xlink:title="Label : dq_OptionsGrantedJanuary28Member to label_dq_OptionsGrantedJanuary28Member" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedJanuary28Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_OptionsGrantedJanuary28Member_1" xml:lang="en-US" id="label_dq_OptionsGrantedJanuary28Member_1">Options Granted January 28 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedJanuary28Member" xlink:to="label_dq_OptionsGrantedJanuary28Member_1" xlink:title="Label : dq_OptionsGrantedJanuary28Member to label_dq_OptionsGrantedJanuary28Member_1" />
    <link:label xlink:type="resource" xlink:label="label_dq_OptionsGrantedJanuary28Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dq_OptionsGrantedJanuary28Member_2" xml:lang="en-US" id="label_dq_OptionsGrantedJanuary28Member_2">Options Granted January 28, 2014 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_OptionsGrantedJanuary28Member" xlink:to="label_dq_OptionsGrantedJanuary28Member_2" xlink:title="Label : dq_OptionsGrantedJanuary28Member to label_dq_OptionsGrantedJanuary28Member_2" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_JiangsuDaqoMember" xlink:label="dq_JiangsuDaqoMember" xlink:title="dq_JiangsuDaqoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_JiangsuDaqoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_JiangsuDaqoMember" xml:lang="en-US" id="label_dq_JiangsuDaqoMember">Jiangsu Daqo [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_JiangsuDaqoMember" xlink:to="label_dq_JiangsuDaqoMember" xlink:title="Label : dq_JiangsuDaqoMember to label_dq_JiangsuDaqoMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_JiangsuDaqoMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_JiangsuDaqoMember_1" xml:lang="en-US" id="label_dq_JiangsuDaqoMember_1">Jiangsu Daqo [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_JiangsuDaqoMember" xlink:to="label_dq_JiangsuDaqoMember_1" xlink:title="Label : dq_JiangsuDaqoMember to label_dq_JiangsuDaqoMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_NanjingDaqoBianyaqiMember" xlink:label="dq_NanjingDaqoBianyaqiMember" xlink:title="dq_NanjingDaqoBianyaqiMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_NanjingDaqoBianyaqiMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_NanjingDaqoBianyaqiMember" xml:lang="en-US" id="label_dq_NanjingDaqoBianyaqiMember">Nanjing Daqo Bianyaqi Member.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingDaqoBianyaqiMember" xlink:to="label_dq_NanjingDaqoBianyaqiMember" xlink:title="Label : dq_NanjingDaqoBianyaqiMember to label_dq_NanjingDaqoBianyaqiMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_NanjingDaqoBianyaqiMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_NanjingDaqoBianyaqiMember_1" xml:lang="en-US" id="label_dq_NanjingDaqoBianyaqiMember_1">Nanjing Daqo Bianyaqi [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingDaqoBianyaqiMember" xlink:to="label_dq_NanjingDaqoBianyaqiMember_1" xlink:title="Label : dq_NanjingDaqoBianyaqiMember to label_dq_NanjingDaqoBianyaqiMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ChongqingDaqoTailaiMember" xlink:label="dq_ChongqingDaqoTailaiMember" xlink:title="dq_ChongqingDaqoTailaiMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ChongqingDaqoTailaiMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ChongqingDaqoTailaiMember" xml:lang="en-US" id="label_dq_ChongqingDaqoTailaiMember">Chongqing Daqo Tailai [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ChongqingDaqoTailaiMember" xlink:to="label_dq_ChongqingDaqoTailaiMember" xlink:title="Label : dq_ChongqingDaqoTailaiMember to label_dq_ChongqingDaqoTailaiMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ChongqingDaqoTailaiMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ChongqingDaqoTailaiMember_1" xml:lang="en-US" id="label_dq_ChongqingDaqoTailaiMember_1">Chongqing Daqo Tailai [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ChongqingDaqoTailaiMember" xlink:to="label_dq_ChongqingDaqoTailaiMember_1" xlink:title="Label : dq_ChongqingDaqoTailaiMember to label_dq_ChongqingDaqoTailaiMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_DaqoTransformerMember" xlink:label="dq_DaqoTransformerMember" xlink:title="dq_DaqoTransformerMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoTransformerMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_DaqoTransformerMember" xml:lang="en-US" id="label_dq_DaqoTransformerMember">Daqo Transformer [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoTransformerMember" xlink:to="label_dq_DaqoTransformerMember" xlink:title="Label : dq_DaqoTransformerMember to label_dq_DaqoTransformerMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoTransformerMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DaqoTransformerMember_1" xml:lang="en-US" id="label_dq_DaqoTransformerMember_1">Daqo Transformer [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoTransformerMember" xlink:to="label_dq_DaqoTransformerMember_1" xlink:title="Label : dq_DaqoTransformerMember to label_dq_DaqoTransformerMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_NanjingDaqoElectricMember" xlink:label="dq_NanjingDaqoElectricMember" xlink:title="dq_NanjingDaqoElectricMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoTailaiMember" xlink:to="label_dq_DaqoTailaiMember" xlink:title="Label : dq_DaqoTailaiMember to label_dq_DaqoTailaiMember" />
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    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ShortTermCreditBorrowingsMember" xlink:label="dq_ShortTermCreditBorrowingsMember" xlink:title="dq_ShortTermCreditBorrowingsMember" />
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    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_PinganBankMember" xlink:label="dq_PinganBankMember" xlink:title="dq_PinganBankMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PinganBankMember" xlink:to="label_dq_PinganBankMember" xlink:title="Label : dq_PinganBankMember to label_dq_PinganBankMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_PinganBankMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_PinganBankMember_1" xml:lang="en-US" id="label_dq_PinganBankMember_1">Pingan Bank [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_PinganBankMember" xlink:to="label_dq_PinganBankMember_1" xlink:title="Label : dq_PinganBankMember to label_dq_PinganBankMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" xlink:title="dei_DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentFiscalYearFocus" xml:lang="en-US" id="label_dei_DocumentFiscalYearFocus">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="label_dei_DocumentFiscalYearFocus" xlink:title="Label : dei_DocumentFiscalYearFocus to label_dei_DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentFiscalYearFocus_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_DocumentFiscalYearFocus_1" xml:lang="en-US" id="label_dei_DocumentFiscalYearFocus_1">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="label_dei_DocumentFiscalYearFocus_1" xlink:title="Label : dei_DocumentFiscalYearFocus to label_dei_DocumentFiscalYearFocus_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" xlink:label="dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" xlink:title="dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" xml:lang="en-US" id="label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember">Zhenjiang Klockner-Moeller Electrical Systems Co., Ltd</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" xlink:to="label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" xlink:title="Label : dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember to label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember_1" xml:lang="en-US" id="label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember_1">Zhenjiang Klockner-Moeller Electrical Systems Co., Ltd [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember" xlink:to="label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember_1" xlink:title="Label : dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember to label_dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:title="dei_DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentFiscalPeriodFocus" xml:lang="en-US" id="label_dei_DocumentFiscalPeriodFocus">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="label_dei_DocumentFiscalPeriodFocus" xlink:title="Label : dei_DocumentFiscalPeriodFocus to label_dei_DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentFiscalPeriodFocus_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_DocumentFiscalPeriodFocus_1" xml:lang="en-US" id="label_dei_DocumentFiscalPeriodFocus_1">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="label_dei_DocumentFiscalPeriodFocus_1" xlink:title="Label : dei_DocumentFiscalPeriodFocus to label_dei_DocumentFiscalPeriodFocus_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_NanjingIntelligentApparatusCoLtdMember" xlink:label="dq_NanjingIntelligentApparatusCoLtdMember" xlink:title="dq_NanjingIntelligentApparatusCoLtdMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingIntelligentApparatusCoLtdMember" xlink:to="label_dq_NanjingIntelligentApparatusCoLtdMember" xlink:title="Label : dq_NanjingIntelligentApparatusCoLtdMember to label_dq_NanjingIntelligentApparatusCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_NanjingIntelligentApparatusCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_NanjingIntelligentApparatusCoLtdMember_1" xml:lang="en-US" id="label_dq_NanjingIntelligentApparatusCoLtdMember_1">Nanjing Intelligent Apparatus Co., Ltd [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingIntelligentApparatusCoLtdMember" xlink:to="label_dq_NanjingIntelligentApparatusCoLtdMember_1" xlink:title="Label : dq_NanjingIntelligentApparatusCoLtdMember to label_dq_NanjingIntelligentApparatusCoLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_NanjingIntelligentSoftwareCoLtdMember" xlink:label="dq_NanjingIntelligentSoftwareCoLtdMember" xlink:title="dq_NanjingIntelligentSoftwareCoLtdMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingIntelligentSoftwareCoLtdMember" xlink:to="label_dq_NanjingIntelligentSoftwareCoLtdMember" xlink:title="Label : dq_NanjingIntelligentSoftwareCoLtdMember to label_dq_NanjingIntelligentSoftwareCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_NanjingIntelligentSoftwareCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_NanjingIntelligentSoftwareCoLtdMember_1" xml:lang="en-US" id="label_dq_NanjingIntelligentSoftwareCoLtdMember_1">Nanjing Intelligent Software Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_NanjingIntelligentSoftwareCoLtdMember" xlink:to="label_dq_NanjingIntelligentSoftwareCoLtdMember_1" xlink:title="Label : dq_NanjingIntelligentSoftwareCoLtdMember to label_dq_NanjingIntelligentSoftwareCoLtdMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoInvestmentCoLtdMember" xlink:to="label_dq_DaqoInvestmentCoLtdMember" xlink:title="Label : dq_DaqoInvestmentCoLtdMember to label_dq_DaqoInvestmentCoLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_dq_DaqoInvestmentCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_DaqoInvestmentCoLtdMember_1" xml:lang="en-US" id="label_dq_DaqoInvestmentCoLtdMember_1">Daqo Investment Co., Ltd [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_DaqoInvestmentCoLtdMember" xlink:to="label_dq_DaqoInvestmentCoLtdMember_1" xlink:title="Label : dq_DaqoInvestmentCoLtdMember to label_dq_DaqoInvestmentCoLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="dq-20141231.xsd#dq_ShanghaiSailfarElectricTechnologyCoLtdMember" xlink:label="dq_ShanghaiSailfarElectricTechnologyCoLtdMember" xlink:title="dq_ShanghaiSailfarElectricTechnologyCoLtdMember" />
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    <link:label xlink:type="resource" xlink:label="label_dq_ShanghaiSailfarElectricTechnologyCoLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dq_ShanghaiSailfarElectricTechnologyCoLtdMember_1" xml:lang="en-US" id="label_dq_ShanghaiSailfarElectricTechnologyCoLtdMember_1">Shanghai Sailfar Electric Technology Co., Ltd. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dq_ShanghaiSailfarElectricTechnologyCoLtdMember" xlink:to="label_dq_ShanghaiSailfarElectricTechnologyCoLtdMember_1" xlink:title="Label : dq_ShanghaiSailfarElectricTechnologyCoLtdMember to label_dq_ShanghaiSailfarElectricTechnologyCoLtdMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="label_dei_LegalEntityAxis" xlink:title="Label : dei_LegalEntityAxis to label_dei_LegalEntityAxis" />
    <link:label xlink:type="resource" xlink:label="label_dei_LegalEntityAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_LegalEntityAxis_1" xml:lang="en-US" id="label_dei_LegalEntityAxis_1">Legal Entity [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="label_dei_LegalEntityAxis_1" xlink:title="Label : dei_LegalEntityAxis to label_dei_LegalEntityAxis_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="label_dei_DocumentType" xlink:title="Label : dei_DocumentType to label_dei_DocumentType" />
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentType_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_dei_DocumentType_1" xml:lang="en-US" id="label_dei_DocumentType_1">Document Type</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xml:lang="en-US" id="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue">Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:to="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:title="Label : us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue to label_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_1" xml:lang="en-US" id="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_1">Share-based compensation</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" xlink:title="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" xml:lang="en-US" id="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts">Adjustments To Additional Paid In Capital Stock Issued Issuance Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" xlink:to="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" xlink:title="Label : us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts to label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_1" xml:lang="en-US" id="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_1">Issuance of ordinary shares in the initial public offering, commission and issuance cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" xlink:to="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_1" xlink:title="Label : us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts to label_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdvancesOnInventoryPurchases" xlink:label="us-gaap_AdvancesOnInventoryPurchases" xlink:title="us-gaap_AdvancesOnInventoryPurchases" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdvancesOnInventoryPurchases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AdvancesOnInventoryPurchases" xml:lang="en-US" id="label_us-gaap_AdvancesOnInventoryPurchases">Advances on Inventory Purchases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdvancesOnInventoryPurchases" xlink:to="label_us-gaap_AdvancesOnInventoryPurchases" xlink:title="Label : us-gaap_AdvancesOnInventoryPurchases to label_us-gaap_AdvancesOnInventoryPurchases" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdvancesOnInventoryPurchases_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AdvancesOnInventoryPurchases_1" xml:lang="en-US" id="label_us-gaap_AdvancesOnInventoryPurchases_1">Advances to suppliers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdvancesOnInventoryPurchases" xlink:to="label_us-gaap_AdvancesOnInventoryPurchases_1" xlink:title="Label : us-gaap_AdvancesOnInventoryPurchases to label_us-gaap_AdvancesOnInventoryPurchases_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AffiliatedEntityMember" xlink:label="us-gaap_AffiliatedEntityMember" xlink:title="us-gaap_AffiliatedEntityMember" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AffiliatedEntityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AffiliatedEntityMember" xml:lang="en-US" id="label_us-gaap_AffiliatedEntityMember">Affiliated Entity [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AffiliatedEntityMember" xlink:to="label_us-gaap_AffiliatedEntityMember" xlink:title="Label : us-gaap_AffiliatedEntityMember to label_us-gaap_AffiliatedEntityMember" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AffiliatedEntityMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AffiliatedEntityMember_1" xml:lang="en-US" id="label_us-gaap_AffiliatedEntityMember_1">Related parties [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AffiliatedEntityMember" xlink:to="label_us-gaap_AffiliatedEntityMember_1" xlink:title="Label : us-gaap_AffiliatedEntityMember to label_us-gaap_AffiliatedEntityMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense" xlink:title="us-gaap_AllocatedShareBasedCompensationExpense" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllocatedShareBasedCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AllocatedShareBasedCompensationExpense" xml:lang="en-US" id="label_us-gaap_AllocatedShareBasedCompensationExpense">Allocated Share-based Compensation Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="label_us-gaap_AllocatedShareBasedCompensationExpense" xlink:title="Label : us-gaap_AllocatedShareBasedCompensationExpense to label_us-gaap_AllocatedShareBasedCompensationExpense" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllocatedShareBasedCompensationExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AllocatedShareBasedCompensationExpense_1" xml:lang="en-US" id="label_us-gaap_AllocatedShareBasedCompensationExpense_1">Share-based compensation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="label_us-gaap_AllocatedShareBasedCompensationExpense_1" xlink:title="Label : us-gaap_AllocatedShareBasedCompensationExpense to label_us-gaap_AllocatedShareBasedCompensationExpense_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:title="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent">Allowance For Doubtful Accounts Receivable Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:to="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:title="Label : us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent to label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_1" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_1">Accounts receivable, allowance for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:to="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_1" xlink:title="Label : us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent to label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:title="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries">Allowance for Doubtful Accounts Receivable, Recoveries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:to="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:title="Label : us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries to label_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries_1" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries_1">Allowances reversed during the period</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward" xlink:title="us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward">Allowance for Doubtful Accounts Receivable [Roll Forward]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_1" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_1">Analysis of allowances for accounts receivable is as follows:</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:title="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xml:lang="en-US" id="label_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock">Allowance for Credit Losses on Financing Receivables [Table Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_1" xml:lang="en-US" id="label_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_1">Schedule of Allowances for Accounts Receivable</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:title="us-gaap_AllowanceForDoubtfulAccountsReceivable" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivable" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivable">Allowance for Doubtful Accounts Receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:to="label_us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:title="Label : us-gaap_AllowanceForDoubtfulAccountsReceivable to label_us-gaap_AllowanceForDoubtfulAccountsReceivable" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_1" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_1">Closing balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:to="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_1" xlink:title="Label : us-gaap_AllowanceForDoubtfulAccountsReceivable to label_us-gaap_AllowanceForDoubtfulAccountsReceivable_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_2" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_2">Beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:to="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_2" xlink:title="Label : us-gaap_AllowanceForDoubtfulAccountsReceivable to label_us-gaap_AllowanceForDoubtfulAccountsReceivable_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:title="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetReportingCurrencyDenominatedValue" xlink:label="us-gaap_AssetReportingCurrencyDenominatedValue" xlink:title="us-gaap_AssetReportingCurrencyDenominatedValue" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetReportingCurrencyDenominatedValue" xlink:to="label_us-gaap_AssetReportingCurrencyDenominatedValue" xlink:title="Label : us-gaap_AssetReportingCurrencyDenominatedValue to label_us-gaap_AssetReportingCurrencyDenominatedValue" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetReportingCurrencyDenominatedValue" xlink:to="label_us-gaap_AssetReportingCurrencyDenominatedValue_1" xlink:title="Label : us-gaap_AssetReportingCurrencyDenominatedValue to label_us-gaap_AssetReportingCurrencyDenominatedValue_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetImpairmentCharges" xml:lang="en-US" id="label_us-gaap_AssetImpairmentCharges">Asset Impairment Charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="label_us-gaap_AssetImpairmentCharges" xlink:title="Label : us-gaap_AssetImpairmentCharges to label_us-gaap_AssetImpairmentCharges" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetImpairmentCharges_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AssetImpairmentCharges_1" xml:lang="en-US" id="label_us-gaap_AssetImpairmentCharges_1">Long-lived asset impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="label_us-gaap_AssetImpairmentCharges_1" xlink:title="Label : us-gaap_AssetImpairmentCharges to label_us-gaap_AssetImpairmentCharges_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="label_us-gaap_AssetImpairmentCharges_2" xlink:title="Label : us-gaap_AssetImpairmentCharges to label_us-gaap_AssetImpairmentCharges_2" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetImpairmentChargesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetImpairmentChargesAbstract" xml:lang="en-US" id="label_us-gaap_AssetImpairmentChargesAbstract">Asset Impairment Charges [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentChargesAbstract" xlink:to="label_us-gaap_AssetImpairmentChargesAbstract" xlink:title="Label : us-gaap_AssetImpairmentChargesAbstract to label_us-gaap_AssetImpairmentChargesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetImpairmentChargesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AssetImpairmentChargesAbstract_1" xml:lang="en-US" id="label_us-gaap_AssetImpairmentChargesAbstract_1">Impairment of long-lived assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentChargesAbstract" xlink:to="label_us-gaap_AssetImpairmentChargesAbstract_1" xlink:title="Label : us-gaap_AssetImpairmentChargesAbstract to label_us-gaap_AssetImpairmentChargesAbstract_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_Assets" xml:lang="en-US" id="label_us-gaap_Assets">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="label_us-gaap_Assets" xlink:title="Label : us-gaap_Assets to label_us-gaap_Assets" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_Assets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_Assets_1" xml:lang="en-US" id="label_us-gaap_Assets_1">Total Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="label_us-gaap_Assets_1" xlink:title="Label : us-gaap_Assets to label_us-gaap_Assets_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_Assets_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_Assets_2" xml:lang="en-US" id="label_us-gaap_Assets_2">TOTAL ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="label_us-gaap_Assets_2" xlink:title="Label : us-gaap_Assets to label_us-gaap_Assets_2" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetsCurrentAbstract" xml:lang="en-US" id="label_us-gaap_AssetsCurrentAbstract">Assets Current [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="label_us-gaap_AssetsCurrentAbstract" xlink:title="Label : us-gaap_AssetsCurrentAbstract to label_us-gaap_AssetsCurrentAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsCurrentAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AssetsCurrentAbstract_1" xml:lang="en-US" id="label_us-gaap_AssetsCurrentAbstract_1">Current assets:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="label_us-gaap_AssetsCurrentAbstract_1" xlink:title="Label : us-gaap_AssetsCurrentAbstract to label_us-gaap_AssetsCurrentAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" xlink:title="us-gaap_AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetsAbstract" xml:lang="en-US" id="label_us-gaap_AssetsAbstract">Assets [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="label_us-gaap_AssetsAbstract" xlink:title="Label : us-gaap_AssetsAbstract to label_us-gaap_AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AssetsAbstract_1" xml:lang="en-US" id="label_us-gaap_AssetsAbstract_1">ASSETS:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="label_us-gaap_AssetsAbstract_1" xlink:title="Label : us-gaap_AssetsAbstract to label_us-gaap_AssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" xlink:title="us-gaap_AssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetsCurrent" xml:lang="en-US" id="label_us-gaap_AssetsCurrent">Assets Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="label_us-gaap_AssetsCurrent" xlink:title="Label : us-gaap_AssetsCurrent to label_us-gaap_AssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsCurrent_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_AssetsCurrent_1" xml:lang="en-US" id="label_us-gaap_AssetsCurrent_1">Total current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="label_us-gaap_AssetsCurrent_1" xlink:title="Label : us-gaap_AssetsCurrent to label_us-gaap_AssetsCurrent_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetsNet" xml:lang="en-US" id="label_us-gaap_AssetsNet">Assets, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNet" xlink:to="label_us-gaap_AssetsNet" xlink:title="Label : us-gaap_AssetsNet to label_us-gaap_AssetsNet" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsNet_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_AssetsNet_1" xml:lang="en-US" id="label_us-gaap_AssetsNet_1">Net assets</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessExitCosts1" xlink:to="label_us-gaap_BusinessExitCosts1_1" xlink:title="Label : us-gaap_BusinessExitCosts1 to label_us-gaap_BusinessExitCosts1_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">Cash And Cash Equivalents Period Increase Decrease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="Label : us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease to label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_1" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_1">Net (decrease) increase in cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_1" xlink:title="Label : us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease to label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAtCarryingValue">Cash And Cash Equivalents At Carrying Value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="Label : us-gaap_CashAndCashEquivalentsAtCarryingValue to label_us-gaap_CashAndCashEquivalentsAtCarryingValue" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_1" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_1">Cash and cash equivalents at the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_1" xlink:title="Label : us-gaap_CashAndCashEquivalentsAtCarryingValue to label_us-gaap_CashAndCashEquivalentsAtCarryingValue_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_2" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_2">Cash and cash equivalents at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_2" xlink:title="Label : us-gaap_CashAndCashEquivalentsAtCarryingValue to label_us-gaap_CashAndCashEquivalentsAtCarryingValue_2" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_3" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_3">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_3" xlink:title="Label : us-gaap_CashAndCashEquivalentsAtCarryingValue to label_us-gaap_CashAndCashEquivalentsAtCarryingValue_3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:title="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy">Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:to="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:title="Label : us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy to label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_1" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_1">Restricted cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:to="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_1" xlink:title="Label : us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy to label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashDivestedFromDeconsolidation" xlink:label="us-gaap_CashDivestedFromDeconsolidation" xlink:title="us-gaap_CashDivestedFromDeconsolidation" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashDivestedFromDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CashDivestedFromDeconsolidation" xml:lang="en-US" id="label_us-gaap_CashDivestedFromDeconsolidation">Cash Divested from Deconsolidation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashDivestedFromDeconsolidation" xlink:to="label_us-gaap_CashDivestedFromDeconsolidation" xlink:title="Label : us-gaap_CashDivestedFromDeconsolidation to label_us-gaap_CashDivestedFromDeconsolidation" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashDivestedFromDeconsolidation_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_us-gaap_CashDivestedFromDeconsolidation_1" xml:lang="en-US" id="label_us-gaap_CashDivestedFromDeconsolidation_1">Decrease in cash on deconsolidation of Daqo New Material</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashDivestedFromDeconsolidation" xlink:to="label_us-gaap_CashDivestedFromDeconsolidation_1" xlink:title="Label : us-gaap_CashDivestedFromDeconsolidation to label_us-gaap_CashDivestedFromDeconsolidation_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashDivestedFromDeconsolidation_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_us-gaap_CashDivestedFromDeconsolidation_2" xml:lang="en-US" id="label_us-gaap_CashDivestedFromDeconsolidation_2">Less: cash and cash equivalents disposed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashDivestedFromDeconsolidation" xlink:to="label_us-gaap_CashDivestedFromDeconsolidation_2" xlink:title="Label : us-gaap_CashDivestedFromDeconsolidation to label_us-gaap_CashDivestedFromDeconsolidation_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ChangeInAccountingEstimateTypeDomain" xlink:label="us-gaap_ChangeInAccountingEstimateTypeDomain" xlink:title="us-gaap_ChangeInAccountingEstimateTypeDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ChangeInAccountingEstimateTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ChangeInAccountingEstimateTypeDomain" xml:lang="en-US" id="label_us-gaap_ChangeInAccountingEstimateTypeDomain">Change in Accounting Estimate, Type [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ChangeInAccountingEstimateTypeDomain" xlink:to="label_us-gaap_ChangeInAccountingEstimateTypeDomain" xlink:title="Label : us-gaap_ChangeInAccountingEstimateTypeDomain to label_us-gaap_ChangeInAccountingEstimateTypeDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ChangeInAccountingEstimateByTypeAxis" xlink:label="us-gaap_ChangeInAccountingEstimateByTypeAxis" xlink:title="us-gaap_ChangeInAccountingEstimateByTypeAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ChangeInAccountingEstimateByTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ChangeInAccountingEstimateByTypeAxis" xml:lang="en-US" id="label_us-gaap_ChangeInAccountingEstimateByTypeAxis">Change in Accounting Estimate by Type [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ChangeInAccountingEstimateByTypeAxis" xlink:to="label_us-gaap_ChangeInAccountingEstimateByTypeAxis" xlink:title="Label : us-gaap_ChangeInAccountingEstimateByTypeAxis to label_us-gaap_ChangeInAccountingEstimateByTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:title="us-gaap_ClassificationOfVariableInterestEntityDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ClassificationOfVariableInterestEntityDomain" xml:lang="en-US" id="label_us-gaap_ClassificationOfVariableInterestEntityDomain">Classification Of Variable Interest Entity [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:to="label_us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:title="Label : us-gaap_ClassificationOfVariableInterestEntityDomain to label_us-gaap_ClassificationOfVariableInterestEntityDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ClassificationOfVariableInterestEntityDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ClassificationOfVariableInterestEntityDomain_1" xml:lang="en-US" id="label_us-gaap_ClassificationOfVariableInterestEntityDomain_1">Variable Interest Entity, Classification [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:to="label_us-gaap_ClassificationOfVariableInterestEntityDomain_1" xlink:title="Label : us-gaap_ClassificationOfVariableInterestEntityDomain to label_us-gaap_ClassificationOfVariableInterestEntityDomain_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsDisclosureTextBlock" xlink:label="us-gaap_CommitmentsDisclosureTextBlock" xlink:title="us-gaap_CommitmentsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommitmentsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommitmentsDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_CommitmentsDisclosureTextBlock">Commitments Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsDisclosureTextBlock" xlink:to="label_us-gaap_CommitmentsDisclosureTextBlock" xlink:title="Label : us-gaap_CommitmentsDisclosureTextBlock to label_us-gaap_CommitmentsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommitmentsDisclosureTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CommitmentsDisclosureTextBlock_1" xml:lang="en-US" id="label_us-gaap_CommitmentsDisclosureTextBlock_1">COMMITMENTS AND CONTINGENCIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsDisclosureTextBlock" xlink:to="label_us-gaap_CommitmentsDisclosureTextBlock_1" xlink:title="Label : us-gaap_CommitmentsDisclosureTextBlock to label_us-gaap_CommitmentsDisclosureTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:title="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">COMMITMENTS AND CONTINGENCIES [Abstract]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommitmentsAndContingencies" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingencies">Commitments And Contingencies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="label_us-gaap_CommitmentsAndContingencies" xlink:title="Label : us-gaap_CommitmentsAndContingencies to label_us-gaap_CommitmentsAndContingencies" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommitmentsAndContingencies_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CommitmentsAndContingencies_1" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingencies_1">Commitments and contingencies (Note 17)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="label_us-gaap_CommitmentsAndContingencies_1" xlink:title="Label : us-gaap_CommitmentsAndContingencies to label_us-gaap_CommitmentsAndContingencies_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" xlink:title="us-gaap_CommonStockParOrStatedValuePerShare" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockParOrStatedValuePerShare" xml:lang="en-US" id="label_us-gaap_CommonStockParOrStatedValuePerShare">Common Stock Par Or Stated Value Per Share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="label_us-gaap_CommonStockParOrStatedValuePerShare" xlink:title="Label : us-gaap_CommonStockParOrStatedValuePerShare to label_us-gaap_CommonStockParOrStatedValuePerShare" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockParOrStatedValuePerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CommonStockParOrStatedValuePerShare_1" xml:lang="en-US" id="label_us-gaap_CommonStockParOrStatedValuePerShare_1">Ordinary shares, par value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="label_us-gaap_CommonStockParOrStatedValuePerShare_1" xlink:title="Label : us-gaap_CommonStockParOrStatedValuePerShare to label_us-gaap_CommonStockParOrStatedValuePerShare_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" xlink:title="us-gaap_CommonStockSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockSharesIssued" xml:lang="en-US" id="label_us-gaap_CommonStockSharesIssued">Common Stock Shares Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="label_us-gaap_CommonStockSharesIssued" xlink:title="Label : us-gaap_CommonStockSharesIssued to label_us-gaap_CommonStockSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockSharesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CommonStockSharesIssued_1" xml:lang="en-US" id="label_us-gaap_CommonStockSharesIssued_1">Ordinary shares, shares issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="label_us-gaap_CommonStockSharesIssued_1" xlink:title="Label : us-gaap_CommonStockSharesIssued to label_us-gaap_CommonStockSharesIssued_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValueOutstanding" xlink:label="us-gaap_CommonStockValueOutstanding" xlink:title="us-gaap_CommonStockValueOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockValueOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockValueOutstanding" xml:lang="en-US" id="label_us-gaap_CommonStockValueOutstanding">Common Stock, Value, Outstanding</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock" xlink:to="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock" xlink:title="Label : us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock to label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock" xlink:to="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_1" xlink:title="Label : us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock to label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xml:lang="en-US" id="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract">FINANCIAL STATEMENT SCHEDULE I [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:to="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:title="Label : us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract to label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ConsolidationItemsDomain" xml:lang="en-US" id="label_us-gaap_ConsolidationItemsDomain">Consolidation Items [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationItemsDomain" xlink:to="label_us-gaap_ConsolidationItemsDomain" xlink:title="Label : us-gaap_ConsolidationItemsDomain to label_us-gaap_ConsolidationItemsDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:label="us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:title="us-gaap_ConsolidationVariableInterestEntityPolicy" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ConsolidationVariableInterestEntityPolicy" xml:lang="en-US" id="label_us-gaap_ConsolidationVariableInterestEntityPolicy">Consolidation, Variable Interest Entity, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:to="label_us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:title="Label : us-gaap_ConsolidationVariableInterestEntityPolicy to label_us-gaap_ConsolidationVariableInterestEntityPolicy" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConsolidationVariableInterestEntityPolicy_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ConsolidationVariableInterestEntityPolicy_1" xml:lang="en-US" id="label_us-gaap_ConsolidationVariableInterestEntityPolicy_1">Variable Interest Entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:to="label_us-gaap_ConsolidationVariableInterestEntityPolicy_1" xlink:title="Label : us-gaap_ConsolidationVariableInterestEntityPolicy to label_us-gaap_ConsolidationVariableInterestEntityPolicy_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock" xlink:title="us-gaap_ConsolidationPolicyTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ConsolidationPolicyTextBlock" xml:lang="en-US" id="label_us-gaap_ConsolidationPolicyTextBlock">Consolidation, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationPolicyTextBlock" xlink:to="label_us-gaap_ConsolidationPolicyTextBlock" xlink:title="Label : us-gaap_ConsolidationPolicyTextBlock to label_us-gaap_ConsolidationPolicyTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConsolidationPolicyTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ConsolidationPolicyTextBlock_1" xml:lang="en-US" id="label_us-gaap_ConsolidationPolicyTextBlock_1">Basis of consolidations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationPolicyTextBlock" xlink:to="label_us-gaap_ConsolidationPolicyTextBlock_1" xlink:title="Label : us-gaap_ConsolidationPolicyTextBlock to label_us-gaap_ConsolidationPolicyTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="us-gaap_ConsolidationItemsAxis" xlink:title="us-gaap_ConsolidationItemsAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ConsolidationItemsAxis" xml:lang="en-US" id="label_us-gaap_ConsolidationItemsAxis">Consolidation Items [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationItemsAxis" xlink:to="label_us-gaap_ConsolidationItemsAxis" xlink:title="Label : us-gaap_ConsolidationItemsAxis to label_us-gaap_ConsolidationItemsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:label="us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:title="us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xml:lang="en-US" id="label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy">Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:to="label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:title="Label : us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy to label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_1" xml:lang="en-US" id="label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_1">Noncontrolling interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:to="label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_1" xlink:title="Label : us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy to label_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConstructionInProgressMember" xlink:label="us-gaap_ConstructionInProgressMember" xlink:title="us-gaap_ConstructionInProgressMember" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ConstructionInProgressMember" xml:lang="en-US" id="label_us-gaap_ConstructionInProgressMember">Construction in process [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionInProgressMember" xlink:to="label_us-gaap_ConstructionInProgressMember" xlink:title="Label : us-gaap_ConstructionInProgressMember to label_us-gaap_ConstructionInProgressMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConversionOfStockAmountConverted1" xlink:label="us-gaap_ConversionOfStockAmountConverted1" xlink:title="us-gaap_ConversionOfStockAmountConverted1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConversionOfStockAmountConverted1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ConversionOfStockAmountConverted1" xml:lang="en-US" id="label_us-gaap_ConversionOfStockAmountConverted1">Conversion Of Stock Amount Converted 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConversionOfStockAmountConverted1" xlink:to="label_us-gaap_ConversionOfStockAmountConverted1" xlink:title="Label : us-gaap_ConversionOfStockAmountConverted1 to label_us-gaap_ConversionOfStockAmountConverted1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConversionOfStockAmountConverted1_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ConversionOfStockAmountConverted1_1" xml:lang="en-US" id="label_us-gaap_ConversionOfStockAmountConverted1_1">Conversion of Series A convertible redeemable preferred shares into ordinary shares</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostOfRevenueAbstract" xlink:label="us-gaap_CostOfRevenueAbstract" xlink:title="us-gaap_CostOfRevenueAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfRevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CostOfRevenueAbstract" xml:lang="en-US" id="label_us-gaap_CostOfRevenueAbstract">Cost Of Revenue [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfRevenueAbstract" xlink:to="label_us-gaap_CostOfRevenueAbstract" xlink:title="Label : us-gaap_CostOfRevenueAbstract to label_us-gaap_CostOfRevenueAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfRevenueAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CostOfRevenueAbstract_1" xml:lang="en-US" id="label_us-gaap_CostOfRevenueAbstract_1">Cost of revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfRevenueAbstract" xlink:to="label_us-gaap_CostOfRevenueAbstract_1" xlink:title="Label : us-gaap_CostOfRevenueAbstract to label_us-gaap_CostOfRevenueAbstract_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfGoodsSold" xlink:to="label_us-gaap_CostOfGoodsSold" xlink:title="Label : us-gaap_CostOfGoodsSold to label_us-gaap_CostOfGoodsSold" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfGoodsSold_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_us-gaap_CostOfGoodsSold_1" xml:lang="en-US" id="label_us-gaap_CostOfGoodsSold_1">Sales to third parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfGoodsSold" xlink:to="label_us-gaap_CostOfGoodsSold_1" xlink:title="Label : us-gaap_CostOfGoodsSold to label_us-gaap_CostOfGoodsSold_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfSalesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CostOfSalesPolicyTextBlock" xml:lang="en-US" id="label_us-gaap_CostOfSalesPolicyTextBlock">Cost of Sales, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfSalesPolicyTextBlock" xlink:to="label_us-gaap_CostOfSalesPolicyTextBlock" xlink:title="Label : us-gaap_CostOfSalesPolicyTextBlock to label_us-gaap_CostOfSalesPolicyTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfSalesPolicyTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CostOfSalesPolicyTextBlock_1" xml:lang="en-US" id="label_us-gaap_CostOfSalesPolicyTextBlock_1">Cost of revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfSalesPolicyTextBlock" xlink:to="label_us-gaap_CostOfSalesPolicyTextBlock_1" xlink:title="Label : us-gaap_CostOfSalesPolicyTextBlock to label_us-gaap_CostOfSalesPolicyTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostOfRevenue" xlink:label="us-gaap_CostOfRevenue" xlink:title="us-gaap_CostOfRevenue" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CostOfRevenue" xml:lang="en-US" id="label_us-gaap_CostOfRevenue">Cost Of Revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfRevenue" xlink:to="label_us-gaap_CostOfRevenue" xlink:title="Label : us-gaap_CostOfRevenue to label_us-gaap_CostOfRevenue" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfRevenue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CostOfRevenue_1" xml:lang="en-US" id="label_us-gaap_CostOfRevenue_1">Cost of revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfRevenue" xlink:to="label_us-gaap_CostOfRevenue_1" xlink:title="Label : us-gaap_CostOfRevenue to label_us-gaap_CostOfRevenue_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfRevenue" xlink:to="label_us-gaap_CostOfRevenue_2" xlink:title="Label : us-gaap_CostOfRevenue to label_us-gaap_CostOfRevenue_2" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfRevenue_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_us-gaap_CostOfRevenue_3" xml:lang="en-US" id="label_us-gaap_CostOfRevenue_3">Total cost of revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfRevenue" xlink:to="label_us-gaap_CostOfRevenue_3" xlink:title="Label : us-gaap_CostOfRevenue to label_us-gaap_CostOfRevenue_3" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfRevenue_4" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_us-gaap_CostOfRevenue_4" xml:lang="en-US" id="label_us-gaap_CostOfRevenue_4">Total cost of revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfRevenue" xlink:to="label_us-gaap_CostOfRevenue_4" xlink:title="Label : us-gaap_CostOfRevenue to label_us-gaap_CostOfRevenue_4" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostOfSalesMember" xlink:label="us-gaap_CostOfSalesMember" xlink:title="us-gaap_CostOfSalesMember" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfSalesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CostOfSalesMember" xml:lang="en-US" id="label_us-gaap_CostOfSalesMember">Cost of sales [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfSalesMember" xlink:to="label_us-gaap_CostOfSalesMember" xlink:title="Label : us-gaap_CostOfSalesMember to label_us-gaap_CostOfSalesMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="us-gaap_CreditFacilityAxis" xlink:title="us-gaap_CreditFacilityAxis" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityAxis" xlink:to="label_us-gaap_CreditFacilityAxis" xlink:title="Label : us-gaap_CreditFacilityAxis to label_us-gaap_CreditFacilityAxis" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_CustomerAdvancesCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CustomerAdvancesCurrent_1" xml:lang="en-US" id="label_us-gaap_CustomerAdvancesCurrent_1">Advances from customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerAdvancesCurrent" xlink:to="label_us-gaap_CustomerAdvancesCurrent_1" xlink:title="Label : us-gaap_CustomerAdvancesCurrent to label_us-gaap_CustomerAdvancesCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CustomerAdvancesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_CustomerAdvancesCurrent_2" xml:lang="en-US" id="label_us-gaap_CustomerAdvancesCurrent_2">Less: Current portion of advances from customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerAdvancesCurrent" xlink:to="label_us-gaap_CustomerAdvancesCurrent_2" xlink:title="Label : us-gaap_CustomerAdvancesCurrent to label_us-gaap_CustomerAdvancesCurrent_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerAdvancesCurrent" xlink:to="label_us-gaap_CustomerAdvancesCurrent_3" xlink:title="Label : us-gaap_CustomerAdvancesCurrent to label_us-gaap_CustomerAdvancesCurrent_3" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_CustomerAdvancesAndDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CustomerAdvancesAndDeposits" xml:lang="en-US" id="label_us-gaap_CustomerAdvancesAndDeposits">Customer Advances and Deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerAdvancesAndDeposits" xlink:to="label_us-gaap_CustomerAdvancesAndDeposits" xlink:title="Label : us-gaap_CustomerAdvancesAndDeposits to label_us-gaap_CustomerAdvancesAndDeposits" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CustomerAdvancesAndDeposits_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_CustomerAdvancesAndDeposits_1" xml:lang="en-US" id="label_us-gaap_CustomerAdvancesAndDeposits_1">Total</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CustomerAdvancesNoncurrent" xlink:label="us-gaap_CustomerAdvancesNoncurrent" xlink:title="us-gaap_CustomerAdvancesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CustomerAdvancesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CustomerAdvancesNoncurrent" xml:lang="en-US" id="label_us-gaap_CustomerAdvancesNoncurrent">Customer Advances Noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerAdvancesNoncurrent" xlink:to="label_us-gaap_CustomerAdvancesNoncurrent" xlink:title="Label : us-gaap_CustomerAdvancesNoncurrent to label_us-gaap_CustomerAdvancesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CustomerAdvancesNoncurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_CustomerAdvancesNoncurrent_1" xml:lang="en-US" id="label_us-gaap_CustomerAdvancesNoncurrent_1">Advance from customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerAdvancesNoncurrent" xlink:to="label_us-gaap_CustomerAdvancesNoncurrent_1" xlink:title="Label : us-gaap_CustomerAdvancesNoncurrent to label_us-gaap_CustomerAdvancesNoncurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CustomerAdvancesNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_CustomerAdvancesNoncurrent_2" xml:lang="en-US" id="label_us-gaap_CustomerAdvancesNoncurrent_2">Long term advances from customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerAdvancesNoncurrent" xlink:to="label_us-gaap_CustomerAdvancesNoncurrent_2" xlink:title="Label : us-gaap_CustomerAdvancesNoncurrent to label_us-gaap_CustomerAdvancesNoncurrent_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems" xlink:title="us-gaap_DebtInstrumentLineItems" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtInstrumentLineItems" xml:lang="en-US" id="label_us-gaap_DebtInstrumentLineItems">Debt Instrument [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="label_us-gaap_DebtInstrumentLineItems" xlink:title="Label : us-gaap_DebtInstrumentLineItems to label_us-gaap_DebtInstrumentLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable" xlink:title="us-gaap_DebtInstrumentTable" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtInstrumentTable" xml:lang="en-US" id="label_us-gaap_DebtInstrumentTable">Schedule of Long-term Debt Instruments [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="label_us-gaap_DebtInstrumentTable" xlink:title="Label : us-gaap_DebtInstrumentTable to label_us-gaap_DebtInstrumentTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xml:lang="en-US" id="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1">Debt Instrument, Basis Spread on Variable Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="Label : us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 to label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_1" xml:lang="en-US" id="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_1">Interest rate spread over rate issued by People's Bank of China</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_1" xlink:title="Label : us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 to label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract" xlink:title="us-gaap_DebtDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtDisclosureAbstract" xml:lang="en-US" id="label_us-gaap_DebtDisclosureAbstract">BORROWINGS [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="label_us-gaap_DebtDisclosureAbstract" xlink:title="Label : us-gaap_DebtDisclosureAbstract to label_us-gaap_DebtDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtConversionConvertedInstrumentAmount1" xlink:label="us-gaap_DebtConversionConvertedInstrumentAmount1" xlink:title="us-gaap_DebtConversionConvertedInstrumentAmount1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtConversionConvertedInstrumentAmount1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtConversionConvertedInstrumentAmount1" xml:lang="en-US" id="label_us-gaap_DebtConversionConvertedInstrumentAmount1">Debt Conversion Converted Instrument Amount 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtConversionConvertedInstrumentAmount1" xlink:to="label_us-gaap_DebtConversionConvertedInstrumentAmount1" xlink:title="Label : us-gaap_DebtConversionConvertedInstrumentAmount1 to label_us-gaap_DebtConversionConvertedInstrumentAmount1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtConversionConvertedInstrumentAmount1_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DebtConversionConvertedInstrumentAmount1_1" xml:lang="en-US" id="label_us-gaap_DebtConversionConvertedInstrumentAmount1_1">Daqo New Material's conversion of amount due to investor to owner's equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtConversionConvertedInstrumentAmount1" xlink:to="label_us-gaap_DebtConversionConvertedInstrumentAmount1_1" xlink:title="Label : us-gaap_DebtConversionConvertedInstrumentAmount1 to label_us-gaap_DebtConversionConvertedInstrumentAmount1_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="us-gaap_DebtInstrumentCollateralAmount" xlink:title="us-gaap_DebtInstrumentCollateralAmount" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentCollateralAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtInstrumentCollateralAmount" xml:lang="en-US" id="label_us-gaap_DebtInstrumentCollateralAmount">Debt Instrument, Collateral Amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCollateralAmount" xlink:to="label_us-gaap_DebtInstrumentCollateralAmount" xlink:title="Label : us-gaap_DebtInstrumentCollateralAmount to label_us-gaap_DebtInstrumentCollateralAmount" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentCollateralAmount_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DebtInstrumentCollateralAmount_1" xml:lang="en-US" id="label_us-gaap_DebtInstrumentCollateralAmount_1">Amount of collateral</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCollateralAmount" xlink:to="label_us-gaap_DebtInstrumentCollateralAmount_1" xlink:title="Label : us-gaap_DebtInstrumentCollateralAmount to label_us-gaap_DebtInstrumentCollateralAmount_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentCollateralAmount_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_DebtInstrumentCollateralAmount_2" xml:lang="en-US" id="label_us-gaap_DebtInstrumentCollateralAmount_2">Amount guaranteed by company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCollateralAmount" xlink:to="label_us-gaap_DebtInstrumentCollateralAmount_2" xlink:title="Label : us-gaap_DebtInstrumentCollateralAmount to label_us-gaap_DebtInstrumentCollateralAmount_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="us-gaap_DebtDisclosureTextBlock" xlink:title="us-gaap_DebtDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_DebtDisclosureTextBlock">Debt Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureTextBlock" xlink:to="label_us-gaap_DebtDisclosureTextBlock" xlink:title="Label : us-gaap_DebtDisclosureTextBlock to label_us-gaap_DebtDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtDisclosureTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DebtDisclosureTextBlock_1" xml:lang="en-US" id="label_us-gaap_DebtDisclosureTextBlock_1">BORROWINGS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureTextBlock" xlink:to="label_us-gaap_DebtDisclosureTextBlock_1" xlink:title="Label : us-gaap_DebtDisclosureTextBlock to label_us-gaap_DebtDisclosureTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:title="us-gaap_DebtLongtermAndShorttermCombinedAmount" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtLongtermAndShorttermCombinedAmount" xml:lang="en-US" id="label_us-gaap_DebtLongtermAndShorttermCombinedAmount">Debt, Long-term and Short-term, Combined Amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:to="label_us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:title="Label : us-gaap_DebtLongtermAndShorttermCombinedAmount to label_us-gaap_DebtLongtermAndShorttermCombinedAmount" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtLongtermAndShorttermCombinedAmount_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_DebtLongtermAndShorttermCombinedAmount_1" xml:lang="en-US" id="label_us-gaap_DebtLongtermAndShorttermCombinedAmount_1">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:to="label_us-gaap_DebtLongtermAndShorttermCombinedAmount_1" xlink:title="Label : us-gaap_DebtLongtermAndShorttermCombinedAmount to label_us-gaap_DebtLongtermAndShorttermCombinedAmount_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DebtInstrumentTerm" xml:lang="en-US" id="label_us-gaap_DebtInstrumentTerm">Debt Instrument, Term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTerm" xlink:to="label_us-gaap_DebtInstrumentTerm" xlink:title="Label : us-gaap_DebtInstrumentTerm to label_us-gaap_DebtInstrumentTerm" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DebtInstrumentTerm_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DebtInstrumentTerm_1" xml:lang="en-US" id="label_us-gaap_DebtInstrumentTerm_1">Term of facility</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTerm" xlink:to="label_us-gaap_DebtInstrumentTerm_1" xlink:title="Label : us-gaap_DebtInstrumentTerm to label_us-gaap_DebtInstrumentTerm_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" xlink:title="us-gaap_DebtInstrumentAxis" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueDisclosureTextBlock" xlink:to="label_us-gaap_DeferredRevenueDisclosureTextBlock_1" xlink:title="Label : us-gaap_DeferredRevenueDisclosureTextBlock to label_us-gaap_DeferredRevenueDisclosureTextBlock_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsGrossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsGrossAbstract" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsGrossAbstract">Deferred Tax Assets Change In Accounting Methods</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGrossAbstract" xlink:to="label_us-gaap_DeferredTaxAssetsGrossAbstract" xlink:title="Label : us-gaap_DeferredTaxAssetsGrossAbstract to label_us-gaap_DeferredTaxAssetsGrossAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsGrossAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsGrossAbstract_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsGrossAbstract_1">Deferred tax assets:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGrossAbstract" xlink:to="label_us-gaap_DeferredTaxAssetsGrossAbstract_1" xlink:title="Label : us-gaap_DeferredTaxAssetsGrossAbstract to label_us-gaap_DeferredTaxAssetsGrossAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementLineItems" xlink:label="us-gaap_DeferredRevenueArrangementLineItems" xlink:title="us-gaap_DeferredRevenueArrangementLineItems" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredRevenueArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredRevenueArrangementLineItems" xml:lang="en-US" id="label_us-gaap_DeferredRevenueArrangementLineItems">Deferred Revenue Arrangement [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueArrangementLineItems" xlink:to="label_us-gaap_DeferredRevenueArrangementLineItems" xlink:title="Label : us-gaap_DeferredRevenueArrangementLineItems to label_us-gaap_DeferredRevenueArrangementLineItems" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsGross" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsGross">Deferred Tax Assets, Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGross" xlink:to="label_us-gaap_DeferredTaxAssetsGross" xlink:title="Label : us-gaap_DeferredTaxAssetsGross to label_us-gaap_DeferredTaxAssetsGross" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsGross_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_DeferredTaxAssetsGross_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsGross_1">Sub-total</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNetClassificationAbstract" xlink:label="us-gaap_DeferredTaxAssetsNetClassificationAbstract" xlink:title="us-gaap_DeferredTaxAssetsNetClassificationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetClassificationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsNetClassificationAbstract" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetClassificationAbstract">Deferred Tax Assets, Net of Valuation Allowance, Classification [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetClassificationAbstract" xlink:to="label_us-gaap_DeferredTaxAssetsNetClassificationAbstract" xlink:title="Label : us-gaap_DeferredTaxAssetsNetClassificationAbstract to label_us-gaap_DeferredTaxAssetsNetClassificationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetClassificationAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsNetClassificationAbstract_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetClassificationAbstract_1">Deferred tax assets are analyzed as:</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsOther" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsOther">Deferred Tax Assets, Other</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsOther_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsOther_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsOther_1">Others</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNetCurrent" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent" xlink:title="us-gaap_DeferredTaxAssetsNetCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsNetCurrent" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetCurrent">Deferred Tax Assets Net Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetCurrent" xlink:to="label_us-gaap_DeferredTaxAssetsNetCurrent" xlink:title="Label : us-gaap_DeferredTaxAssetsNetCurrent to label_us-gaap_DeferredTaxAssetsNetCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsNetCurrent_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetCurrent_1">Deferred tax assets - current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetCurrent" xlink:to="label_us-gaap_DeferredTaxAssetsNetCurrent_1" xlink:title="Label : us-gaap_DeferredTaxAssetsNetCurrent to label_us-gaap_DeferredTaxAssetsNetCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetCurrent_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsNetCurrent_2" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetCurrent_2">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetCurrent" xlink:to="label_us-gaap_DeferredTaxAssetsNetCurrent_2" xlink:title="Label : us-gaap_DeferredTaxAssetsNetCurrent to label_us-gaap_DeferredTaxAssetsNetCurrent_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsInventory" xlink:label="us-gaap_DeferredTaxAssetsInventory" xlink:title="us-gaap_DeferredTaxAssetsInventory" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsInventory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsInventory" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsInventory">Deferred Tax Assets, Inventory</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsInventory" xlink:to="label_us-gaap_DeferredTaxAssetsInventory" xlink:title="Label : us-gaap_DeferredTaxAssetsInventory to label_us-gaap_DeferredTaxAssetsInventory" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsInventory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsInventory_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsInventory_1">Inventory write-down</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsInventory" xlink:to="label_us-gaap_DeferredTaxAssetsInventory_1" xlink:title="Label : us-gaap_DeferredTaxAssetsInventory to label_us-gaap_DeferredTaxAssetsInventory_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet" xlink:title="us-gaap_DeferredTaxAssetsNet" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsNet" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNet">Deferred Tax Assets, Net of Valuation Allowance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="label_us-gaap_DeferredTaxAssetsNet" xlink:title="Label : us-gaap_DeferredTaxAssetsNet to label_us-gaap_DeferredTaxAssetsNet" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNet_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_DeferredTaxAssetsNet_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNet_1">Total</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNetAbstract" xlink:label="us-gaap_DeferredTaxAssetsNetAbstract" xlink:title="us-gaap_DeferredTaxAssetsNetAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsNetAbstract" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetAbstract">Deferred Tax Assets, Net [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetAbstract" xlink:to="label_us-gaap_DeferredTaxAssetsNetAbstract" xlink:title="Label : us-gaap_DeferredTaxAssetsNetAbstract to label_us-gaap_DeferredTaxAssetsNetAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsNetAbstract_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetAbstract_1">Deferred tax asset:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetAbstract" xlink:to="label_us-gaap_DeferredTaxAssetsNetAbstract_1" xlink:title="Label : us-gaap_DeferredTaxAssetsNetAbstract to label_us-gaap_DeferredTaxAssetsNetAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:title="us-gaap_DeferredTaxAssetsNetNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsNetNoncurrent" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetNoncurrent">Deferred Tax Assets Net Noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:to="label_us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:title="Label : us-gaap_DeferredTaxAssetsNetNoncurrent to label_us-gaap_DeferredTaxAssetsNetNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetNoncurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsNetNoncurrent_1" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetNoncurrent_1">Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:to="label_us-gaap_DeferredTaxAssetsNetNoncurrent_1" xlink:title="Label : us-gaap_DeferredTaxAssetsNetNoncurrent to label_us-gaap_DeferredTaxAssetsNetNoncurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsNetNoncurrent_2" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetNoncurrent_2">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:to="label_us-gaap_DeferredTaxAssetsNetNoncurrent_2" xlink:title="Label : us-gaap_DeferredTaxAssetsNetNoncurrent to label_us-gaap_DeferredTaxAssetsNetNoncurrent_2" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:title="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInRestrictedCash" xlink:to="label_us-gaap_IncreaseDecreaseInRestrictedCash_1" xlink:title="Label : us-gaap_IncreaseDecreaseInRestrictedCash to label_us-gaap_IncreaseDecreaseInRestrictedCash_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:title="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xml:lang="en-US" id="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements">Incremental Common Shares Attributable to Share-based Payment Arrangements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:title="Label : us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements to label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_1" xml:lang="en-US" id="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_1">Plus: share options</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_1" xlink:title="Label : us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements to label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" xml:lang="en-US" id="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2">Ordinary shares from options included in calculation of dilutive earnings per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" xlink:title="Label : us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements to label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpenseRelatedParty" xlink:label="us-gaap_InterestExpenseRelatedParty" xlink:title="us-gaap_InterestExpenseRelatedParty" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestExpenseRelatedParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InterestExpenseRelatedParty" xml:lang="en-US" id="label_us-gaap_InterestExpenseRelatedParty">Interest Expense, Related Party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseRelatedParty" xlink:to="label_us-gaap_InterestExpenseRelatedParty" xlink:title="Label : us-gaap_InterestExpenseRelatedParty to label_us-gaap_InterestExpenseRelatedParty" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestExpenseRelatedParty_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InterestExpenseRelatedParty_1" xml:lang="en-US" id="label_us-gaap_InterestExpenseRelatedParty_1">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseRelatedParty" xlink:to="label_us-gaap_InterestExpenseRelatedParty_1" xlink:title="Label : us-gaap_InterestExpenseRelatedParty to label_us-gaap_InterestExpenseRelatedParty_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPayableCurrent" xlink:label="us-gaap_InterestPayableCurrent" xlink:title="us-gaap_InterestPayableCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InterestPayableCurrent" xml:lang="en-US" id="label_us-gaap_InterestPayableCurrent">Interest Payable, Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrent" xlink:to="label_us-gaap_InterestPayableCurrent" xlink:title="Label : us-gaap_InterestPayableCurrent to label_us-gaap_InterestPayableCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestPayableCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InterestPayableCurrent_1" xml:lang="en-US" id="label_us-gaap_InterestPayableCurrent_1">Interest payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrent" xlink:to="label_us-gaap_InterestPayableCurrent_1" xlink:title="Label : us-gaap_InterestPayableCurrent to label_us-gaap_InterestPayableCurrent_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" xlink:title="us-gaap_InterestExpense" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InterestExpense" xml:lang="en-US" id="label_us-gaap_InterestExpense">Interest Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="label_us-gaap_InterestExpense" xlink:title="Label : us-gaap_InterestExpense to label_us-gaap_InterestExpense" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_us-gaap_InterestExpense_1" xml:lang="en-US" id="label_us-gaap_InterestExpense_1">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="label_us-gaap_InterestExpense_1" xlink:title="Label : us-gaap_InterestExpense to label_us-gaap_InterestExpense_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="us-gaap_InterestCostsCapitalized" xlink:title="us-gaap_InterestCostsCapitalized" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestCostsCapitalized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InterestCostsCapitalized" xml:lang="en-US" id="label_us-gaap_InterestCostsCapitalized">Interest Costs Capitalized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestCostsCapitalized" xlink:to="label_us-gaap_InterestCostsCapitalized" xlink:title="Label : us-gaap_InterestCostsCapitalized to label_us-gaap_InterestCostsCapitalized" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestCostsCapitalized_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InterestCostsCapitalized_1" xml:lang="en-US" id="label_us-gaap_InterestCostsCapitalized_1">Interest expense capitalized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestCostsCapitalized" xlink:to="label_us-gaap_InterestCostsCapitalized_1" xlink:title="Label : us-gaap_InterestCostsCapitalized to label_us-gaap_InterestCostsCapitalized_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaid" xlink:label="us-gaap_InterestPaid" xlink:title="us-gaap_InterestPaid" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InterestPaid" xml:lang="en-US" id="label_us-gaap_InterestPaid">Interest Paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaid" xlink:to="label_us-gaap_InterestPaid" xlink:title="Label : us-gaap_InterestPaid to label_us-gaap_InterestPaid" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestPaid_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InterestPaid_1" xml:lang="en-US" id="label_us-gaap_InterestPaid_1">Interest paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaid" xlink:to="label_us-gaap_InterestPaid_1" xlink:title="Label : us-gaap_InterestPaid to label_us-gaap_InterestPaid_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryNet" xlink:label="us-gaap_InventoryNet" xlink:title="us-gaap_InventoryNet" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryNet" xml:lang="en-US" id="label_us-gaap_InventoryNet">Inventory Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNet" xlink:to="label_us-gaap_InventoryNet" xlink:title="Label : us-gaap_InventoryNet to label_us-gaap_InventoryNet" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryNet_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InventoryNet_1" xml:lang="en-US" id="label_us-gaap_InventoryNet_1">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNet" xlink:to="label_us-gaap_InventoryNet_1" xlink:title="Label : us-gaap_InventoryNet to label_us-gaap_InventoryNet_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryNet_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_InventoryNet_2" xml:lang="en-US" id="label_us-gaap_InventoryNet_2">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNet" xlink:to="label_us-gaap_InventoryNet_2" xlink:title="Label : us-gaap_InventoryNet to label_us-gaap_InventoryNet_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryFinishedGoods" xlink:label="us-gaap_InventoryFinishedGoods" xlink:title="us-gaap_InventoryFinishedGoods" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryFinishedGoods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryFinishedGoods" xml:lang="en-US" id="label_us-gaap_InventoryFinishedGoods">Inventory, Finished Goods, Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryFinishedGoods" xlink:to="label_us-gaap_InventoryFinishedGoods" xlink:title="Label : us-gaap_InventoryFinishedGoods to label_us-gaap_InventoryFinishedGoods" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryFinishedGoods_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InventoryFinishedGoods_1" xml:lang="en-US" id="label_us-gaap_InventoryFinishedGoods_1">Finished goods</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryFinishedGoods" xlink:to="label_us-gaap_InventoryFinishedGoods_1" xlink:title="Label : us-gaap_InventoryFinishedGoods to label_us-gaap_InventoryFinishedGoods_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryPolicyTextBlock" xlink:label="us-gaap_InventoryPolicyTextBlock" xlink:title="us-gaap_InventoryPolicyTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryPolicyTextBlock" xml:lang="en-US" id="label_us-gaap_InventoryPolicyTextBlock">Inventory, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryPolicyTextBlock" xlink:to="label_us-gaap_InventoryPolicyTextBlock" xlink:title="Label : us-gaap_InventoryPolicyTextBlock to label_us-gaap_InventoryPolicyTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryPolicyTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InventoryPolicyTextBlock_1" xml:lang="en-US" id="label_us-gaap_InventoryPolicyTextBlock_1">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryPolicyTextBlock" xlink:to="label_us-gaap_InventoryPolicyTextBlock_1" xlink:title="Label : us-gaap_InventoryPolicyTextBlock to label_us-gaap_InventoryPolicyTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryDisclosureTextBlock" xlink:label="us-gaap_InventoryDisclosureTextBlock" xlink:title="us-gaap_InventoryDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_InventoryDisclosureTextBlock">Inventory Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryDisclosureTextBlock" xlink:to="label_us-gaap_InventoryDisclosureTextBlock" xlink:title="Label : us-gaap_InventoryDisclosureTextBlock to label_us-gaap_InventoryDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryDisclosureTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InventoryDisclosureTextBlock_1" xml:lang="en-US" id="label_us-gaap_InventoryDisclosureTextBlock_1">INVENTORIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryDisclosureTextBlock" xlink:to="label_us-gaap_InventoryDisclosureTextBlock_1" xlink:title="Label : us-gaap_InventoryDisclosureTextBlock to label_us-gaap_InventoryDisclosureTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryWriteDown" xlink:label="us-gaap_InventoryWriteDown" xlink:title="us-gaap_InventoryWriteDown" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryWriteDown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryWriteDown" xml:lang="en-US" id="label_us-gaap_InventoryWriteDown">Inventory Write Down</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryWriteDown" xlink:to="label_us-gaap_InventoryWriteDown" xlink:title="Label : us-gaap_InventoryWriteDown to label_us-gaap_InventoryWriteDown" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryWriteDown_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InventoryWriteDown_1" xml:lang="en-US" id="label_us-gaap_InventoryWriteDown_1">Inventory write-down</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryWriteDown" xlink:to="label_us-gaap_InventoryWriteDown_1" xlink:title="Label : us-gaap_InventoryWriteDown to label_us-gaap_InventoryWriteDown_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryAdjustmentsAbstract" xlink:label="us-gaap_InventoryAdjustmentsAbstract" xlink:title="us-gaap_InventoryAdjustmentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryAdjustmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryAdjustmentsAbstract" xml:lang="en-US" id="label_us-gaap_InventoryAdjustmentsAbstract">Inventory Adjustments [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryAdjustmentsAbstract" xlink:to="label_us-gaap_InventoryAdjustmentsAbstract" xlink:title="Label : us-gaap_InventoryAdjustmentsAbstract to label_us-gaap_InventoryAdjustmentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryAdjustmentsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_InventoryAdjustmentsAbstract_1" xml:lang="en-US" id="label_us-gaap_InventoryAdjustmentsAbstract_1">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryAdjustmentsAbstract" xlink:to="label_us-gaap_InventoryAdjustmentsAbstract_1" xlink:title="Label : us-gaap_InventoryAdjustmentsAbstract to label_us-gaap_InventoryAdjustmentsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryDisclosureAbstract" xlink:label="us-gaap_InventoryDisclosureAbstract" xlink:title="us-gaap_InventoryDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryDisclosureAbstract" xml:lang="en-US" id="label_us-gaap_InventoryDisclosureAbstract">INVENTORIES [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryDisclosureAbstract" xlink:to="label_us-gaap_InventoryDisclosureAbstract" xlink:title="Label : us-gaap_InventoryDisclosureAbstract to label_us-gaap_InventoryDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryWorkInProcess" xlink:label="us-gaap_InventoryWorkInProcess" xlink:title="us-gaap_InventoryWorkInProcess" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryWorkInProcess" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryWorkInProcess" xml:lang="en-US" id="label_us-gaap_InventoryWorkInProcess">Inventory, Work in Process, Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryWorkInProcess" xlink:to="label_us-gaap_InventoryWorkInProcess" xlink:title="Label : us-gaap_InventoryWorkInProcess to label_us-gaap_InventoryWorkInProcess" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm" xlink:to="label_us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm" xlink:title="Label : us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm to label_us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm" xlink:to="label_us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm_1" xlink:title="Label : us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm to label_us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="us-gaap_LongtermDebtTypeAxis" xlink:title="us-gaap_LongtermDebtTypeAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongtermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongtermDebtTypeAxis" xml:lang="en-US" id="label_us-gaap_LongtermDebtTypeAxis">Long-term Debt, Type [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="label_us-gaap_LongtermDebtTypeAxis" xlink:title="Label : us-gaap_LongtermDebtTypeAxis to label_us-gaap_LongtermDebtTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="us-gaap_LongtermDebtTypeDomain" xlink:title="us-gaap_LongtermDebtTypeDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongtermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongtermDebtTypeDomain" xml:lang="en-US" id="label_us-gaap_LongtermDebtTypeDomain">Long-term Debt, Type [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="label_us-gaap_LongtermDebtTypeDomain" xlink:title="Label : us-gaap_LongtermDebtTypeDomain to label_us-gaap_LongtermDebtTypeDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:title="us-gaap_LongtermDebtWeightedAverageInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongtermDebtWeightedAverageInterestRate" xml:lang="en-US" id="label_us-gaap_LongtermDebtWeightedAverageInterestRate">Long-term Debt, Weighted Average Interest Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:to="label_us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:title="Label : us-gaap_LongtermDebtWeightedAverageInterestRate to label_us-gaap_LongtermDebtWeightedAverageInterestRate" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:to="label_us-gaap_LongtermDebtWeightedAverageInterestRate_1" xlink:title="Label : us-gaap_LongtermDebtWeightedAverageInterestRate to label_us-gaap_LongtermDebtWeightedAverageInterestRate_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LeaseAndRentalExpense" xlink:label="us-gaap_LeaseAndRentalExpense" xlink:title="us-gaap_LeaseAndRentalExpense" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LeaseAndRentalExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LeaseAndRentalExpense" xml:lang="en-US" id="label_us-gaap_LeaseAndRentalExpense">Operating Leases, Rent Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseAndRentalExpense" xlink:to="label_us-gaap_LeaseAndRentalExpense" xlink:title="Label : us-gaap_LeaseAndRentalExpense to label_us-gaap_LeaseAndRentalExpense" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LeaseAndRentalExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LeaseAndRentalExpense_1" xml:lang="en-US" id="label_us-gaap_LeaseAndRentalExpense_1">Lease Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseAndRentalExpense" xlink:to="label_us-gaap_LeaseAndRentalExpense_1" xlink:title="Label : us-gaap_LeaseAndRentalExpense to label_us-gaap_LeaseAndRentalExpense_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseArrangementTypeDomain" xlink:to="label_us-gaap_LeaseArrangementTypeDomain" xlink:title="Label : us-gaap_LeaseArrangementTypeDomain to label_us-gaap_LeaseArrangementTypeDomain" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LeaseExpirationDate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LeaseExpirationDate1" xml:lang="en-US" id="label_us-gaap_LeaseExpirationDate1">Lease Expiration Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseExpirationDate1" xlink:to="label_us-gaap_LeaseExpirationDate1" xlink:title="Label : us-gaap_LeaseExpirationDate1 to label_us-gaap_LeaseExpirationDate1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LeaseExpirationDate1_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LeaseExpirationDate1_1" xml:lang="en-US" id="label_us-gaap_LeaseExpirationDate1_1">Lease expiration date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseExpirationDate1" xlink:to="label_us-gaap_LeaseExpirationDate1_1" xlink:title="Label : us-gaap_LeaseExpirationDate1 to label_us-gaap_LeaseExpirationDate1_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="label_us-gaap_LiabilitiesCurrent_1" xlink:title="Label : us-gaap_LiabilitiesCurrent to label_us-gaap_LiabilitiesCurrent_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="label_us-gaap_LiabilitiesAndStockholdersEquity" xlink:title="Label : us-gaap_LiabilitiesAndStockholdersEquity to label_us-gaap_LiabilitiesAndStockholdersEquity" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LiabilitiesAndStockholdersEquity_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_LiabilitiesAndStockholdersEquity_1" xml:lang="en-US" id="label_us-gaap_LiabilitiesAndStockholdersEquity_1">TOTAL LIABILITIES AND EQUITY</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LiabilitiesCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LiabilitiesCurrentAbstract" xml:lang="en-US" id="label_us-gaap_LiabilitiesCurrentAbstract">Liabilities Current [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="label_us-gaap_LiabilitiesCurrentAbstract" xlink:title="Label : us-gaap_LiabilitiesCurrentAbstract to label_us-gaap_LiabilitiesCurrentAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="label_us-gaap_LiabilitiesCurrentAbstract_1" xlink:title="Label : us-gaap_LiabilitiesCurrentAbstract to label_us-gaap_LiabilitiesCurrentAbstract_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_Liabilities" xml:lang="en-US" id="label_us-gaap_Liabilities">Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="label_us-gaap_Liabilities" xlink:title="Label : us-gaap_Liabilities to label_us-gaap_Liabilities" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="label_us-gaap_Liabilities_1" xlink:title="Label : us-gaap_Liabilities to label_us-gaap_Liabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_Liabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_Liabilities_2" xml:lang="en-US" id="label_us-gaap_Liabilities_2">Total liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="label_us-gaap_Liabilities_2" xlink:title="Label : us-gaap_Liabilities to label_us-gaap_Liabilities_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="label_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:title="Label : us-gaap_LiabilitiesAndStockholdersEquityAbstract to label_us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="label_us-gaap_LiabilitiesAndStockholdersEquityAbstract_2" xlink:title="Label : us-gaap_LiabilitiesAndStockholdersEquityAbstract to label_us-gaap_LiabilitiesAndStockholdersEquityAbstract_2" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LineOfCreditFacilityLenderDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LineOfCreditFacilityLenderDomain" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityLenderDomain">Line of Credit Facility, Lender [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityLenderDomain" xlink:to="label_us-gaap_LineOfCreditFacilityLenderDomain" xlink:title="Label : us-gaap_LineOfCreditFacilityLenderDomain to label_us-gaap_LineOfCreditFacilityLenderDomain" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod">Line of Credit Facility, Maximum Amount Outstanding During Period</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod" xlink:to="label_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_1" xlink:title="Label : us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod to label_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="Label : us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity to label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1">Maximum borrowing amount of credit facility</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1" xlink:title="Label : us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity to label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_2" xlink:title="Label : us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity to label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_2" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="us-gaap_LineOfCreditFacilityAxis" xlink:title="us-gaap_LineOfCreditFacilityAxis" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="us-gaap_LineOfCreditMember" xlink:title="us-gaap_LineOfCreditMember" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LineOfCreditMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LineOfCreditMember" xml:lang="en-US" id="label_us-gaap_LineOfCreditMember">Bank Facilities [Member]</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:title="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_1" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_1">2015</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree">Long-term Debt, Maturities, Repayments of Principal in Year Three</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:title="Label : us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree to label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_1" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_1">2017</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo">Long-term Debt, Maturities, Repayments of Principal in Year Two</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:title="Label : us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo to label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent" xlink:title="us-gaap_LongTermDebtCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongTermDebtCurrent" xml:lang="en-US" id="label_us-gaap_LongTermDebtCurrent">Long-term Debt, Current Maturities</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LongTermDebtCurrent_1" xml:lang="en-US" id="label_us-gaap_LongTermDebtCurrent_1">Current portion of long-term debt</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtCurrent_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_LongTermDebtCurrent_2" xml:lang="en-US" id="label_us-gaap_LongTermDebtCurrent_2">Long-term bank borrowings, current portion</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent" xlink:title="us-gaap_LongTermDebtNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongTermDebtNoncurrent" xml:lang="en-US" id="label_us-gaap_LongTermDebtNoncurrent">Long Term Debt Noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="label_us-gaap_LongTermDebtNoncurrent" xlink:title="Label : us-gaap_LongTermDebtNoncurrent to label_us-gaap_LongTermDebtNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtNoncurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LongTermDebtNoncurrent_1" xml:lang="en-US" id="label_us-gaap_LongTermDebtNoncurrent_1">Long-term bank borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="label_us-gaap_LongTermDebtNoncurrent_1" xlink:title="Label : us-gaap_LongTermDebtNoncurrent to label_us-gaap_LongTermDebtNoncurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_LongTermDebtNoncurrent_2" xml:lang="en-US" id="label_us-gaap_LongTermDebtNoncurrent_2">Long-term bank borrowings, non-current portion</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="label_us-gaap_LongTermDebtNoncurrent_2" xlink:title="Label : us-gaap_LongTermDebtNoncurrent to label_us-gaap_LongTermDebtNoncurrent_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:title="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour">Long-term Debt, Maturities, Repayments of Principal in Year Four</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:title="Label : us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour to label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_1" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_1">2018</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:title="us-gaap_LossContingencyEstimateOfPossibleLoss" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LossContingencyEstimateOfPossibleLoss" xml:lang="en-US" id="label_us-gaap_LossContingencyEstimateOfPossibleLoss">Loss Contingency, Estimate of Possible Loss</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_LossContingencyEstimateOfPossibleLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_LossContingencyEstimateOfPossibleLoss_1" xml:lang="en-US" id="label_us-gaap_LossContingencyEstimateOfPossibleLoss_1">Best estimate of loss</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyInformationAboutLitigationMattersAbstract" xlink:label="us-gaap_LossContingencyInformationAboutLitigationMattersAbstract" xlink:title="us-gaap_LossContingencyInformationAboutLitigationMattersAbstract" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyDamagesSoughtValue" xlink:label="us-gaap_LossContingencyDamagesSoughtValue" xlink:title="us-gaap_LossContingencyDamagesSoughtValue" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:title="us-gaap_MaximumMember" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_MaximumMember" xml:lang="en-US" id="label_us-gaap_MaximumMember">Maximum [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="label_us-gaap_MaximumMember" xlink:title="Label : us-gaap_MaximumMember to label_us-gaap_MaximumMember" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_MinimumMember" xml:lang="en-US" id="label_us-gaap_MinimumMember">Minimum [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="label_us-gaap_MinimumMember" xlink:title="Label : us-gaap_MinimumMember to label_us-gaap_MinimumMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:title="us-gaap_MinorityInterestOwnershipPercentageByParent" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterest" xlink:label="us-gaap_MinorityInterest" xlink:title="us-gaap_MinorityInterest" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterest" xlink:to="label_us-gaap_MinorityInterest" xlink:title="Label : us-gaap_MinorityInterest to label_us-gaap_MinorityInterest" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_MinorityInterest_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_MinorityInterest_1" xml:lang="en-US" id="label_us-gaap_MinorityInterest_1">Noncontrolling interest</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NameOfMajorCustomerDomain" xlink:label="us-gaap_NameOfMajorCustomerDomain" xlink:title="us-gaap_NameOfMajorCustomerDomain" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NameOfMajorCustomerDomain" xlink:to="label_us-gaap_NameOfMajorCustomerDomain" xlink:title="Label : us-gaap_NameOfMajorCustomerDomain to label_us-gaap_NameOfMajorCustomerDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" xlink:title="us-gaap_NetIncomeLoss" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="label_us-gaap_NetIncomeLoss" xlink:title="Label : us-gaap_NetIncomeLoss to label_us-gaap_NetIncomeLoss" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetIncomeLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_NetIncomeLoss_1" xml:lang="en-US" id="label_us-gaap_NetIncomeLoss_1">Net income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="label_us-gaap_NetIncomeLoss_1" xlink:title="Label : us-gaap_NetIncomeLoss to label_us-gaap_NetIncomeLoss_1" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract" xlink:title="us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract" xlink:to="label_us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract" xlink:title="Label : us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract to label_us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:label="us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:title="us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation">Noncontrolling Interest, Decrease from Deconsolidation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:to="label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:title="Label : us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation to label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation_1" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation_1">Deconsolidation of Daqo New Material Co., Ltd.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OperatingExpensesAbstract" xml:lang="en-US" id="label_us-gaap_OperatingExpensesAbstract">Operating Expenses [Abstract]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingExpensesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_OperatingExpensesAbstract_1" xml:lang="en-US" id="label_us-gaap_OperatingExpensesAbstract_1">Operating (expenses) income:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="label_us-gaap_OperatingExpensesAbstract_1" xlink:title="Label : us-gaap_OperatingExpensesAbstract to label_us-gaap_OperatingExpensesAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingExpensesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_OperatingExpensesAbstract_2" xml:lang="en-US" id="label_us-gaap_OperatingExpensesAbstract_2">OPERATING EXPENSES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="label_us-gaap_OperatingExpensesAbstract_2" xlink:title="Label : us-gaap_OperatingExpensesAbstract to label_us-gaap_OperatingExpensesAbstract_2" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OperatingExpenses" xml:lang="en-US" id="label_us-gaap_OperatingExpenses">Operating Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="label_us-gaap_OperatingExpenses" xlink:title="Label : us-gaap_OperatingExpenses to label_us-gaap_OperatingExpenses" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingExpenses_1" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_us-gaap_OperatingExpenses_1" xml:lang="en-US" id="label_us-gaap_OperatingExpenses_1">Total operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="label_us-gaap_OperatingExpenses_1" xlink:title="Label : us-gaap_OperatingExpenses to label_us-gaap_OperatingExpenses_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:title="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears">Operating Leases, Future Minimum Payments, Due in Four Years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:title="Label : us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears to label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_1" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_1">2017</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_1" xlink:title="Label : us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears to label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:title="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesRentExpenseNet" xlink:label="us-gaap_OperatingLeasesRentExpenseNet" xlink:title="us-gaap_OperatingLeasesRentExpenseNet" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseNet" xlink:to="label_us-gaap_OperatingLeasesRentExpenseNet" xlink:title="Label : us-gaap_OperatingLeasesRentExpenseNet to label_us-gaap_OperatingLeasesRentExpenseNet" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingLeasesRentExpenseNet_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_OperatingLeasesRentExpenseNet_1" xml:lang="en-US" id="label_us-gaap_OperatingLeasesRentExpenseNet_1">Lease expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseNet" xlink:to="label_us-gaap_OperatingLeasesRentExpenseNet_1" xlink:title="Label : us-gaap_OperatingLeasesRentExpenseNet to label_us-gaap_OperatingLeasesRentExpenseNet_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:title="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears">Operating Leases, Future Minimum Payments, Due in Two Years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:title="Label : us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears to label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_1" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_1">2016</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" xlink:title="us-gaap_OperatingIncomeLoss" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OperatingIncomeLoss" xml:lang="en-US" id="label_us-gaap_OperatingIncomeLoss">Operating Income Loss</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingIncomeLoss_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_OperatingIncomeLoss_1" xml:lang="en-US" id="label_us-gaap_OperatingIncomeLoss_1">(Loss) income from operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="label_us-gaap_OperatingIncomeLoss_1" xlink:title="Label : us-gaap_OperatingIncomeLoss to label_us-gaap_OperatingIncomeLoss_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingIncomeLoss_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_OperatingIncomeLoss_2" xml:lang="en-US" id="label_us-gaap_OperatingIncomeLoss_2">Operating loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="label_us-gaap_OperatingIncomeLoss_2" xlink:title="Label : us-gaap_OperatingIncomeLoss to label_us-gaap_OperatingIncomeLoss_2" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLossCarryforwardsExpirationDate" xlink:label="us-gaap_OperatingLossCarryforwardsExpirationDate" xlink:title="us-gaap_OperatingLossCarryforwardsExpirationDate" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwardsExpirationDate" xlink:to="label_us-gaap_OperatingLossCarryforwardsExpirationDate" xlink:title="Label : us-gaap_OperatingLossCarryforwardsExpirationDate to label_us-gaap_OperatingLossCarryforwardsExpirationDate" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:title="Label : us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter to label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_1" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_1">2018 and later</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_1" xlink:title="Label : us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter to label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingCostsAndExpenses" xlink:to="label_us-gaap_OperatingCostsAndExpenses" xlink:title="Label : us-gaap_OperatingCostsAndExpenses to label_us-gaap_OperatingCostsAndExpenses" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingCostsAndExpenses" xlink:to="label_us-gaap_OperatingCostsAndExpenses_1" xlink:title="Label : us-gaap_OperatingCostsAndExpenses to label_us-gaap_OperatingCostsAndExpenses_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_1" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_1">2015</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:title="Label : us-gaap_OperatingLeasesFutureMinimumPaymentsDue to label_us-gaap_OperatingLeasesFutureMinimumPaymentsDue" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherDeferredCreditsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherDeferredCreditsNoncurrent" xml:lang="en-US" id="label_us-gaap_OtherDeferredCreditsNoncurrent">Other Deferred Credits Noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherDeferredCreditsNoncurrent" xlink:to="label_us-gaap_OtherDeferredCreditsNoncurrent" xlink:title="Label : us-gaap_OtherDeferredCreditsNoncurrent to label_us-gaap_OtherDeferredCreditsNoncurrent" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInventoriesSpareParts" xlink:label="us-gaap_OtherInventoriesSpareParts" xlink:title="us-gaap_OtherInventoriesSpareParts" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherInventoriesSpareParts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherInventoriesSpareParts" xml:lang="en-US" id="label_us-gaap_OtherInventoriesSpareParts">Other Inventories, Spare Parts, Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherInventoriesSpareParts" xlink:to="label_us-gaap_OtherInventoriesSpareParts" xlink:title="Label : us-gaap_OtherInventoriesSpareParts to label_us-gaap_OtherInventoriesSpareParts" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherOperatingIncome" xlink:to="label_us-gaap_OtherOperatingIncome_1" xlink:title="Label : us-gaap_OtherOperatingIncome to label_us-gaap_OtherOperatingIncome_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent" xlink:label="us-gaap_OtherLiabilitiesNoncurrent" xlink:title="us-gaap_OtherLiabilitiesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherLiabilitiesNoncurrent" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesNoncurrent">Other Liabilities Noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesNoncurrent" xlink:to="label_us-gaap_OtherLiabilitiesNoncurrent" xlink:title="Label : us-gaap_OtherLiabilitiesNoncurrent to label_us-gaap_OtherLiabilitiesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherLiabilitiesNoncurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_OtherLiabilitiesNoncurrent_1" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesNoncurrent_1">Long-term payables for purchase of property, plant and equipment</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="us-gaap_OtherLiabilitiesCurrent" xlink:title="us-gaap_OtherLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherLiabilitiesCurrent" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesCurrent">Other Liabilities Current</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PropertyPlantAndEquipmentAbstract" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentAbstract">PROPERTY AND EQUIPMENT, NET [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAbstract" xlink:to="label_us-gaap_PropertyPlantAndEquipmentAbstract" xlink:title="Label : us-gaap_PropertyPlantAndEquipmentAbstract to label_us-gaap_PropertyPlantAndEquipmentAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:title="us-gaap_PropertyPlantAndEquipmentTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PropertyPlantAndEquipmentTextBlock" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentTextBlock">Property, Plant and Equipment [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:to="label_us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:title="Label : us-gaap_PropertyPlantAndEquipmentTextBlock to label_us-gaap_PropertyPlantAndEquipmentTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_PropertyPlantAndEquipmentTextBlock_1" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentTextBlock_1">Schedule of Property, Plant and Equipment, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:to="label_us-gaap_PropertyPlantAndEquipmentTextBlock_1" xlink:title="Label : us-gaap_PropertyPlantAndEquipmentTextBlock to label_us-gaap_PropertyPlantAndEquipmentTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:title="us-gaap_PropertyPlantAndEquipmentTypeDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PropertyPlantAndEquipmentTypeDomain" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentTypeDomain">Property, Plant and Equipment, Type [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="label_us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:title="Label : us-gaap_PropertyPlantAndEquipmentTypeDomain to label_us-gaap_PropertyPlantAndEquipmentTypeDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:title="us-gaap_PropertyPlantAndEquipmentByTypeAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentByTypeAxis">Property, Plant and Equipment, Type [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="label_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:title="Label : us-gaap_PropertyPlantAndEquipmentByTypeAxis to label_us-gaap_PropertyPlantAndEquipmentByTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:title="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock">Property Plant And Equipment Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:to="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:title="Label : us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock to label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_1" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_1">PROPERTY, PLANT AND EQUIPMENT, NET</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:to="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_1" xlink:title="Label : us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock to label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:title="us-gaap_PropertyPlantAndEquipmentLineItems" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PropertyPlantAndEquipmentLineItems" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentLineItems">Property, Plant and Equipment [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="label_us-gaap_PropertyPlantAndEquipmentLineItems" xlink:title="Label : us-gaap_PropertyPlantAndEquipmentLineItems to label_us-gaap_PropertyPlantAndEquipmentLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="us-gaap_ProvisionForDoubtfulAccounts" xlink:title="us-gaap_ProvisionForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ProvisionForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ProvisionForDoubtfulAccounts" xml:lang="en-US" id="label_us-gaap_ProvisionForDoubtfulAccounts">Provision For Doubtful Accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForDoubtfulAccounts" xlink:to="label_us-gaap_ProvisionForDoubtfulAccounts" xlink:title="Label : us-gaap_ProvisionForDoubtfulAccounts to label_us-gaap_ProvisionForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ProvisionForDoubtfulAccounts_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ProvisionForDoubtfulAccounts_1" xml:lang="en-US" id="label_us-gaap_ProvisionForDoubtfulAccounts_1">Allowance for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForDoubtfulAccounts" xlink:to="label_us-gaap_ProvisionForDoubtfulAccounts_1" xlink:title="Label : us-gaap_ProvisionForDoubtfulAccounts to label_us-gaap_ProvisionForDoubtfulAccounts_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ProvisionForDoubtfulAccounts_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_ProvisionForDoubtfulAccounts_2" xml:lang="en-US" id="label_us-gaap_ProvisionForDoubtfulAccounts_2">Allowances (Reversal) during the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForDoubtfulAccounts" xlink:to="label_us-gaap_ProvisionForDoubtfulAccounts_2" xlink:title="Label : us-gaap_ProvisionForDoubtfulAccounts to label_us-gaap_ProvisionForDoubtfulAccounts_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" xlink:label="us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" xlink:title="us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" xml:lang="en-US" id="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted">Purchase Commitment, Remaining Minimum Amount Committed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" xlink:to="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" xlink:title="Label : us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted to label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_1" xml:lang="en-US" id="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_1">Commitments outstanding for the purchase of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" xlink:to="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_1" xlink:title="Label : us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted to label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_2" xml:lang="en-US" id="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_2">Purchase commitments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" xlink:to="label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_2" xlink:title="Label : us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted to label_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RegionalCarrierMember" xlink:label="us-gaap_RegionalCarrierMember" xlink:title="us-gaap_RegionalCarrierMember" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RegionalCarrierMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RegionalCarrierMember" xml:lang="en-US" id="label_us-gaap_RegionalCarrierMember">Regional Carrier [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RegionalCarrierMember" xlink:to="label_us-gaap_RegionalCarrierMember" xlink:title="Label : us-gaap_RegionalCarrierMember to label_us-gaap_RegionalCarrierMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:title="us-gaap_RangeAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RangeAxis" xml:lang="en-US" id="label_us-gaap_RangeAxis">Range [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="label_us-gaap_RangeAxis" xlink:title="Label : us-gaap_RangeAxis to label_us-gaap_RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:title="us-gaap_RangeMember" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RangeMember" xml:lang="en-US" id="label_us-gaap_RangeMember">Range [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="label_us-gaap_RangeMember" xlink:title="Label : us-gaap_RangeMember to label_us-gaap_RangeMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xlink:label="us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xlink:title="us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xml:lang="en-US" id="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy">Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xlink:to="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xlink:title="Label : us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy to label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy_1" xml:lang="en-US" id="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy_1">Allowance for Doubtful Accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xlink:to="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy_1" xlink:title="Label : us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy to label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:title="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock">Related Party Transactions Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:title="Label : us-gaap_RelatedPartyTransactionsDisclosureTextBlock to label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_1">RELATED PARTY TRANSACTIONS AND BALANCES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_1" xlink:title="Label : us-gaap_RelatedPartyTransactionsDisclosureTextBlock to label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:label="us-gaap_RelatedPartyTransactionDomain" xlink:title="us-gaap_RelatedPartyTransactionDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionDomain" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDomain">Related Party Transaction [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDomain" xlink:to="label_us-gaap_RelatedPartyTransactionDomain" xlink:title="Label : us-gaap_RelatedPartyTransactionDomain to label_us-gaap_RelatedPartyTransactionDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:label="us-gaap_RelatedPartyTransactionAxis" xlink:title="us-gaap_RelatedPartyTransactionAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionAxis" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionAxis">Related Party Transaction [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAxis" xlink:to="label_us-gaap_RelatedPartyTransactionAxis" xlink:title="Label : us-gaap_RelatedPartyTransactionAxis to label_us-gaap_RelatedPartyTransactionAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:label="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty">Related Party Transaction, Purchases from Related Party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:to="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:title="Label : us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty to label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_1">Purchases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:to="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_1" xlink:title="Label : us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty to label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems" xlink:title="us-gaap_RelatedPartyTransactionLineItems" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionLineItems" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionLineItems">Related Party Transaction [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="label_us-gaap_RelatedPartyTransactionLineItems" xlink:title="Label : us-gaap_RelatedPartyTransactionLineItems to label_us-gaap_RelatedPartyTransactionLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionRate" xlink:label="us-gaap_RelatedPartyTransactionRate" xlink:title="us-gaap_RelatedPartyTransactionRate" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionRate" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionRate">Related Party Transaction, Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionRate" xlink:to="label_us-gaap_RelatedPartyTransactionRate" xlink:title="Label : us-gaap_RelatedPartyTransactionRate to label_us-gaap_RelatedPartyTransactionRate" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionRate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RelatedPartyTransactionRate_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionRate_1">Interest rate on loan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionRate" xlink:to="label_us-gaap_RelatedPartyTransactionRate_1" xlink:title="Label : us-gaap_RelatedPartyTransactionRate to label_us-gaap_RelatedPartyTransactionRate_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyCosts" xlink:label="us-gaap_RelatedPartyCosts" xlink:title="us-gaap_RelatedPartyCosts" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyCosts" xml:lang="en-US" id="label_us-gaap_RelatedPartyCosts">Related Party Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyCosts" xlink:to="label_us-gaap_RelatedPartyCosts" xlink:title="Label : us-gaap_RelatedPartyCosts to label_us-gaap_RelatedPartyCosts" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyCosts_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_us-gaap_RelatedPartyCosts_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyCosts_1">Sales to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyCosts" xlink:to="label_us-gaap_RelatedPartyCosts_1" xlink:title="Label : us-gaap_RelatedPartyCosts to label_us-gaap_RelatedPartyCosts_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:title="us-gaap_RelatedPartyTransactionAmountsOfTransaction" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction">Related Party Transaction, Amounts of Transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:to="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:title="Label : us-gaap_RelatedPartyTransactionAmountsOfTransaction to label_us-gaap_RelatedPartyTransactionAmountsOfTransaction" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction_1">Other transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:to="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction_1" xlink:title="Label : us-gaap_RelatedPartyTransactionAmountsOfTransaction to label_us-gaap_RelatedPartyTransactionAmountsOfTransaction_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" xlink:label="us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" xlink:title="us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty">Related Party Transaction, Other Revenues from Transactions with Related Party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" xlink:to="label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" xlink:title="Label : us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty to label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_1">Processing fee</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty" xlink:to="label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_1" xlink:title="Label : us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty to label_us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:title="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis">Related Party [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="label_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:title="Label : us-gaap_RelatedPartyTransactionsByRelatedPartyAxis to label_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" xlink:label="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" xlink:title="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent">Related Party Transaction, Due from (to) Related Party, Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" xlink:to="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" xlink:title="Label : us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent to label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent_1">Amount due from/to related party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent" xlink:to="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent_1" xlink:title="Label : us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent to label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyCurrent_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:label="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:title="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty">Related Party Transaction, Expenses from Transactions with Related Party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:to="label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:title="Label : us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty to label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_1">Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:to="label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_1" xlink:title="Label : us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty to label_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xlink:label="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xlink:title="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract">Related Party Transaction, Due from (to) Related Party [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xlink:to="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xlink:title="Label : us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract to label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract_1" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract_1">Related party balances:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xlink:to="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract_1" xlink:title="Label : us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract to label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="us-gaap_RelatedPartyDomain" xlink:title="us-gaap_RelatedPartyDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyDomain" xml:lang="en-US" id="label_us-gaap_RelatedPartyDomain">Related Party [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="label_us-gaap_RelatedPartyDomain" xlink:title="Label : us-gaap_RelatedPartyDomain to label_us-gaap_RelatedPartyDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract" xlink:title="us-gaap_RelatedPartyTransactionsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RelatedPartyTransactionsAbstract" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsAbstract">RELATED PARTY TRANSACTIONS AND BALANCES [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="label_us-gaap_RelatedPartyTransactionsAbstract" xlink:title="Label : us-gaap_RelatedPartyTransactionsAbstract to label_us-gaap_RelatedPartyTransactionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfOtherDebt" xlink:label="us-gaap_RepaymentsOfOtherDebt" xlink:title="us-gaap_RepaymentsOfOtherDebt" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfOtherDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RepaymentsOfOtherDebt" xml:lang="en-US" id="label_us-gaap_RepaymentsOfOtherDebt">Repayments Of Other Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfOtherDebt" xlink:to="label_us-gaap_RepaymentsOfOtherDebt" xlink:title="Label : us-gaap_RepaymentsOfOtherDebt to label_us-gaap_RepaymentsOfOtherDebt" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfOtherDebt_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_us-gaap_RepaymentsOfOtherDebt_1" xml:lang="en-US" id="label_us-gaap_RepaymentsOfOtherDebt_1">Repayment of other borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfOtherDebt" xlink:to="label_us-gaap_RepaymentsOfOtherDebt_1" xlink:title="Label : us-gaap_RepaymentsOfOtherDebt to label_us-gaap_RepaymentsOfOtherDebt_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:label="us-gaap_RepaymentsOfLinesOfCredit" xlink:title="us-gaap_RepaymentsOfLinesOfCredit" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfLinesOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RepaymentsOfLinesOfCredit" xml:lang="en-US" id="label_us-gaap_RepaymentsOfLinesOfCredit">Repayments of Lines of Credit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLinesOfCredit" xlink:to="label_us-gaap_RepaymentsOfLinesOfCredit" xlink:title="Label : us-gaap_RepaymentsOfLinesOfCredit to label_us-gaap_RepaymentsOfLinesOfCredit" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfLinesOfCredit_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RepaymentsOfLinesOfCredit_1" xml:lang="en-US" id="label_us-gaap_RepaymentsOfLinesOfCredit_1">Amount repaid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLinesOfCredit" xlink:to="label_us-gaap_RepaymentsOfLinesOfCredit_1" xlink:title="Label : us-gaap_RepaymentsOfLinesOfCredit to label_us-gaap_RepaymentsOfLinesOfCredit_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="us-gaap_RepaymentsOfLongTermDebt" xlink:title="us-gaap_RepaymentsOfLongTermDebt" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfLongTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RepaymentsOfLongTermDebt" xml:lang="en-US" id="label_us-gaap_RepaymentsOfLongTermDebt">Repayments of Long-term Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="label_us-gaap_RepaymentsOfLongTermDebt" xlink:title="Label : us-gaap_RepaymentsOfLongTermDebt to label_us-gaap_RepaymentsOfLongTermDebt" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfLongTermDebt_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_RepaymentsOfLongTermDebt_1" xml:lang="en-US" id="label_us-gaap_RepaymentsOfLongTermDebt_1">Repayments of Long-term Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="label_us-gaap_RepaymentsOfLongTermDebt_1" xlink:title="Label : us-gaap_RepaymentsOfLongTermDebt to label_us-gaap_RepaymentsOfLongTermDebt_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfLongTermDebt_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_us-gaap_RepaymentsOfLongTermDebt_2" xml:lang="en-US" id="label_us-gaap_RepaymentsOfLongTermDebt_2">Repayment of other long-term borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="label_us-gaap_RepaymentsOfLongTermDebt_2" xlink:title="Label : us-gaap_RepaymentsOfLongTermDebt to label_us-gaap_RepaymentsOfLongTermDebt_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfBankDebt" xlink:label="us-gaap_RepaymentsOfBankDebt" xlink:title="us-gaap_RepaymentsOfBankDebt" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfBankDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RepaymentsOfBankDebt" xml:lang="en-US" id="label_us-gaap_RepaymentsOfBankDebt">Repayments Of Bank Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfBankDebt" xlink:to="label_us-gaap_RepaymentsOfBankDebt" xlink:title="Label : us-gaap_RepaymentsOfBankDebt to label_us-gaap_RepaymentsOfBankDebt" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfBankDebt_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_us-gaap_RepaymentsOfBankDebt_1" xml:lang="en-US" id="label_us-gaap_RepaymentsOfBankDebt_1">Repayment of bank borrowings</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShortTermBankLoansAndNotesPayable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ShortTermBankLoansAndNotesPayable_1" xml:lang="en-US" id="label_us-gaap_ShortTermBankLoansAndNotesPayable_1">Short-term credit bank borrowings</link:label>
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShortTermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ShortTermBorrowings_1" xml:lang="en-US" id="label_us-gaap_ShortTermBorrowings_1">Short-term bank borrowings</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:to="label_us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:title="Label : us-gaap_ShortTermDebtWeightedAverageInterestRate to label_us-gaap_ShortTermDebtWeightedAverageInterestRate" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:to="label_us-gaap_ShortTermDebtWeightedAverageInterestRate_1" xlink:title="Label : us-gaap_ShortTermDebtWeightedAverageInterestRate to label_us-gaap_ShortTermDebtWeightedAverageInterestRate_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShortTermDebtRefinancedAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ShortTermDebtRefinancedAmount" xml:lang="en-US" id="label_us-gaap_ShortTermDebtRefinancedAmount">Short-term Debt, Refinanced, Amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtRefinancedAmount" xlink:to="label_us-gaap_ShortTermDebtRefinancedAmount" xlink:title="Label : us-gaap_ShortTermDebtRefinancedAmount to label_us-gaap_ShortTermDebtRefinancedAmount" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShortTermDebtRefinancedAmount_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ShortTermDebtRefinancedAmount_1" xml:lang="en-US" id="label_us-gaap_ShortTermDebtRefinancedAmount_1">Rolled over, renewed or replaced borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtRefinancedAmount" xlink:to="label_us-gaap_ShortTermDebtRefinancedAmount_1" xlink:title="Label : us-gaap_ShortTermDebtRefinancedAmount to label_us-gaap_ShortTermDebtRefinancedAmount_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="us-gaap_ShortTermDebtLineItems" xlink:title="us-gaap_ShortTermDebtLineItems" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShortTermDebtLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ShortTermDebtLineItems" xml:lang="en-US" id="label_us-gaap_ShortTermDebtLineItems">Short-term Debt [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtLineItems" xlink:to="label_us-gaap_ShortTermDebtLineItems" xlink:title="Label : us-gaap_ShortTermDebtLineItems to label_us-gaap_ShortTermDebtLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="us-gaap_ShortTermDebtTypeDomain" xlink:title="us-gaap_ShortTermDebtTypeDomain" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShortTermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ShortTermDebtTypeDomain" xml:lang="en-US" id="label_us-gaap_ShortTermDebtTypeDomain">Short-term Debt, Type [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtTypeDomain" xlink:to="label_us-gaap_ShortTermDebtTypeDomain" xlink:title="Label : us-gaap_ShortTermDebtTypeDomain to label_us-gaap_ShortTermDebtTypeDomain" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted" xml:lang="en-US" id="label_us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted">Supply Commitment, Remaining Minimum Amount Committed</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:title="us-gaap_SignificantAccountingPoliciesTextBlock" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_SignificantAccountingPoliciesTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_SignificantAccountingPoliciesTextBlock_1" xml:lang="en-US" id="label_us-gaap_SignificantAccountingPoliciesTextBlock_1">SUMMARY OF PRINCIPAL ACCOUNTING POLICIES</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_1" xlink:title="Label : us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" xml:lang="en-US" id="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2">Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" xlink:title="Label : us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3" xlink:title="Label : us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="us-gaap_StockholdersEquityNoteAbstract" xlink:title="us-gaap_StockholdersEquityNoteAbstract" />
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquityNoteAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockholdersEquityNoteAbstract" xml:lang="en-US" id="label_us-gaap_StockholdersEquityNoteAbstract">FOLLOW-ON EQUITY OFFERING [Abstract]</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:title="us-gaap_StockholdersEquityNoteDisclosureTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="label_us-gaap_StockholdersEquityNoteDisclosureTextBlock_1" xlink:title="Label : us-gaap_StockholdersEquityNoteDisclosureTextBlock to label_us-gaap_StockholdersEquityNoteDisclosureTextBlock_1" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_SubsequentEventTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SubsequentEventTable" xml:lang="en-US" id="label_us-gaap_SubsequentEventTable">Subsequent Event [Table]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="label_us-gaap_SubsequentEventLineItems" xlink:title="Label : us-gaap_SubsequentEventLineItems to label_us-gaap_SubsequentEventLineItems" />
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    <link:label xlink:type="resource" xlink:label="label_us-gaap_SubsequentEventMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SubsequentEventMember" xml:lang="en-US" id="label_us-gaap_SubsequentEventMember">Subsequent Event [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="label_us-gaap_SubsequentEventMember" xlink:title="Label : us-gaap_SubsequentEventMember to label_us-gaap_SubsequentEventMember" />
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>16
<FILENAME>dq-20141231_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>ADVANCES FROM CUSTOMERS (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenueDisclosureAbstract', window );"><strong>ADVANCES FROM CUSTOMERS [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenueByArrangementDisclosureTextBlock', window );">Schedule of Advances from Customers</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<div style="display: block;">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Advances from customers consist of the following and is analyzed as long term and short term portion respectively:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
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<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Customer A*</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>15,987,573</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>8,041,836</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Customer G</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>4,220,355</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,405,619</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Customer H</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>2,996,550</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%;">Others</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 1%; border-bottom-width: 1pt;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"><font>1,937,418</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 1%; border-bottom-width: 1pt;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"><font>262,747</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>25,141,896</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>10,710,202</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Less: Current portion of advances from customers</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt;">$</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>13,217,775</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt;">$</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; border-color: #000000; padding: 0px; font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"><font>7,308,535</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Long term advances from customers</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>11,924,121</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; border-color: #000000; padding: 0px; font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>3,401,667</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<table border="0" cellspacing="0" cellpadding="0" style="width: 100%;">

<tr>
<td style="width: 1%; vertical-align: top;"><font style="font-size: 10pt;">*</font></td>
<td style="width: 99%;">
<div>Pursuant to the terms of the Group's revised supply agreement with this customer the Group&#160;will deliver monthly amounts of polysilicon, totaling no less than RMB<font>2.4</font> million (equivalent of $<font>0.4</font> million) from April 2014 to September 2016, or until such time as the advance has been fully utilized.</div>
</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 13.A.4(a).Q1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012821&amp;loc=d3e214044-122780<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6935-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 13<br><br> -Section A<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E3LAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>ALLOWANCES FOR DOUBTFUL RECEIVABLES (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward', window );"><strong>Analysis of allowances for accounts receivable is as follows:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivable', window );">Beginning of the year</a></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivable" onclick="toggleNextSibling(this);">$ 7,160,782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivable</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivable" onclick="toggleNextSibling(this);">$ 1,592,467</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivable</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivable" onclick="toggleNextSibling(this);">$ 1,202,940</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivable</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvisionForDoubtfulAccounts', window );">Allowances (Reversal) during the year</a></td>
        <td class="num"><a title="us-gaap_ProvisionForDoubtfulAccounts" onclick="toggleNextSibling(this);">(3,823,744)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProvisionForDoubtfulAccounts</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProvisionForDoubtfulAccounts" onclick="toggleNextSibling(this);">5,482,019</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProvisionForDoubtfulAccounts</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProvisionForDoubtfulAccounts" onclick="toggleNextSibling(this);">359,733</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProvisionForDoubtfulAccounts</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect', window );">Foreign exchange effect</a></td>
        <td class="num"><a title="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" onclick="toggleNextSibling(this);">(147,928)</a><span style="display:none;white-space:normal;text-align:left;">dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect</span><span></span></td>
        <td class="nump"><a title="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" onclick="toggleNextSibling(this);">86,296</a><span style="display:none;white-space:normal;text-align:left;">dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect</span><span></span></td>
        <td class="nump"><a title="dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect" onclick="toggleNextSibling(this);">29,794</a><span style="display:none;white-space:normal;text-align:left;">dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivable', window );">Closing balance</a></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivable" onclick="toggleNextSibling(this);">3,189,110</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivable</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivable" onclick="toggleNextSibling(this);">7,160,782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivable</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivable" onclick="toggleNextSibling(this);">1,592,467</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivable</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries', window );">Allowances reversed during the period</a></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" onclick="toggleNextSibling(this);">$ 4,171,528</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Allowance For Doubtful Accounts Receivable, Foreign Exchange Effect.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_AllowanceForDoubtfulAccountsReceivableForeignExchangeEffect</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35738203&amp;loc=d3e5074-111524<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AllowanceForDoubtfulAccountsReceivable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of recoveries of receivables doubtful of collection that were previously charged off.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvisionForDoubtfulAccounts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 5<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProvisionForDoubtfulAccounts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E4NCI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Additional Information) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="2">1 Months Ended</th>
        <th class="th" colspan="1">3 Months Ended</th>
        <th class="th" colspan="3">12 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Feb. 28, 2015</div>
        </th>
        <th class="th">
          <div>May 30, 2014</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Basis of presentation</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_WorkingCapital', window );">Working capital</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="dq_WorkingCapital" onclick="toggleNextSibling(this);">$ (274,118,480)</a><span style="display:none;white-space:normal;text-align:left;">dq_WorkingCapital</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">7,068,483</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">7,831,084</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">6,679,024</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">92,697,098</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtRefinancedAmount', window );">Rolled over, renewed or replaced borrowings</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShortTermDebtRefinancedAmount" onclick="toggleNextSibling(this);">30,600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermDebtRefinancedAmount</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term bank borrowings</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShortTermBorrowings" onclick="toggleNextSibling(this);">90,443,007</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBorrowings</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Current portion of long-term debt</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebtCurrent" onclick="toggleNextSibling(this);">69,360,869</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebtCurrent" onclick="toggleNextSibling(this);">50,049,843</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtCurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentDueInNextTwelveMonths', window );">Capital commitment</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_OtherCommitmentDueInNextTwelveMonths" onclick="toggleNextSibling(this);">20,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherCommitmentDueInNextTwelveMonths</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">28,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">54,600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">54,624,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">(221,090,508)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">(115,637,415)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations', window );">Cash flow from operations</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">45,619,729</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(16,525,817)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(10,307,234)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndInvestmentsAbstract', window );"><strong>Restricted cash</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_RestrictedCashAndCashEquivalents" onclick="toggleNextSibling(this);">22,169,236</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RestrictedCashAndCashEquivalents</span><span></span></td>
        <td class="nump"><a title="us-gaap_RestrictedCashAndCashEquivalents" onclick="toggleNextSibling(this);">8,826,110</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RestrictedCashAndCashEquivalents</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryAdjustmentsAbstract', window );"><strong>Inventories</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryWriteDown', window );">Inventory write-down</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">175,568</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">29,905,734</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">14,821,620</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseNoncurrentAbstract', window );"><strong>Prepaid land use rights</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseAndRentalExpense', window );">Lease Expenses</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LeaseAndRentalExpense" onclick="toggleNextSibling(this);">628,052</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LeaseAndRentalExpense</span><span></span></td>
        <td class="nump"><a title="us-gaap_LeaseAndRentalExpense" onclick="toggleNextSibling(this);">781,706</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LeaseAndRentalExpense</span><span></span></td>
        <td class="nump"><a title="us-gaap_LeaseAndRentalExpense" onclick="toggleNextSibling(this);">958,558</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LeaseAndRentalExpense</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentChargesAbstract', window );"><strong>Impairment of long-lived assets</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentCharges', window );">Long-lived asset impairment</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_AssetImpairmentCharges" onclick="toggleNextSibling(this);">158,424,827</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetImpairmentCharges" onclick="toggleNextSibling(this);">42,754,481</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCostsAndDisclosuresAbstract', window );"><strong>Shipping and handling</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShippingHandlingAndTransportationCosts', window );">Shipping and handling costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShippingHandlingAndTransportationCosts" onclick="toggleNextSibling(this);">2,054,786</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShippingHandlingAndTransportationCosts</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShippingHandlingAndTransportationCosts" onclick="toggleNextSibling(this);">1,901,384</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShippingHandlingAndTransportationCosts</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShippingHandlingAndTransportationCosts" onclick="toggleNextSibling(this);">1,033,808</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShippingHandlingAndTransportationCosts</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_GovernmentGrantsAndSubsidiesAbstract', window );"><strong>Government subsidies</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_UnrestrictedCashSubsidies', window );">Unrestricted cash government subsidies</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_UnrestrictedCashSubsidies" onclick="toggleNextSibling(this);">926,173</a><span style="display:none;white-space:normal;text-align:left;">dq_UnrestrictedCashSubsidies</span><span></span></td>
        <td class="nump"><a title="dq_UnrestrictedCashSubsidies" onclick="toggleNextSibling(this);">5,249,788</a><span style="display:none;white-space:normal;text-align:left;">dq_UnrestrictedCashSubsidies</span><span></span></td>
        <td class="nump"><a title="dq_UnrestrictedCashSubsidies" onclick="toggleNextSibling(this);">9,250,296</a><span style="display:none;white-space:normal;text-align:left;">dq_UnrestrictedCashSubsidies</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_GrantsRelatedToAssetsReceived', window );">Government grants related to assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_GrantsRelatedToAssetsReceived" onclick="toggleNextSibling(this);">113,735</a><span style="display:none;white-space:normal;text-align:left;">dq_GrantsRelatedToAssetsReceived</span><span></span></td>
        <td class="nump"><a title="dq_GrantsRelatedToAssetsReceived" onclick="toggleNextSibling(this);">1,172,160</a><span style="display:none;white-space:normal;text-align:left;">dq_GrantsRelatedToAssetsReceived</span><span></span></td>
        <td class="nump"><a title="dq_GrantsRelatedToAssetsReceived" onclick="toggleNextSibling(this);">1,383,487</a><span style="display:none;white-space:normal;text-align:left;">dq_GrantsRelatedToAssetsReceived</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDilutedAbstract', window );"><strong>Earnings per share</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements', window );">Ordinary shares from options included in calculation of dilutive earnings per share</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" onclick="toggleNextSibling(this);">5,003,667</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTranslationAbstract', window );"><strong>Foreign currency translation</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetReportingCurrencyDenominatedValue', window );">Aggregate amount of cash and cash equivalents and restricted cash denominated in RMB</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_AssetReportingCurrencyDenominatedValue" onclick="toggleNextSibling(this);">24,356,970</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetReportingCurrencyDenominatedValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetReportingCurrencyDenominatedValue" onclick="toggleNextSibling(this);">11,436,370</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetReportingCurrencyDenominatedValue</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestAbstract', window );"><strong>Noncontrolling interest</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Noncontrolling interest</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockNumberOfSharesAndRestrictionDisclosuresAbstract', window );"><strong>Treasury Stock</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramAuthorizedAmount1', window );">Share repurchase program, authorized amount</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockRepurchaseProgramAuthorizedAmount1" onclick="toggleNextSibling(this);">5,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockRepurchaseProgramAuthorizedAmount1</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Purchase price of treasury stock</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_PaymentsForRepurchaseOfCommonStock" onclick="toggleNextSibling(this);">500,724</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForRepurchaseOfCommonStock</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember', window );">Common Stock Outstanding [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Basis of presentation</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">5,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockNumberOfSharesAndRestrictionDisclosuresAbstract', window );"><strong>Treasury Stock</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Number of shares repurchased</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_TreasuryStockSharesAcquired[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">2,836,670</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockSharesAcquired<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_GovernmentGrantsAndSubsidiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_GovernmentGrantsAndSubsidiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_GrantsRelatedToAssetsReceived">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Grants Related To Assets Received</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_GrantsRelatedToAssetsReceived</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_UnrestrictedCashSubsidies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Unrestricted Cash Subsidies</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_UnrestrictedCashSubsidies</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_WorkingCapital">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Working Capital.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_WorkingCapital</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetImpairmentCharges">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=8077374&amp;loc=d3e2420-110228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetImpairmentCharges</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetImpairmentChargesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetImpairmentChargesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetReportingCurrencyDenominatedValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The reporting currency-denominated asset value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 30<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6897108&amp;loc=SL6897125-166521<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetReportingCurrencyDenominatedValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3044-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAndDilutedAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAndDilutedAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTranslationAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ForeignCurrencyTranslationAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1500-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryAdjustmentsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryAdjustmentsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryWriteDown">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360613&amp;loc=d3e4542-108314<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryWriteDown</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseAndRentalExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LeaseAndRentalExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19,20)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongTermDebtCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 27<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MinorityInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncontrollingInterestAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NoncontrollingInterestAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentDueInNextTwelveMonths">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Minimum amount of other commitment maturing in the next fiscal year following the latest fiscal year for commitments not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in this taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherCommitmentDueInNextTwelveMonths</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCostsAndDisclosuresAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherCostsAndDisclosuresAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to reacquire common stock during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseNoncurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PrepaidExpenseNoncurrentAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591552-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591551-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
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                    <td><strong> Period Type:</strong></td>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalents">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalents</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndInvestmentsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RestrictedCashAndInvestmentsAbstract</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShippingHandlingAndTransportationCosts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18726-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 45<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6408196&amp;loc=d3e61069-111654<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Handling Costs<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6514758<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 45<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=21915142&amp;loc=d3e60635-111653<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 45<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6408413&amp;loc=d3e221937-122793<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Shipping Costs<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6525344<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShippingHandlingAndTransportationCosts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBorrowings">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.13)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.(a),16(a)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 16<br><br> -Subparagraph a(1)<br><br> -Article 7<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 13<br><br> -Subparagraph 2, 3<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShortTermBorrowings</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtRefinancedAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1927-112601<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShortTermDebtRefinancedAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueOther</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchaseProgramAuthorizedAmount1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of stock repurchase plan authorized.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockRepurchaseProgramAuthorizedAmount1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockNumberOfSharesAndRestrictionDisclosuresAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockNumberOfSharesAndRestrictionDisclosuresAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockSharesAcquired">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares that have been repurchased during the period and are being held in treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockSharesAcquired</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember</td>
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                    <td></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ESIAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>INCOME TAXES (Schedule of Effective Income Tax Rate) (Details)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract', window );"><strong>Effective income tax rate:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">PRC Enterprise Income Tax</a></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate</span><span></span></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate</span><span></span></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays', window );">Preferential income tax rate of a subsidiary</a></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays" onclick="toggleNextSibling(this);">(9.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays</span><span></span></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays" onclick="toggleNextSibling(this);">(2.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays</span><span></span></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays" onclick="toggleNextSibling(this);">(9.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate', window );">Effect of different reversal rate</a></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate" onclick="toggleNextSibling(this);">1.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate</span><span></span></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate" onclick="toggleNextSibling(this);">3.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate</span><span></span></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate" onclick="toggleNextSibling(this);">8.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions', window );">Additional tax deductions</a></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationDeductions" onclick="toggleNextSibling(this);">(8.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationDeductions</span><span></span></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationDeductions" onclick="toggleNextSibling(this);">(1.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationDeductions</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense', window );">Non-deductible expenses</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential', window );">Different tax rate in other jurisdictions</a></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" onclick="toggleNextSibling(this);">6.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" onclick="toggleNextSibling(this);">(1.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance', window );">Changes in valuation allowance</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">(26.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">(35.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits', window );">Tax credits</a></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits" onclick="toggleNextSibling(this);">(15.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes', window );">Prior year adjustment</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes" onclick="toggleNextSibling(this);">2.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations', window );">Effective tax rate</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateContinuingOperations" onclick="toggleNextSibling(this);">(1.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_EffectiveIncomeTaxRateContinuingOperations" onclick="toggleNextSibling(this);">(10.00%)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h)(2))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Subparagraph 2<br><br> -Article 4<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of domestic federal statutory tax rate applicable to pretax income (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the income tax rates.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to deductions. Including, but not limited to, extraterritorial income exclusion deduction, qualified production activity deduction, dividend deduction, deduction for dividend paid to employee stock ownership plan, Medicare prescription drug benefit subsidy deduction, and other deductions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationDeductions</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to revisions of previously reported income tax expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to tax credits. Including, but not limited to, research credit, foreign tax credit, investment tax credit, and other tax credits.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income exempt from income tax because of a tax holiday.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationTaxHolidays</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E6GAC">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>PREPAID EXPENSE AND OTHER CURRENT ASSETS (Details) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract', window );"><strong>PREPAID EXPENSE AND OTHER CURRENT ASSETS [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInventoriesSpareParts', window );">Spare parts</a></td>
        <td class="nump"><a title="us-gaap_OtherInventoriesSpareParts" onclick="toggleNextSibling(this);">$ 6,385,388</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInventoriesSpareParts</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherInventoriesSpareParts" onclick="toggleNextSibling(this);">$ 6,264,805</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInventoriesSpareParts</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidTaxes', window );">Prepaid Value added tax ("VAT")</a></td>
        <td class="nump"><a title="us-gaap_PrepaidTaxes" onclick="toggleNextSibling(this);">5,857,017</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidTaxes</span><span></span></td>
        <td class="nump"><a title="us-gaap_PrepaidTaxes" onclick="toggleNextSibling(this);">15,273,592</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidTaxes</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidInsurance', window );">Prepaid insurance fee</a></td>
        <td class="nump"><a title="us-gaap_PrepaidInsurance" onclick="toggleNextSibling(this);">226,564</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidInsurance</span><span></span></td>
        <td class="nump"><a title="us-gaap_PrepaidInsurance" onclick="toggleNextSibling(this);">218,865</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidInsurance</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Others</a></td>
        <td class="nump"><a title="us-gaap_OtherAssetsCurrent" onclick="toggleNextSibling(this);">366,900</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherAssetsCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherAssetsCurrent" onclick="toggleNextSibling(this);">2,113,428</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherAssetsCurrent</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" onclick="toggleNextSibling(this);">$ 12,835,869</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" onclick="toggleNextSibling(this);">$ 23,870,690</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.8)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 8<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherAssetsCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
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            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherInventoriesSpareParts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross amount of components of assembled products that can be sold directly or indirectly through sales of assembled products.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 6<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherInventoriesSpareParts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 8<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidInsurance">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of asset related to consideration paid in advance for insurance that provides economic benefits within a future period of one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Current Assets<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509628<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6787-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (g)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 340<br><br> -SubTopic 10<br><br> -Section 05<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=47804770&amp;loc=d3e5865-108316<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 340<br><br> -SubTopic 10<br><br> -Section 05<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=47804770&amp;loc=d3e5879-108316<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PrepaidInsurance</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidTaxes">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of asset related to consideration paid in advance for income and other taxes that provide economic benefits within a future period of one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Current Assets<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509628<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6787-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 340<br><br> -SubTopic 10<br><br> -Section 05<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=47804770&amp;loc=d3e5865-108316<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 340<br><br> -SubTopic 10<br><br> -Section 05<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=47804770&amp;loc=d3e5879-108316<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (g)(4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PrepaidTaxes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EOSAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>VARIABLE INTEREST ENTITY (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
        <th class="th" colspan="5">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Apr. 14, 2014</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 182,571,852</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 108,999,805</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 86,858,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">10,743,336</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingCostsAndExpenses', window );">Operating costs and expenses</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_OperatingCostsAndExpenses[us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">150,147,024</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingCostsAndExpenses<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_OperatingCostsAndExpenses[us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">14,451,810</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingCostsAndExpenses<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(150,147,024)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(3,708,474)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeLeasingArrangementsOperatingLeasesTermOfContract', window );">Lease term</a></td>
        <td class="text">3 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment', window );">Annual rental payment</a></td>
        <td class="nump"><a title="dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment[us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 1,000,000</a><span style="display:none;white-space:normal;text-align:left;">dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr>
        <td colspan="7"></td>
      </tr>
      <tr>
        <td colspan="7">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top">The lease term was amended at the beginning of 2013 and reduced the rent to $0 per month and was later terminated on December 30, 2013.</td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Lessee Leasing Arrangements, Operating Leases, Annual Payment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_LesseeLeasingArrangementsOperatingLeasesAnnualPayment</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeLeasingArrangementsOperatingLeasesTermOfContract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Term of the lessee's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LesseeLeasingArrangementsOperatingLeasesTermOfContract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingCostsAndExpenses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingCostsAndExpenses</td>
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                <p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>VARIABLE INTEREST ENTITY (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2014</div>
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        <td class="text">&#xA0;<span></span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Daqo New Material leased all of its assets for use in the Group's operations before December 30, 2014. The revenues, operating costs and expenses and net income of the VIE are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
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<td width="100%" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;">Revenues</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font>10,743,336</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font>&#151;</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;">*</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font>*</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; background-color: #cceeff;">&#160;</td>
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<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Operating costs and expenses</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"><font>14,451,810</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left;">&#160;</td>
<td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; text-align: right;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"><font>150,147,024</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right;">&#160;</td>
<td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; text-align: right;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"><font>*</font></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Net income (loss)</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"><font>(3,708,474</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;">)&#160;</td>
<td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"><font>(150,147,024</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;">)&#160;</td>
<td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"><font>*</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; background-color: #cceeff;">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">*<br/></p>
<div><font style="font-size: 10pt;">The lease term was amended at the beginning of </font><font style="font-size: 10pt;">2013</font><font style="font-size: 10pt;"> and reduced the rent to $</font><font><font style="font-size: 10pt;">0</font></font><font style="font-size: 10pt;"> per month and was later terminated on December 30, 2013.</font></div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5710-111685<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=SL6759159-111685<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5747-111685<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5728-111685<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=SL6228884-111685<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Variable Interest Entity<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528138<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
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    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>ALLOWANCES FOR DOUBTFUL RECEIVABLES (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansAndLeasesReceivableDisclosureAbstract', window );"><strong>ALLOWANCES FOR DOUBTFUL RECEIVABLES [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock', window );">Schedule of Allowances for Accounts Receivable</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;">Beginning of the year</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>1,202,940</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>1,592,467</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>7,160,782</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Allowances (Reversal) during the year</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>359,733</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,482,019</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(3,823,744</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Foreign exchange effect</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>29,794</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>86,296</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(147,928</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>Closing balance</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,592,467</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>7,160,782</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,189,110</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div> <div class="CursorPointer">
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px;">&#160;</p></div></div><span></span></td>
      </tr>
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    <div style="display: none;">
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 11B<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35738203&amp;loc=SL6953423-111524<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        <tr>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LoansAndLeasesReceivableDisclosureAbstract</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
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          </td>
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  </body>
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<FILENAME>R79.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EWZAI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SEGMENT INFORMATION (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="6">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 182,571,852</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 108,999,805</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 86,858,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Total Cost of revenue</a></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue" onclick="toggleNextSibling(this);">139,308,511</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue" onclick="toggleNextSibling(this);">135,103,408</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue" onclick="toggleNextSibling(this);">124,290,384</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross (loss) profit</a></td>
        <td class="nump"><a title="us-gaap_GrossProfit" onclick="toggleNextSibling(this);">43,263,341</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_GrossProfit" onclick="toggleNextSibling(this);">(26,103,603)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_GrossProfit" onclick="toggleNextSibling(this);">(37,431,983)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember', window );">Polysilicon [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">127,692,325</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">76,721,105</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">73,450,807</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember', window );">Wafer [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">54,879,527</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">32,278,700</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">13,407,594</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | Polysilicon [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">157,117,208</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">89,916,943</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">79,518,146</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Total Cost of revenue</a></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">119,703,550</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">98,684,325</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">110,243,043</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross (loss) profit</a></td>
        <td class="nump"><a title="us-gaap_GrossProfit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">37,413,658</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_GrossProfit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">(8,767,382)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_GrossProfit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">(30,724,897)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | Wafer [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">54,879,527</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">32,278,700</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">13,407,594</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Total Cost of revenue</a></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">47,861,811</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">49,614,921</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">20,114,680</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross (loss) profit</a></td>
        <td class="nump"><a title="us-gaap_GrossProfit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">7,017,716</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_GrossProfit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">(17,336,221)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_GrossProfit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=dq_WaferMember]" onclick="toggleNextSibling(this);">(6,707,086)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_WaferMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember', window );">Elimination [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="num"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(29,424,883)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(13,195,838)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(6,067,339)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Total Cost of revenue</a></td>
        <td class="num"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(28,256,850)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(13,195,838)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_CostOfRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(6,067,339)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross (loss) profit</a></td>
        <td class="num"><a title="us-gaap_GrossProfit[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(1,168,033)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember', window );">Elimination [Member] | Polysilicon [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="num"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">(29,424,883)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">(13,195,838)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_Revenues[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember;us-gaap_StatementBusinessSegmentsAxis=dq_PolysiliconMember]" onclick="toggleNextSibling(this);">(6,067,339)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= dq_PolysiliconMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember', window );">Elimination [Member] | Wafer [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerIMember', window );">Customer I [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_CustomerIMember]" onclick="toggleNextSibling(this);">21,749,284</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerIMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerJMember', window );">Customer J [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_CustomerJMember]" onclick="toggleNextSibling(this);">23,882,302</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerJMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_CustomerJMember]" onclick="toggleNextSibling(this);">19,644,488</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerJMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerCMember', window );">Customer C [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_CustomerCMember]" onclick="toggleNextSibling(this);">18,210,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerCMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerKMember', window );">Customer K [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_CustomerKMember]" onclick="toggleNextSibling(this);">$ 13,471,873</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerKMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr>
        <td colspan="7"></td>
      </tr>
      <tr>
        <td colspan="7">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top">Represents less than 10%</td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate cost of goods produced and sold and services rendered during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 2<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CostOfRevenue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GrossProfit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1,2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GrossProfit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Revenues</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EUBAG">
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          <div style="width: 200px;"><strong>SHARE BASED COMPENSATION (Schedule of Assumptions Used with Binomial Option Valuation Model) (Details) (Employee Stock Option [Member])<br></strong></div>
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        <th class="th" colspan="2">12 Months Ended</th>
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          <div>Dec. 31, 2013</div>
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          <div>Dec. 31, 2014</div>
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          <div class="a">Options Granted April 3, 2013 [Member]</div>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate', window );">Average risk-free rate of return</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate[us-gaap_AwardDateAxis=dq_OptionsGrantedApril3Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">2.29%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedApril3Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
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        <td class="nump"><a title="dq_BinomialOptionPricingModelExerciseMultiple[us-gaap_AwardDateAxis=dq_OptionsGrantedApril3Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">2.8</a><span style="display:none;white-space:normal;text-align:left;">dq_BinomialOptionPricingModelExerciseMultiple<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedApril3Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
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        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate[us-gaap_AwardDateAxis=dq_OptionsGrantedApril3Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">51.78%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedApril3Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate[us-gaap_AwardDateAxis=dq_OptionsGrantedApril3Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedApril3Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
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          <div class="a">Options Granted January 28, 2014 [Member]</div>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate[us-gaap_AwardDateAxis=dq_OptionsGrantedJanuary28Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">2.77%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedJanuary28Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate[us-gaap_AwardDateAxis=dq_OptionsGrantedJanuary28Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">93.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedJanuary28Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate', window );">Dividend yield</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate[us-gaap_AwardDateAxis=dq_OptionsGrantedJanuary28Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedJanuary28Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top">
          <div class="a">Options Granted January 28, 2014 [Member] | Minimum [Member]</div>
        </td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_BinomialOptionPricingModelExerciseMultiple', window );">Exercise multiple</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_BinomialOptionPricingModelExerciseMultiple[us-gaap_AwardDateAxis=dq_OptionsGrantedJanuary28Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_RangeAxis=us-gaap_MinimumMember]" onclick="toggleNextSibling(this);">3.0</a><span style="display:none;white-space:normal;text-align:left;">dq_BinomialOptionPricingModelExerciseMultiple<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedJanuary28Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_BinomialOptionPricingModelPostVestingForfeitureRate', window );">Post-vesting forfeiture rate</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_BinomialOptionPricingModelPostVestingForfeitureRate[us-gaap_AwardDateAxis=dq_OptionsGrantedJanuary28Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_RangeAxis=us-gaap_MinimumMember]" onclick="toggleNextSibling(this);">3.00%</a><span style="display:none;white-space:normal;text-align:left;">dq_BinomialOptionPricingModelPostVestingForfeitureRate<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedJanuary28Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember</span><span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top">
          <div class="a">Options Granted January 28, 2014 [Member] | Maximum [Member]</div>
        </td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_BinomialOptionPricingModelExerciseMultiple', window );">Exercise multiple</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_BinomialOptionPricingModelExerciseMultiple[us-gaap_AwardDateAxis=dq_OptionsGrantedJanuary28Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_RangeAxis=us-gaap_MaximumMember]" onclick="toggleNextSibling(this);">3.5</a><span style="display:none;white-space:normal;text-align:left;">dq_BinomialOptionPricingModelExerciseMultiple<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedJanuary28Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember</span><span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_BinomialOptionPricingModelPostVestingForfeitureRate', window );">Post-vesting forfeiture rate</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_BinomialOptionPricingModelPostVestingForfeitureRate[us-gaap_AwardDateAxis=dq_OptionsGrantedJanuary28Member;us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_RangeAxis=us-gaap_MaximumMember]" onclick="toggleNextSibling(this);">9.50%</a><span style="display:none;white-space:normal;text-align:left;">dq_BinomialOptionPricingModelPostVestingForfeitureRate<br>/ us-gaap_AwardDateAxis<br>= dq_OptionsGrantedJanuary28Member<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Binomial Option Pricing Model, Exercise Multiple.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td>xbrli:decimalItemType</td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Binomial Option Pricing Model Post Vesting Forfeiture Rate.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td>num:percentItemType</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (f)(2)(iii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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                    <td>num:percentItemType</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (f)(2)(ii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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                    <td>num:percentItemType</td>
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                    <td>na</td>
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                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The risk-free interest rate assumption that is used in valuing an option on its own shares.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (f)(2)(iv)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
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<html>
  <head>
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    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EDYAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>PROPERTY, PLANT AND EQUIPMENT, NET (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentNet" onclick="toggleNextSibling(this);">$ 559,006,119</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentNet" onclick="toggleNextSibling(this);">$ 488,504,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentNet</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation of property, plant and equipment</a></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">28,007,943</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">52,250,595</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">37,371,791</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentCharges', window );">Long-lived asset impairment</a></td>
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        <td class="nump"><a title="us-gaap_AssetImpairmentCharges" onclick="toggleNextSibling(this);">158,424,827</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetImpairmentCharges" onclick="toggleNextSibling(this);">42,754,481</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember', window );">Buildings and plant [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Cost</a></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember]" onclick="toggleNextSibling(this);">233,230,935</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_BuildingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember]" onclick="toggleNextSibling(this);">235,690,310</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_BuildingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember', window );">Machinery and equipment [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Cost</a></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember]" onclick="toggleNextSibling(this);">351,409,724</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_MachineryAndEquipmentMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember]" onclick="toggleNextSibling(this);">355,429,064</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_MachineryAndEquipmentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember', window );">Furniture, fixtures and equipment [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Cost</a></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember]" onclick="toggleNextSibling(this);">18,469,913</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_FurnitureAndFixturesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember]" onclick="toggleNextSibling(this);">21,329,752</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_FurnitureAndFixturesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember', window );">Motor vehicles [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Cost</a></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember]" onclick="toggleNextSibling(this);">257,408</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_VehiclesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember]" onclick="toggleNextSibling(this);">262,562</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_VehiclesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=dq_DepreciableAssetMember', window );">Depreciable Asset [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Less: Accumulated depreciation</a></td>
        <td class="num"><a title="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment[us-gaap_PropertyPlantAndEquipmentByTypeAxis=dq_DepreciableAssetMember]" onclick="toggleNextSibling(this);">(169,264,463)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= dq_DepreciableAssetMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment[us-gaap_PropertyPlantAndEquipmentByTypeAxis=dq_DepreciableAssetMember]" onclick="toggleNextSibling(this);">(145,031,744)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= dq_DepreciableAssetMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentNet[us-gaap_PropertyPlantAndEquipmentByTypeAxis=dq_DepreciableAssetMember]" onclick="toggleNextSibling(this);">434,103,517</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentNet<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= dq_DepreciableAssetMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentNet[us-gaap_PropertyPlantAndEquipmentByTypeAxis=dq_DepreciableAssetMember]" onclick="toggleNextSibling(this);">467,679,944</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentNet<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= dq_DepreciableAssetMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ConstructionInProgressMember', window );">Construction in process [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Cost</a></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ConstructionInProgressMember]" onclick="toggleNextSibling(this);">$ 124,902,602</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_ConstructionInProgressMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentGross[us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ConstructionInProgressMember]" onclick="toggleNextSibling(this);">$ 20,824,239</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentGross<br>/ us-gaap_PropertyPlantAndEquipmentByTypeAxis<br>= us-gaap_ConstructionInProgressMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.14)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 14<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetImpairmentCharges">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=8077374&amp;loc=d3e2420-110228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetImpairmentCharges</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Depreciation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Depreciation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.13)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentGross</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.13)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 13<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 8<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=dq_DepreciableAssetMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=dq_DepreciableAssetMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ConstructionInProgressMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ConstructionInProgressMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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  </body>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R76.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ENIAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>EARNINGS PER SHARE (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract', window );"><strong>Numerator used in basic and diluted earnings per share:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net income (loss) attributable to Daqo New Energy Corp. ordinary shareholders-basic</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" onclick="toggleNextSibling(this);">$ 16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" onclick="toggleNextSibling(this);">$ (70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" onclick="toggleNextSibling(this);">$ (111,928,891)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted', window );">Net income (loss) attributable to Daqo New Energy Corp. ordinary shareholders-diluted</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" onclick="toggleNextSibling(this);">$ 16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" onclick="toggleNextSibling(this);">$ (70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" onclick="toggleNextSibling(this);">$ (111,928,891)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract', window );"><strong>Denominator used in basic and diluted earnings per share:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Weighted average number of ordinary shares outstanding used in computing earnings per share-basic</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">206,349,976</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">173,068,420</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">175,067,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements', window );">Plus: share options</a></td>
        <td class="nump"><a title="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" onclick="toggleNextSibling(this);">5,003,667</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Weighted average number of ordinary shares outstanding used in computing earnings per share - diluted</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">211,353,643</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">173,068,420</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">175,067,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE-Basic</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ 0.08</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ (0.41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ (0.64)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE-Diluted</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ 0.08</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ (0.41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ (0.64)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount', window );">Outstanding employee options excluded from computation of diluted earnings per share</a></td>
        <td class="nump"><a title="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" onclick="toggleNextSibling(this);">6,154,166</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</span><span></span></td>
        <td class="nump"><a title="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" onclick="toggleNextSibling(this);">6,371,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</span><span></span></td>
        <td class="nump"><a title="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" onclick="toggleNextSibling(this);">7,179,500</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Antidilution<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6505113<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Diluted Earnings Per Share<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510752<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Contingent Stock Agreement<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6508534<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1500-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1377-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1505-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1377-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1505-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1448-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ERMBI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>FINANCIAL STATEMENT SCHEDULE I (BALANCE SHEET) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current assets:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">$ 7,068,483</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">$ 7,831,084</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">$ 6,679,024</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">$ 92,697,098</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other current assets</a></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" onclick="toggleNextSibling(this);">12,835,869</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" onclick="toggleNextSibling(this);">23,870,690</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Amount due from related party</a></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">9,986,968</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">13,416,452</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
        <td class="nump"><a title="us-gaap_AssetsCurrent" onclick="toggleNextSibling(this);">121,949,234</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsCurrent" onclick="toggleNextSibling(this);">91,144,427</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsCurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">TOTAL ASSETS</a></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">710,131,219</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">610,199,543</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_AccruedExpensesAndOtherCurrentLiabilities', window );">Accrued expenses and other current liabilities</a></td>
        <td class="nump"><a title="dq_AccruedExpensesAndOtherCurrentLiabilities" onclick="toggleNextSibling(this);">8,955,663</a><span style="display:none;white-space:normal;text-align:left;">dq_AccruedExpensesAndOtherCurrentLiabilities</span><span></span></td>
        <td class="nump"><a title="dq_AccruedExpensesAndOtherCurrentLiabilities" onclick="toggleNextSibling(this);">7,461,621</a><span style="display:none;white-space:normal;text-align:left;">dq_AccruedExpensesAndOtherCurrentLiabilities</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">89,698,151</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">88,537,790</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesCurrent" onclick="toggleNextSibling(this);">396,067,715</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesCurrent" onclick="toggleNextSibling(this);">299,123,874</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesCurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>EQUITY</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValueOutstanding', window );">Ordinary shares; $0.0001 per value 500,000,000 shares authorized as of December 31, 2013 and 2014; 175,714,103 and 225,864,103 shares issued as of December 31, 2013 and 2014, respectively and 173,427,853 and 223,577,853 shares outstanding as of December 31, 2013 and 2014, respectively</a></td>
        <td class="nump"><a title="us-gaap_CommonStockValueOutstanding" onclick="toggleNextSibling(this);">22,358</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockValueOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockValueOutstanding" onclick="toggleNextSibling(this);">17,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockValueOutstanding</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid in capital</a></td>
        <td class="nump"><a title="us-gaap_AdditionalPaidInCapitalCommonStock" onclick="toggleNextSibling(this);">203,125,494</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdditionalPaidInCapitalCommonStock</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdditionalPaidInCapitalCommonStock" onclick="toggleNextSibling(this);">146,676,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdditionalPaidInCapitalCommonStock</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained accumulated losses</a></td>
        <td class="num"><a title="us-gaap_RetainedEarningsAccumulatedDeficit" onclick="toggleNextSibling(this);">(16,018,293)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAccumulatedDeficit</span><span></span></td>
        <td class="num"><a title="us-gaap_RetainedEarningsAccumulatedDeficit" onclick="toggleNextSibling(this);">(32,667,469)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAccumulatedDeficit</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income</a></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">20,037,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">23,699,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Treasury stock</a></td>
        <td class="num"><a title="us-gaap_TreasuryStockValue" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValue</span><span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValue" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValue</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total Daqo New Energy Corp. shareholders' equity</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquity" onclick="toggleNextSibling(this);">206,768,070</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquity</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquity" onclick="toggleNextSibling(this);">137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquity</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">TOTAL LIABILITIES AND EQUITY</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesAndStockholdersEquity" onclick="toggleNextSibling(this);">710,131,219</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesAndStockholdersEquity</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesAndStockholdersEquity" onclick="toggleNextSibling(this);">610,199,543</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesAndStockholdersEquity</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract', window );"><strong>Ordinary shares:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Ordinary shares, par value</a></td>
        <td class="nump"><a title="us-gaap_CommonStockParOrStatedValuePerShare" onclick="toggleNextSibling(this);">$ 0.0001</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockParOrStatedValuePerShare</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockParOrStatedValuePerShare" onclick="toggleNextSibling(this);">$ 0.0001</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockParOrStatedValuePerShare</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Ordinary shares, shares authorized</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesAuthorized" onclick="toggleNextSibling(this);">500,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesAuthorized</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesAuthorized" onclick="toggleNextSibling(this);">500,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesAuthorized</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Ordinary shares, shares issued</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued" onclick="toggleNextSibling(this);">225,864,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued" onclick="toggleNextSibling(this);">175,714,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Ordinary shares, shares outstanding</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesOutstanding" onclick="toggleNextSibling(this);">223,577,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesOutstanding" onclick="toggleNextSibling(this);">173,427,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesOutstanding</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current assets:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">4,493,150</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">5,187,046</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">5,669,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">3,291,387</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other current assets</a></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseAndOtherAssetsCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">204,682</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseAndOtherAssetsCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">177,487</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Amount due from related party</a></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">5,110,085</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">5,110,085</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
        <td class="nump"><a title="us-gaap_AssetsCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">9,807,917</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">10,474,618</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investments in subsidiaries, net</a></td>
        <td class="nump"><a title="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">197,571,399</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">127,203,565</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">TOTAL ASSETS</a></td>
        <td class="nump"><a title="us-gaap_Assets[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">207,379,316</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Assets[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">137,678,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_AccruedExpensesAndOtherCurrentLiabilities', window );">Accrued expenses and other current liabilities</a></td>
        <td class="nump"><a title="dq_AccruedExpensesAndOtherCurrentLiabilities[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">324,720</a><span style="display:none;white-space:normal;text-align:left;">dq_AccruedExpensesAndOtherCurrentLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="dq_AccruedExpensesAndOtherCurrentLiabilities[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">351,622</a><span style="display:none;white-space:normal;text-align:left;">dq_AccruedExpensesAndOtherCurrentLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">286,526</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">611,246</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">351,622</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>EQUITY</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValueOutstanding', window );">Ordinary shares; $0.0001 per value 500,000,000 shares authorized as of December 31, 2013 and 2014; 175,714,103 and 225,864,103 shares issued as of December 31, 2013 and 2014, respectively and 173,427,853 and 223,577,853 shares outstanding as of December 31, 2013 and 2014, respectively</a></td>
        <td class="nump"><a title="us-gaap_CommonStockValueOutstanding[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">22,358</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockValueOutstanding<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockValueOutstanding[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">17,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockValueOutstanding<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid in capital</a></td>
        <td class="nump"><a title="us-gaap_AdditionalPaidInCapitalCommonStock[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">203,125,494</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdditionalPaidInCapitalCommonStock<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdditionalPaidInCapitalCommonStock[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">146,676,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdditionalPaidInCapitalCommonStock<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained accumulated losses</a></td>
        <td class="num"><a title="us-gaap_RetainedEarningsAccumulatedDeficit[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(16,018,293)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAccumulatedDeficit<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_RetainedEarningsAccumulatedDeficit[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(32,667,469)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAccumulatedDeficit<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income</a></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">20,037,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">23,699,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Treasury stock</a></td>
        <td class="num"><a title="us-gaap_TreasuryStockValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total Daqo New Energy Corp. shareholders' equity</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquity[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">206,768,070</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquity<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquity[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquity<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">TOTAL LIABILITIES AND EQUITY</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesAndStockholdersEquity[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">$ 207,379,316</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesAndStockholdersEquity<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesAndStockholdersEquity[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">$ 137,678,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesAndStockholdersEquity<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract', window );"><strong>Ordinary shares:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Ordinary shares, par value</a></td>
        <td class="nump"><a title="us-gaap_CommonStockParOrStatedValuePerShare[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">$ 0.0001</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockParOrStatedValuePerShare<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockParOrStatedValuePerShare[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">$ 0.0001</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockParOrStatedValuePerShare<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Ordinary shares, shares authorized</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesAuthorized[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">500,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesAuthorized<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesAuthorized[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">500,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesAuthorized<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Ordinary shares, shares issued</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">240,714,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">175,714,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Ordinary shares, shares outstanding</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesOutstanding[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">223,577,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesOutstanding<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesOutstanding[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">173,427,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesOutstanding<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_AccruedExpensesAndOtherCurrentLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accrued expenses and other current liabilities</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_AccruedExpensesAndOtherCurrentLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e681-108580<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669686-108580<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 31<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 31<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 12<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 18<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Assets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.9)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6801-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 9<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3044-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value per share of common stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValueOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of all classes of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares exclude common shares repurchased by the entity and held as treasury shares.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockValueOutstanding</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 3<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.3(a)(2))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph k<br><br> -Subparagraph 2<br><br> -Article 4<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DueFromRelatedPartiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueToRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph k<br><br> -Subparagraph 1<br><br> -Article 4<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DueToRelatedPartiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EquityAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.32)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 25<br><br> -Article 7<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 32<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 21<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
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                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
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              </div>
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        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 8<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 31<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 4.E)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 4<br><br> -Section E<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td>xbrli:monetaryItemType</td>
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        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23315-112656<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=us-gaap_ParentCompanyMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E6KAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>COMMITMENTS AND CONTINGENCIES (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentsAbstract', window );"><strong>Capital commitments:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted', window );">Commitments outstanding for the purchase of property, plant and equipment</a></td>
        <td class="nump"><a title="us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted" onclick="toggleNextSibling(this);">$ 34,800,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesOperatingAbstract', window );"><strong>Lease commitments:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesRentExpenseNet', window );">Lease expense</a></td>
        <td class="nump"><a title="us-gaap_OperatingLeasesRentExpenseNet" onclick="toggleNextSibling(this);">1,071,287</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingLeasesRentExpenseNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_OperatingLeasesRentExpenseNet" onclick="toggleNextSibling(this);">164,811</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingLeasesRentExpenseNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_OperatingLeasesRentExpenseNet" onclick="toggleNextSibling(this);">580,724</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingLeasesRentExpenseNet</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent', window );">2015</a></td>
        <td class="nump"><a title="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" onclick="toggleNextSibling(this);">1,071,287</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears', window );">2016</a></td>
        <td class="nump"><a title="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" onclick="toggleNextSibling(this);">1,071,287</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears', window );">2017</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" onclick="toggleNextSibling(this);">2,142,574</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyInformationAboutLitigationMattersAbstract', window );"><strong>Legal Matter</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyDamagesSoughtValue', window );">Damages claimed for breach of contract</a></td>
        <td class="nump"><a title="us-gaap_LossContingencyDamagesSoughtValue" onclick="toggleNextSibling(this);">800,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LossContingencyDamagesSoughtValue</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyEstimateOfPossibleLoss', window );">Best estimate of loss</a></td>
        <td class="nump"><a title="us-gaap_LossContingencyEstimateOfPossibleLoss" onclick="toggleNextSibling(this);">400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LossContingencyEstimateOfPossibleLoss</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualAtCarryingValue', window );">Contingent liability</a></td>
        <td class="nump"><a title="us-gaap_LossContingencyAccrualAtCarryingValue" onclick="toggleNextSibling(this);">$ 400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LossContingencyAccrualAtCarryingValue</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LeasesOperatingAbstract</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyAccrualAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of loss contingency liability.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14326-108349<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LossContingencyAccrualAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyDamagesSoughtValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The value (monetary amount) of the award the plaintiff seeks in the legal matter.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14326-108349<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 4<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14435-108349<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14557-108349<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LossContingencyDamagesSoughtValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyEstimateOfPossibleLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reflects the estimated amount of loss from the specified contingency as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 4<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14435-108349<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14557-108349<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LossContingencyEstimateOfPossibleLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyInformationAboutLitigationMattersAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LossContingencyInformationAboutLitigationMattersAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 40<br><br> -Subparagraph (Note 3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 40<br><br> -Subparagraph (Note 3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 40<br><br> -Subparagraph (Note 3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 40<br><br> -Subparagraph (Note 3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesRentExpenseNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41499-112717<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLeasesRentExpenseNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherCommitmentsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Minimum amount to be expended to satisfy the terms of arrangements in which the entity has agreed to expend funds to procure goods or services, excluding long-term purchase commitments or unconditional purchase obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.25)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 25<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 17<br><br> -Article 9<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.(a)(19))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EYFAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>INCOME TAXES (Schedule of Effect of Tax Holidays) (Details) (USD $)<br>In Millions, except Per Share data, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
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      </tr>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>INCOME TAXES [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxHolidayAggregateDollarAmount', window );">The aggregate dollar effect</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxHolidayAggregateDollarAmount" onclick="toggleNextSibling(this);">$ 3.0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxHolidayAggregateDollarAmount</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
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        <td class="nump"><a title="us-gaap_IncomeTaxHolidayIncomeTaxBenefitsPerShare" onclick="toggleNextSibling(this);">$ 0.01</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxHolidayIncomeTaxBenefitsPerShare</span><span></span></td>
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                    <td>duration</td>
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          </td>
        </tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of income taxes from which a reporting entity is exempt or for which it will receive a reduction in income taxes as a result of the income tax holiday granted by the taxing jurisdiction.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 11.C)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330215-122817<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 11<br><br> -Section C<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxHolidayAggregateDollarAmount</td>
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                  <tr>
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                    <td>xbrli:monetaryItemType</td>
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                    <td>duration</td>
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                <p>Per share amount effect of the income tax benefit resulting from the income tax holidays granted by taxing jurisdictions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 11.C)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330215-122817<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 11<br><br> -Section C<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>COMMITMENTS AND CONTINGENCIES<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
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        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsDisclosureTextBlock', window );">COMMITMENTS AND CONTINGENCIES</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>17. COMMITMENTS AND CONTINGENCIES</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>Capital commitments</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">As of December 31, 2014, commitments outstanding for the purchases of property, plant and equipment approximated $<font>34.8</font> million, which will be due subsequent to receipt of the purchases.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>Lease commitments</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">operating lease commitments as of December 31, 2014 were principally for its facility in Daqo New Material. The lease expense was </font>$<font>580,724</font>, $<font>164,811</font> and $<font>1,071,287</font> for the year ended December 31, 2012, 2013 and 2014, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Future minimum lease payments are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Year ending December 31</td>
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">USDUSD</td>
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
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<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 80%; background-color: #cceeff;">2015</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 17%; background-color: #cceeff;"><font>1,071,287</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">2016</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,071,287</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">2017</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-indent: 10pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>2,142,574</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

</table>
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</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><em><strong>Legal Matter</strong></em></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">The Group&#160;is the defendant in arbitration involving a supplier claiming approximately $<font>0.8</font> million from alleged breach of an equipment supply contract. The Group&#160;determined that the likelihood of loss is probable and the&#160;best estimate of&#160;loss is $<font>0.4</font> million. Accordingly, the contingent liability of $<font>0.4</font> million was accrued in "Accrued Expenses And Other Current Liabilities" as of December 31, 2014.<br/></p>
</div>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.25)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 25<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 17<br><br> -Article 9<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.(a)(19))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommitmentsDisclosureTextBlock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td>nonnum:textBlockItemType</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EL4AG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Property, Plant and Equipment) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract', window );"><strong>Property, plant and equipment</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestCostsCapitalized', window );">Interest expense capitalized</a></td>
        <td class="nump"><a title="us-gaap_InterestCostsCapitalized" onclick="toggleNextSibling(this);">$ 1,960,259</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestCostsCapitalized</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_InterestCostsCapitalized" onclick="toggleNextSibling(this);">$ 7,245,747</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestCostsCapitalized</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation of property, plant and equipment</a></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">28,007,943</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">52,250,595</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">37,371,791</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
        <td class="nump"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">(221,090,508)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">(115,637,415)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic income per share</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ 0.08</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ (0.41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ (0.64)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ChangeInAccountingEstimateByTypeAxis=us-gaap_ServiceLifeMember', window );">Service Life [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract', window );"><strong>Property, plant and equipment</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation of property, plant and equipment</a></td>
        <td class="num"><a title="us-gaap_Depreciation[us-gaap_ChangeInAccountingEstimateByTypeAxis=us-gaap_ServiceLifeMember]" onclick="toggleNextSibling(this);">(18,700,000)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation<br>/ us-gaap_ChangeInAccountingEstimateByTypeAxis<br>= us-gaap_ServiceLifeMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
        <td class="nump"><a title="us-gaap_ProfitLoss[us-gaap_ChangeInAccountingEstimateByTypeAxis=us-gaap_ServiceLifeMember]" onclick="toggleNextSibling(this);">$ 18,700,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss<br>/ us-gaap_ChangeInAccountingEstimateByTypeAxis<br>= us-gaap_ServiceLifeMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic income per share</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareBasic[us-gaap_ChangeInAccountingEstimateByTypeAxis=us-gaap_ServiceLifeMember]" onclick="toggleNextSibling(this);">$ 0.09</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic<br>/ us-gaap_ChangeInAccountingEstimateByTypeAxis<br>= us-gaap_ServiceLifeMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember', window );">Buildings and plant [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract', window );"><strong>Property, plant and equipment</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated useful lives</a></td>
        <td class="text">30 years<span></span></td>
        <td class="text">20 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember', window );">Machinery and equipment [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract', window );"><strong>Property, plant and equipment</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated useful lives</a></td>
        <td class="text">15 years<span></span></td>
        <td class="text">10 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember', window );">Furniture, fixtures and equipment [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract', window );"><strong>Property, plant and equipment</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated useful lives</a></td>
        <td class="text">3 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember', window );">Furniture, fixtures and equipment [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract', window );"><strong>Property, plant and equipment</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated useful lives</a></td>
        <td class="text">5 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember', window );">Motor vehicles [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract', window );"><strong>Property, plant and equipment</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated useful lives</a></td>
        <td class="text">6 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Depreciation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Depreciation</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
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          </td>
        </tr>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td>duration</td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of interest capitalized during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Allowance for Funds Used during Construction<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6504829<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 835<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br><br><br></p>
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                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2F">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SHARE BASED COMPENSATION (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
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          <div>Dec. 31, 2014</div>
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        <td class="text">&#xA0;<span></span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following assumptions were used in the Binomial option pricing model:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
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<tr style="vertical-align: bottom;">
<td align="center" style="font-family: 'Times New Roman';">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="31" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year Ended December 31, 2013</strong></td>
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<td style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Options<br/> granted</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Average<br/> risk-free<br/> rate of<br/> return</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Exercise<br/> multiple</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Volatility<br/> rate</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Dividend<br/> yield</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Post-<br/> vesting<br/> forfeiture<br/> rate</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-indent: 0pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;">April 3, 2013</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>2.29</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>2.8</font></font><font style="font: 10pt Times New Roman, Times, Serif;">&#160;times</font></td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>51.78</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>0</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>3</font>%</td>
<td style="text-align: left; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td align="center" style="font-family: 'Times New Roman';">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="31" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year Ended December 31, 2014</strong></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Options<br/> granted</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Average<br/> risk-free<br/> rate of<br/> return</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Exercise<br/> multiple</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Volatility<br/> rate</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Dividend<br/> yield</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Post-<br/> vesting<br/> forfeiture<br/> rate</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-indent: 0pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;">January 28, 2014<br/></td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>2.77</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>3.0</font></font><font style="font: 10pt Times New Roman, Times, Serif;"><font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #cceeff;">-</font>3.5</font> times</font></td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>93.0</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>0</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>3</font><font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #cceeff;">-</font>9.5</font>%</td>
<td style="text-align: left; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock', window );">Summary of Stock Option Activity</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">A summary of the aggregate option activity and information regarding options outstanding as of December 31, 2014 is as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Number&#160;of<br/> Options</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Weighted<br/> Average<br/> Exercise<br/> Price</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Weighted<br/> Average<br/> Remaining<br/> Contract&#160;Life</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Aggregate<br/> Intrinsic<br/> Value</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; width: 40%; padding-left: 0px; padding-top: 0px; background-color: #cceeff;">Options outstanding on January 1, 2014</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>6,371,250</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>0.25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 12%; background-color: #cceeff;"><br/></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 12%; background-color: #cceeff;"><br/></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-left: 10px; padding-top: 0px;">Granted</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6,274,166</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1.49</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding-left: 10px; padding-top: 0px; background-color: #cceeff;">Forfeited</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(112,500</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1.49</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-left: 10px; padding-top: 0px;">Expired</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(7,500</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1.49</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding-left: 10px; padding-top: 0px; background-color: #cceeff;">Exercised</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(150,000</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>0.25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 5px; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Options outstanding on December 31, 2014</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>12,375,416</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>0.87</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>7.23</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,016,816</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Options vested or expected to vest on December 31, 2014</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>8,693,171</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>0.47</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>6.02</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>5,763,445</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Options exercisable on December 31, 2014</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>7,353,583</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>0.51</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6.07</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>4,689,250</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
</div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock</td>
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                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock">
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                <p>Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (f)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock</td>
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                    <td>duration</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E5UHM">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS AND BALANCES (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="6">12 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2012</div>
        </th>
        <th class="th">
          <div>Sep. 28, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromRelatedParties', window );">Sales</a></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties" onclick="toggleNextSibling(this);">$ 19,150,112</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties" onclick="toggleNextSibling(this);">$ 13,471,866</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties" onclick="toggleNextSibling(this);">$ 2,799,427</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseRelatedParty', window );">Interest expense</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_InterestExpenseRelatedParty" onclick="toggleNextSibling(this);">40,611</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpenseRelatedParty</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Amount due from related parties</a></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">9,986,968</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">13,416,452</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent', window );">Change in amount due from related parties</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">(2,193,604)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">6,853,965</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">(8,418,601)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">89,698,151</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">88,537,790</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAxis=dq_DispositionOfSubsidiaryMember', window );">Disposition of Subsidiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_DispositionOfSubsidiaryMember]" onclick="toggleNextSibling(this);">9,888,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_DispositionOfSubsidiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember', window );">Purchases of Fixed Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember]" onclick="toggleNextSibling(this);">7,201,424</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember]" onclick="toggleNextSibling(this);">157,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember]" onclick="toggleNextSibling(this);">8,052,089</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAxis=dq_PrepaymentReceivedMember', window );">Prepayment Received [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PrepaymentReceivedMember]" onclick="toggleNextSibling(this);">15,852,593</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PrepaymentReceivedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfRawMaterialsMember', window );">Purchases of Raw Materials [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfRawMaterialsMember]" onclick="toggleNextSibling(this);">5,282</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfRawMaterialsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAxis=dq_RentalExpensesMember', window );">Rental Expenses [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty', window );">Expense</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_RentalExpensesMember]" onclick="toggleNextSibling(this);">1,071,287</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_RentalExpensesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAxis=dq_CashProceedsFromTransactionsMember', window );">Cash Proceeds from Transactions [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_CashProceedsFromTransactionsMember]" onclick="toggleNextSibling(this);">275,134,122</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_CashProceedsFromTransactionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_CashProceedsFromTransactionsMember]" onclick="toggleNextSibling(this);">136,084,140</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_CashProceedsFromTransactionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_CashProceedsFromTransactionsMember]" onclick="toggleNextSibling(this);">1,584,820</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_CashProceedsFromTransactionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAxis=dq_CashPaymentsForTransactionsMember', window );">Cash Payments for Transactions [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_CashPaymentsForTransactionsMember]" onclick="toggleNextSibling(this);">275,088,560</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_CashPaymentsForTransactionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_CashPaymentsForTransactionsMember]" onclick="toggleNextSibling(this);">69,386,568</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_CashPaymentsForTransactionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember', window );">Daqo Group [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Amount due from related parties</a></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">5,110,085</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">6,465,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">1,339,128</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">461,796</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember', window );">Daqo Group [Member] | Proceeds From Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">10,821,462</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">813,105</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember', window );">Daqo Group [Member] | Repayment of Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PaymentsForFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">8,115,813</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PaymentsForFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PaymentsForFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">813,105</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PaymentsForFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember', window );">Daqo Group [Member] | Disposition of Subsidiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_DispositionOfSubsidiaryMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">9,888,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_DispositionOfSubsidiaryMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember', window );">Daqo Group [Member] | Purchases of Fixed Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoGroupMember]" onclick="toggleNextSibling(this);">7,849,533</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember', window );">Zhengjiang Daqo Solar Co. Ltd [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromRelatedParties', window );">Sales</a></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">9,554,320</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhengjiangDaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">13,471,866</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhengjiangDaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">2,799,428</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhengjiangDaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Amount due from related parties</a></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">4,551,846</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhengjiangDaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">6,898,980</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhengjiangDaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">61,144</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhengjiangDaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember', window );">Zhengjiang Daqo Solar Co. Ltd [Member] | Daqo Group [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[dei_LegalEntityAxis=dq_DaqoGroupMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhengjiangDaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ dei_LegalEntityAxis<br>= dq_DaqoGroupMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhengjiangDaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember', window );">Daqo Solar Co Ltd [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromRelatedParties', window );">Sales</a></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">9,595,680</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">54,275,617</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">66,750,009</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember', window );">Daqo Solar Co Ltd [Member] | Daqo Group [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[dei_LegalEntityAxis=dq_DaqoGroupMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ dei_LegalEntityAxis<br>= dq_DaqoGroupMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember', window );">Daqo Solar Co Ltd [Member] | Proceeds From Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">157,241,390</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">76,881,392</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember', window );">Daqo Solar Co Ltd [Member] | Repayment of Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PaymentsForFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">166,231,092</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PaymentsForFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PaymentsForFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">28,379,678</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PaymentsForFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember', window );">Daqo Solar Co Ltd [Member] | Prepayment Received [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PrepaymentReceivedMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoSolarCoLtdMember]" onclick="toggleNextSibling(this);">13,497,973</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PrepaymentReceivedMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoSolarCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember', window );">Daqo Xinjiang Investment Co., Ltd. [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">23,104,709</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoXinjiangInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">18,482,300</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoXinjiangInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember', window );">Daqo Xinjiang Investment Co., Ltd. [Member] | Daqo Group [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[dei_LegalEntityAxis=dq_DaqoGroupMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ dei_LegalEntityAxis<br>= dq_DaqoGroupMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoXinjiangInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember', window );">Daqo Xinjiang Investment Co., Ltd. [Member] | Proceeds From Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">98,367,234</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoXinjiangInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">58,389,643</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoXinjiangInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember', window );">Daqo Xinjiang Investment Co., Ltd. [Member] | Repayment of Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PaymentsForFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">93,219,846</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PaymentsForFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoXinjiangInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PaymentsForFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">40,193,785</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PaymentsForFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoXinjiangInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember', window );">Daqo Xinjiang Investment Co., Ltd. [Member] | Prepayment Received [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PrepaymentReceivedMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoXinjiangInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">2,354,620</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PrepaymentReceivedMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoXinjiangInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember', window );">Daqo New Material [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember]" onclick="toggleNextSibling(this);">4,950,746</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoNewMaterialMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember]" onclick="toggleNextSibling(this);">449,988</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoNewMaterialMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember', window );">Daqo New Material [Member] | Daqo Group [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[dei_LegalEntityAxis=dq_DaqoGroupMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ dei_LegalEntityAxis<br>= dq_DaqoGroupMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoNewMaterialMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember', window );">Daqo New Material [Member] | Proceeds From Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember]" onclick="toggleNextSibling(this);">7,729,501</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoNewMaterialMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember', window );">Daqo New Material [Member] | Repayment of Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PaymentsForFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember]" onclick="toggleNextSibling(this);">4,600,117</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PaymentsForFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoNewMaterialMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember', window );">Daqo New Material [Member] | Rental Expenses [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_RentalExpensesMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoNewMaterialMember]" onclick="toggleNextSibling(this);">1,071,287</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_RentalExpensesMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoNewMaterialMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ChongqingDaqoTailaiMember', window );">Chongqing Daqo Tailai [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ChongqingDaqoTailaiMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ChongqingDaqoTailaiMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ChongqingDaqoTailaiMember]" onclick="toggleNextSibling(this);">1,755,326</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ChongqingDaqoTailaiMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ChongqingDaqoTailaiMember', window );">Chongqing Daqo Tailai [Member] | Purchases of Fixed Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ChongqingDaqoTailaiMember]" onclick="toggleNextSibling(this);">2,724,790</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ChongqingDaqoTailaiMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoTransformerMember', window );">Daqo Transformer [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoTransformerMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoTransformerMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoTransformerMember]" onclick="toggleNextSibling(this);">1,595,659</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoTransformerMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoTransformerMember]" onclick="toggleNextSibling(this);">18,546</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoTransformerMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoTransformerMember', window );">Daqo Transformer [Member] | Purchases of Fixed Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoTransformerMember]" onclick="toggleNextSibling(this);">1,913,941</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoTransformerMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_JiangsuDaqoMember', window );">Jiangsu Daqo [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_JiangsuDaqoMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_JiangsuDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_JiangsuDaqoMember]" onclick="toggleNextSibling(this);">1,200,018</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_JiangsuDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_JiangsuDaqoMember]" onclick="toggleNextSibling(this);">46,437</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_JiangsuDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_JiangsuDaqoMember', window );">Jiangsu Daqo [Member] | Purchases of Fixed Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_JiangsuDaqoMember]" onclick="toggleNextSibling(this);">1,165,346</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_JiangsuDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoElectricMember', window );">Nanjing Daqo Electric [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoElectricMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoElectricMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoElectricMember]" onclick="toggleNextSibling(this);">742,747</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoElectricMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoElectricMember]" onclick="toggleNextSibling(this);">33,697</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoElectricMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoElectricMember', window );">Nanjing Daqo Electric [Member] | Purchases of Fixed Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoElectricMember]" onclick="toggleNextSibling(this);">763,856</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoElectricMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember', window );">Zhenjiang Klockner-Moeller Electrical Systems Co., Ltd [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember]" onclick="toggleNextSibling(this);">310,395</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ZhenjiangKlocknerMoellerElectricalSystemsCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember', window );">Nanjing Daqo [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromRelatedParties', window );">Sales</a></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">112</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RevenueFromRelatedParties[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">80,126</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueFromRelatedParties<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseRelatedParty', window );">Interest expense</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_InterestExpenseRelatedParty[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">40,611</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpenseRelatedParty<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">1,651,810</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember', window );">Nanjing Daqo [Member] | Daqo Group [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[dei_LegalEntityAxis=dq_DaqoGroupMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ dei_LegalEntityAxis<br>= dq_DaqoGroupMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[dei_LegalEntityAxis=dq_DaqoGroupMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ dei_LegalEntityAxis<br>= dq_DaqoGroupMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember', window );">Nanjing Daqo [Member] | Proceeds From Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">973,898</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember', window );">Nanjing Daqo [Member] | Repayment of Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_PaymentsForFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">2,921,693</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PaymentsForFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember', window );">Nanjing Daqo [Member] | Loan Extended [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_LoanExtendedMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">1,584,820</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_LoanExtendedMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember', window );">Other Subsidiaries of Daqo Group [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Amount due from related parties</a></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">325,037</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">51,911</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">734,201</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">643,207</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember', window );">Other Subsidiaries of Daqo Group [Member] | Proceeds From Interest Free Loans [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Other transactions</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionAmountsOfTransaction[us-gaap_RelatedPartyTransactionAxis=dq_ProceedsFromFinancingTransactionMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">636</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionAmountsOfTransaction<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_ProceedsFromFinancingTransactionMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember', window );">Other Subsidiaries of Daqo Group [Member] | Purchases of Fixed Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">6,714,476</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">157,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">202,556</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember', window );">Other Subsidiaries of Daqo Group [Member] | Purchases of Raw Materials [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfRawMaterialsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_OtherSubsidiariesOfDaqoGroupMember]" onclick="toggleNextSibling(this);">5,282</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfRawMaterialsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_OtherSubsidiariesOfDaqoGroupMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingIntelligentApparatusCoLtdMember', window );">Nanjing Intelligent Apparatus Co., Ltd [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingIntelligentApparatusCoLtdMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingIntelligentApparatusCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingIntelligentApparatusCoLtdMember]" onclick="toggleNextSibling(this);">302,807</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingIntelligentApparatusCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingIntelligentApparatusCoLtdMember', window );">Nanjing Intelligent Apparatus Co., Ltd [Member] | Purchases of Fixed Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty', window );">Purchases</a></td>
        <td class="nump"><a title="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty[us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember;us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingIntelligentApparatusCoLtdMember]" onclick="toggleNextSibling(this);">146,543</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty<br>/ us-gaap_RelatedPartyTransactionAxis<br>= dq_PurchasesOfFixedAssetsMember<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingIntelligentApparatusCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingIntelligentSoftwareCoLtdMember', window );">Nanjing Intelligent Software Co., Ltd. [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingIntelligentSoftwareCoLtdMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingIntelligentSoftwareCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_NanjingIntelligentSoftwareCoLtdMember]" onclick="toggleNextSibling(this);">54,461</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_NanjingIntelligentSoftwareCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoInvestmentCoLtdMember', window );">Daqo Investment Co., Ltd [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_DaqoInvestmentCoLtdMember]" onclick="toggleNextSibling(this);">5,360</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_DaqoInvestmentCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ShanghaiSailfarElectricTechnologyCoLtdMember', window );">Shanghai Sailfar Electric Technology Co., Ltd. [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ShanghaiSailfarElectricTechnologyCoLtdMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ShanghaiSailfarElectricTechnologyCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract', window );"><strong>Related party balances:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related party</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent[us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=dq_ShanghaiSailfarElectricTechnologyCoLtdMember]" onclick="toggleNextSibling(this);">$ 34</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent<br>/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis<br>= dq_ShanghaiSailfarElectricTechnologyCoLtdMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr>
        <td colspan="8"></td>
      </tr>
      <tr>
        <td colspan="8">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top">
Prepayment has been considered a related party loan given there has been no deliveries since the prepayment was provided
</td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[2]</td>
              <td style="vertical-align: top;" valign="top">The remaining balance of amount due to related party of $734,201 as of December 31, 2014 was comprised of Zhenjiang Moeller, Intelligent Apparatus, Intelligent Software, Daqo Investment, Daqo Sailfar and Zhenjiang Daqo in the amount of $310,395, $302,807, $54,461, $5,360, $34, and $61,144, respectively.</td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[3]</td>
              <td style="vertical-align: top;" valign="top">The transactions of $6,714,476 in 2014 were comprised of the purchase of fixed assets from Nanjing Daqo Electric, Nanjing Daqo Transformer, Jiangsu Daqo, Chongqing Daqo Tailai and Intelligence Apparatus in the amount of $763,856, $1,913,941, $1,165,346, $2,724,790 and $146,543, respectively.</td>
            </tr>
          </table>
        </td>
      </tr>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 3<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.3(a)(2))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph k<br><br> -Subparagraph 2<br><br> -Article 4<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DueFromRelatedPartiesCurrent</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td>xbrli:monetaryItemType</td>
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                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          </td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph k<br><br> -Subparagraph 1<br><br> -Article 4<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DueToRelatedPartiesCurrent</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate increase (decrease) during the reporting period in the amount due from the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseRelatedParty">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of interest expense incurred on a debt or other obligation to related party.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InterestExpenseRelatedParty</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestOwnershipPercentageByParent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The parent entity's interest in net assets of the subsidiary, expressed as a percentage.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MinorityInterestOwnershipPercentageByParent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of transactions with related party during the financial reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionAmountsOfTransaction</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Purchases during the period (excluding transactions that are eliminated in consolidated or combined financial statements) with related party.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueFromRelatedParties">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1(e))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Related Parties<br><br> -URI http://asc.fasb.org/extlink&amp;oid=16382449<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 946<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.6-07.1(c))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6488393&amp;loc=d3e606610-122999<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 07<br><br> -Paragraph b<br><br> -Subparagraph 1<br><br> -Article 6<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RevenueFromRelatedParties</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionAxis=dq_CashPaymentsForTransactionsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionAxis=dq_CashPaymentsForTransactionsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionAxis=dq_CashProceedsFromTransactionsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionAxis=dq_CashProceedsFromTransactionsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionAxis=dq_DispositionOfSubsidiaryMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionAxis=dq_DispositionOfSubsidiaryMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionAxis=dq_PrepaymentReceivedMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionAxis=dq_PrepaymentReceivedMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionAxis=dq_PurchasesOfFixedAssetsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                    <td><strong> Period Type:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
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                    <td><strong> Period Type:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                  </tr>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
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                  </tr>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E1AAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>BORROWINGS (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>BORROWINGS [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDebtTableTextBlock', window );">Schedule of Bank Borrowings</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group's bank borrowings consisted of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;">Short-term bank borrowings</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>68,821,014</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>90,443,007</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Long-term bank borrowings, current portion</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>50,049,843</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>69,360,869</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total borrowings, current</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>118,870,857</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>159,803,876</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Long-term bank borrowings, non-current portion</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>134,870,287</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>77,336,160</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>253,741,144</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>237,140,036</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShortTermDebtTextBlock', window );">Schedule of Short-Term Borrowings</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group's short-term bank borrowing consisted of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 70%; background-color: #cceeff;">Short-term bank borrowing guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xiang Xu</td>
<td style="font-family: 'times new roman'; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>28,080,770</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>27,389,890</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Short-term bank borrowing guaranteed by Daqo Group and&#160;a third party</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>11,562,670</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>11,278,190</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Short-term&#160;credit bank borrowings</td>
<td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"><font>29,177,574</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"><font>51,774,927</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>68,821,014</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>90,443,007</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock', window );">Schedule of Long-Term Bank Borrowings</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<table cellpadding="0" cellspacing="0" style="font-family: 'Times New Roman', Times, serif; letter-spacing: normal; orphans: auto; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; width: 95%; margin-left: 0.100000001490116px; margin-right: 0.1px;" width="100%">

<tr style="vertical-align: bottom;">
<td>&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="6" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">December 31,</td>
<td style="padding-bottom: 1pt; font-weight: bold;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td>&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">2013</td>
<td style="padding-bottom: 1pt; font-weight: bold;">&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">2014</td>
<td style="padding-bottom: 1pt; font-weight: bold;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="width: 551.671875px; text-align: left; text-indent: -10pt; padding-left: 10pt;">Borrowing from China Construction Bank</td>
<td style="width: 9px;">&#160;</td>
<td style="width: 9px; text-align: left;">$</td>
<td style="width: 120px; text-align: right;"><font>7,102,783</font></td>
<td style="width: 9px; text-align: left;">&#160;</td>
<td style="width: 9px;">&#160;</td>
<td style="width: 8px; text-align: left;">$</td>
<td style="width: 119px; text-align: right;"><font>6,444,680</font></td>
<td style="width: 8px; text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; text-indent: -10pt; padding-left: 10pt;">Borrowing from Huaxia Bank</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>35,679,096</font></td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>25,778,720</font></td>
<td style="text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; text-indent: -10pt; padding-left: 10pt;">Borrowing from Bank of China</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>123,885,750</font></td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>101,503,710</font></td>
<td style="text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt;">Borrowing from Chongqing Rural Commercial Bank</td>
<td style="padding-bottom: 1pt;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right;"><font>18,252,501</font></td>
<td style="padding-bottom: 1pt; text-align: left;">&#160;</td>
<td style="padding-bottom: 1pt;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right;"><font>12,969,919</font></td>
<td style="padding-bottom: 1pt; text-align: left;">&#160;</td>
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<td style="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt;">Total</td>
<td style="font-weight: bold; padding-bottom: 2.5pt;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: left;">$</td>
<td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: right;"><font>184,920,130</font></td>
<td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left;">&#160;</td>
<td style="font-weight: bold; padding-bottom: 2.5pt;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: left;">$</td>
<td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: right;"><font>146,697,029</font></td>
<td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left;">&#160;</td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock', window );">Schedule of Principal Maturities of Long-term Bank Borrowings</a></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The principal maturities of these long-term bank borrowings as of December 31, 2014 are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
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<td style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font: 10pt Times New Roman, Times, Serif;"><strong>December 31, 2014</strong></font></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Amount</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 85%; background-color: #cceeff;">2015</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>69,360,869</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">2016</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>40,279,250</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">2017</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>37,056,910</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>146,697,029</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EYTDI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>EXIT and DISPOSAL ACTIVITIES (Details)<br></strong></div>
        </th>
        <th class="th" colspan="6">12 Months Ended</th>
        <th class="th" colspan="1"></th>
        <th class="th" colspan="1"></th>
        <th class="th" colspan="1"></th>
        <th class="th" colspan="1">6 Months Ended</th>
        <th class="th" colspan="3">12 Months Ended</th>
        <th class="th" colspan="1"></th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Wages [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Electricity fees [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Selling, general and administrative expenses [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Carrying Value [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Significant Production Assets [Member]

</div>
          <div>Carrying Value [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Significant Production Assets [Member]

</div>
          <div>Carrying Value [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Sep. 28, 2012

</div>
          <div>Nanjing Daqo [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Nanjing Daqo [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Nanjing Daqo [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012

</div>
          <div>Nanjing Daqo [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Sep. 28, 2012

</div>
          <div>Nanjing Daqo [Member]

</div>
          <div>CNY</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2012

</div>
          <div>Nanjing Daqo [Member]

</div>
          <div>USD ($)</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems', window );"><strong>Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Equity interest held</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_MinorityInterestOwnershipPercentageByParent[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MinorityInterestOwnershipPercentageByParent<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration', window );">Total consideration received</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">$ 9,900,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);"> 62,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax', window );">Total (loss) discontinued operations</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" onclick="toggleNextSibling(this);">(2,392,228)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(2,392,228)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax', window );">Gain on disposition</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" onclick="toggleNextSibling(this);">1,099,299</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">1,099,299</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNet', window );">Net assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_AssetsNet[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">12,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsNet<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Reclassification of foreign currency translation gain from other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses" onclick="toggleNextSibling(this);">1,099,299</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">1,099,299</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfBusinesses', window );">Total cash consideration received</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfBusinesses[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">4,778,657</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfBusinesses<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract', window );"><strong>Operating results reported as discontinued operations:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue', window );">Revenues</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">6,454,830</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense', window );">Operating costs and expenses</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(9,946,357)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax', window );">Loss from discontinued operations before income taxes</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(2,100,000)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(3,491,527)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod', window );">Income tax benefit</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax', window );">Loss from discontinued operations</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(3,491,527)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestructuringCostAndReserveLineItems', window );"><strong>Restructuring Cost and Reserve [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentFairValueDisclosure', window );">Carrying value of assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure[us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">307,942,362</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentFairValueDisclosure<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure[us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis=dq_SignificantProductionAssetsMember]" onclick="toggleNextSibling(this);">116,100,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentFairValueDisclosure<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis<br>= dq_SignificantProductionAssetsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure[us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis=dq_SignificantProductionAssetsMember]" onclick="toggleNextSibling(this);">144,700,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentFairValueDisclosure<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis<br>= dq_SignificantProductionAssetsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse', window );">Impairment charge</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" onclick="toggleNextSibling(this);">158,424,827</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</span><span></span></td>
        <td class="nump"><a title="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" onclick="toggleNextSibling(this);">42,754,481</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SeveranceCosts1', window );">Employee termination costs</a></td>
        <td class="nump"><a title="us-gaap_SeveranceCosts1" onclick="toggleNextSibling(this);">800,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SeveranceCosts1</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_PropertyPlantAndEquipmentRelocated', window );">Carrying value of assets relocated</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_PropertyPlantAndEquipmentRelocated[us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis=dq_SignificantProductionAssetsMember]" onclick="toggleNextSibling(this);">46,100,000</a><span style="display:none;white-space:normal;text-align:left;">dq_PropertyPlantAndEquipmentRelocated<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis<br>= dq_SignificantProductionAssetsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_PropertyPlantAndEquipmentYetToBeRelocated', window );">Carrying value of assets yet to be relocated</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_PropertyPlantAndEquipmentYetToBeRelocated[us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis=dq_SignificantProductionAssetsMember]" onclick="toggleNextSibling(this);">70,000,000</a><span style="display:none;white-space:normal;text-align:left;">dq_PropertyPlantAndEquipmentYetToBeRelocated<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis<br>= dq_SignificantProductionAssetsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessExitCosts1', window );">Relocation costs</a></td>
        <td class="nump"><a title="us-gaap_BusinessExitCosts1" onclick="toggleNextSibling(this);">500,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_BusinessExitCosts1</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_BusinessExitCosts1[us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember]" onclick="toggleNextSibling(this);">800,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_BusinessExitCosts1<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_SellingGeneralAndAdministrativeExpensesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestructuringAndRelatedCostExpectedCost1', window );">Expected relocation costs</a></td>
        <td class="nump"><a title="us-gaap_RestructuringAndRelatedCostExpectedCost1" onclick="toggleNextSibling(this);">2,300,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RestructuringAndRelatedCostExpectedCost1</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestructuringCharges', window );">Maintenance expenses</a></td>
        <td class="nump"><a title="us-gaap_RestructuringCharges" onclick="toggleNextSibling(this);">$ 500,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RestructuringCharges</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_RestructuringCharges[us-gaap_IncomeStatementLocationAxis=us-gaap_OtherExpenseMember]" onclick="toggleNextSibling(this);">$ 300,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RestructuringCharges<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_OtherExpenseMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_RestructuringCharges[us-gaap_IncomeStatementLocationAxis=dq_ElectricityFeesMember]" onclick="toggleNextSibling(this);">$ 200,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RestructuringCharges<br>/ us-gaap_IncomeStatementLocationAxis<br>= dq_ElectricityFeesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_PropertyPlantAndEquipmentRelocated">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value portion of physical assets used in the normal conduct of business to produce goods and services and not intended for resale, that have been relocated.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_PropertyPlantAndEquipmentRelocated</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_PropertyPlantAndEquipmentYetToBeRelocated">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value portion of physical assets used in the normal conduct of business to produce goods and services and not intended for resale, that have yet to be relocated.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_PropertyPlantAndEquipmentYetToBeRelocated</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of net assets (liabilities).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 946<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 3<br><br> -Subparagraph (SX 210.6-09.6,7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6488393&amp;loc=d3e606914-122999<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35686370&amp;loc=SL35686385-199418<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 946<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.6-05.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6488278&amp;loc=d3e604008-122996<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 05<br><br> -Paragraph 4<br><br> -Article 6<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 09<br><br> -Paragraph 19<br><br> -Article 6<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessExitCosts1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394359&amp;loc=d3e17939-110869<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 5.P.4(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27011515&amp;loc=d3e140904-122747<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 5.P.3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27011515&amp;loc=d3e140864-122747<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 5<br><br> -Section P<br><br> -Subsection 3, 4<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_BusinessExitCosts1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Pretax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Income tax expense or benefit attributable to Income or Loss from discontinued operations during the phase-out period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32672-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18498875&amp;loc=d3e38679-109324<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of consideration received or receivable for the disposal of assets and liabilities, including discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of foreign currency translation gains or losses included in the disposal group, whether or not a component of the entity (discontinued operation), that were previously reported in accumulated other comprehensive Income or Loss.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 20<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6915805&amp;loc=d3e32211-110900<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of operating expenses attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of sales or other form of revenues attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue</td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=8077374&amp;loc=d3e2420-110228<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 958<br><br> -SubTopic 225<br><br> -Section 45<br><br> -Paragraph 11<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28367520&amp;loc=d3e92212-112881<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Impairment<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 13<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.14)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 15<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestOwnershipPercentageByParent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The parent entity's interest in net assets of the subsidiary, expressed as a percentage.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MinorityInterestOwnershipPercentageByParent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromDivestitureOfBusinesses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromDivestitureOfBusinesses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentFairValueDisclosure">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value portion of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19190-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentFairValueDisclosure</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestructuringAndRelatedCostExpectedCost1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount expected to be recognized in earnings for the specified restructuring cost.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394359&amp;loc=d3e17939-110869<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 5<br><br> -Section P<br><br> -Subsection 3, 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB Topic 5.P.4(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27011515&amp;loc=d3e140904-122747<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RestructuringAndRelatedCostExpectedCost1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestructuringCharges">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394359&amp;loc=d3e17939-110869<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 5.P.4(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27011515&amp;loc=d3e140904-122747<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 5.P.3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27011515&amp;loc=d3e140864-122747<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 5<br><br> -Section P<br><br> -Subsection 3, 4<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RestructuringCharges</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestructuringCostAndReserveLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RestructuringCostAndReserveLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SeveranceCosts1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394359&amp;loc=d3e17939-110869<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 5.P.4(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27011515&amp;loc=d3e140904-122747<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 420<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 5.P.3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27011515&amp;loc=d3e140864-122747<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 5<br><br> -Section P<br><br> -Subsection 3, 4<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 715<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)(10)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35743120&amp;loc=d3e1928-114920<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SeveranceCosts1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>46
<FILENAME>R67.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EZGAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>INCOME TAXES (Schedule of Income Tax Expenses) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>INCOME TAXES [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefit', window );">Current Tax Expenses (Benefit)</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_CurrentIncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">$ (162,621)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CurrentIncomeTaxExpenseBenefit</span><span></span></td>
        <td class="num"><a title="us-gaap_CurrentIncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">$ (1,894,736)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CurrentIncomeTaxExpenseBenefit</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred Tax Expenses (Benefit)</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_DeferredIncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">1,434,386</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredIncomeTaxExpenseBenefit</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredIncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">12,148,323</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredIncomeTaxExpenseBenefit</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation', window );">Total</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation" onclick="toggleNextSibling(this);">$ 1,271,765</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation" onclick="toggleNextSibling(this);">$ 10,253,587</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentIncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Current Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509736<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 6<br><br> -Section I<br><br> -Subsection 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CurrentIncomeTaxExpenseBenefit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 6<br><br> -Section I<br><br> -Subsection 7<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The sum of income tax expense or benefit for the period that has been allocated among continuing operations, discontinued operations, extraordinary items, other comprehensive income, and items charged or credited directly to shareholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18498875&amp;loc=d3e38679-109324<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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<TYPE>XML
<SEQUENCE>47
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EABAC">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>BORROWINGS (Schedule of Principal Maturities of Bank Borrowings) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>BORROWINGS [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths', window );">2015</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" onclick="toggleNextSibling(this);">$ 69,360,869</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo', window );">2016</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" onclick="toggleNextSibling(this);">40,279,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree', window );">2017</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" onclick="toggleNextSibling(this);">37,056,910</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebt" onclick="toggleNextSibling(this);">$ 146,697,029</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 16<br><br> -Article 7<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 16<br><br> -Article 9<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20, 22<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
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                <p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 3<br><br> -Subparagraph (SX 210.12-04.(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 3<br><br> -Subparagraph (SX 210.12-04.(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br><br><br><br></p>
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                <p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2F">
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          <div style="width: 200px;"><strong>SEGMENT INFORMATION (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following table summarizes the Group's revenue by segment:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31, 2012</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
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<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Wafer</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Elimination</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;">Revenue - External</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>73,450,807</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>13,407,594</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>86,858,401</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Revenue - Intersegment</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6,067,339</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(6,067,339</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total revenue</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>79,518,146</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>13,407,594</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(6,067,339</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>86,858,401</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Total Cost of revenue</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>110,243,043</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20,114,680</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(6,067,339</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>124,290,384</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Gross loss</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(30,724,897</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(6,707,086</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(37,431,983</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31, 2013</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Polysilicon</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Wafer</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Elimination</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;">Revenue - External</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>76,721,105</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>32,278,700</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>108,999,805</font></td>
<td style="text-align: left; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Revenue - Intersegment</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>13,195,838</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(13,195,838</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total revenue</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>89,916,943</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>32,278,700</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(13,195,838</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>108,999,805</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Total Cost of revenue</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>98,684,325</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>49,614,921</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(13,195,838</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>135,103,408</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Gross loss</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(8,767,382</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(17,336,221</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(26,103,603</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31, 2014</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Polysilicon</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Wafer</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Elimination</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;">Revenue &#150; External</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>127,692,325</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>54,879,527</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>182,571,852</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Revenue - Intersegment</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>29,424,883</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(29,424,883</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total Revenue</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>157,117,208</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>54,879,527</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(29,424,883</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>182,571,852</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Total Cost of revenue</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>119,703,550</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>47,861,811</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(28,256,850</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>139,308,511</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Gross Profit</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>37,413,658</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>7,017,716</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(1,168,033</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: left; background-color: #cceeff;">)&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>43,263,341</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock', window );">Schedule of Revenues of Major Customers</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following customers accounted for <font>10</font>% or more of revenues:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%; margin-left: 1in;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 52%; background-color: #cceeff;">Customer I</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 13%; background-color: #cceeff;"><font>21,749,284</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right; width: 13%; background-color: #cceeff;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 13%; background-color: #cceeff;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Customer J</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>19,644,488</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>23,882,302</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Customer C</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>18,210,196</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Customer K</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>13,471,873</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div align="left">
<div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;">&#160;</div>
</div>
<div class="CursorPointer">
<table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;">

<tr style="vertical-align: top;">
<td style="width: 2%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">*</font></td>
<td style="width: 1%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">&#160;</td>
<td style="width: 97%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">
<div>Represents less than 10%</div>
</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.</p>
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                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8721-108599<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8813-108599<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13816-109267<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8906-108599<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 22<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8736-108599<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>SUMMARY OF PRINCIPAL ACCOUNTING POLICIES<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>2. SUMMARY OF PRINCIPAL ACCOUNTING POLICIES</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(a) Basis of presentation</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The consolidated financial statements of the Group have been prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP").</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">The accompanying consolidated financial statements have been prepared assuming that the Group will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The realization of assets and the satisfaction of liabilities in the normal course of business are dependent on, among other things, the Group's ability to generate cash flows from operations, and the Group's ability to arrange adequate financing arrangements, including the renewal or rollover of its bank borrowings, to support its working capital requirements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">As of December 31, 2014, the Group's current liabilities exceed its current assets by $<font>274,118,480</font>. While the Group&#160;had cash and cash equivalents of $ <font>7,068,483</font>, and short-term bank borrowings of $ <font>90,443,007</font> will be due within one year. The current portion of long-term bank borrowings amounting to $ <font>69,360,869</font> is restricted to purchase fixed assets and required to be paid off upon due dates. Additionally, the Group&#160;has capital commitment of $<font>20.4</font>&#160;million to be fulfilled in the next twelve months.&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">However, the Group&#160;regards the going concern assumption as appropriate considering the following plans and actions:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<ol>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">March 6, 2015, the Group obtained a letter of financial support from Daqo Group which has committed to provide sufficient financial support to the Group to ensure the Group has the funds required to satisfy its obligations as they come due in the normal course during the twelve months ending December 31, 2015. Further, the support letter provides that Daqo Group will not require the Group to pay the amount owed to the Daqo Group and subsidiaries of Daqo Group, Daqo Solar, Daqo New Material and Xinjiang Daqo Investment</font>.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In February 2015, the Group&#160;has obtained approximately $<font>28.0</font> million through follow-on equity offering.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">For the first time since 2012, the Group&#160;generated net income and positive cash flow from operations in 2014 amounting to&#160;$<font>16.7</font> million and $<font>45.6</font>&#160;million, respectively.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;has or is in the process of taking a number of cost reduction initiatives, including the new hydrochlorination system, technology improvement and polysilicon capacity expansion in Xinjiang.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;has performed a review of its cash flow forecasts for the twelve month period ending December 31, 2015, and believes that its operating cash flow will be positive during the twelve month period ending December 31, 2015.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">As of March 31, 2015, the Company successfully rolled over, renewed or replaced with new loans by existing creditors totaling $<font>30.6</font> million. While there can be no assurance, management believes they will be able to roll over or renew substantially all of the $<font>90.4</font> million of short term loans outstanding as of December 31, 2014</font>.<br/><br/>Based on the above factors, management believes that adequate sources of liquidity will exist to fund the Group's working capital and capital expenditures requirements, and to meet its short term debt obligations, other liabilities and commitments as they become due.</li>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(b) Basis of consolidations</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The consolidated financial statements include the financial statements of the Group. All intercompany transactions and balances have been eliminated on consolidation.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(c) Use of estimates</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;">The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Management has made significant estimates in a variety of areas, including but not limited to allowance for doubtful accounts, inventories valuation, useful lives and residual values of long-lived assets, impairment for long lived assets, consolidation of Daqo New Material, valuation allowances for deferred tax assets, interest capitalization, warranty accrual and certain assumptions used in the computation of share-based compensation and related forfeiture rates.</font> <font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;">The Group revised the estimates of expected useful lives of property, plant and equipment on January 1, 2014, and please refers to Note 2 (i) for details.</font></p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(d) Concentration of credit risk</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable and notes receivable.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group places its cash and cash equivalents in various financial institutions in the PRC. The Group believes that no significant credit risk exists as these banks are principally government-owned financial institutions with high credit ratings.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Accounts receivable represent those receivables derived in the ordinary course of business. The Group conducts credit evaluations of customers to whom credit terms are extended. The Group establishes an allowance for doubtful accounts mainly based on aging of the receivables and other factors surrounding the credit risk of specific customers. The allowance for doubtful accounts is $<font>7,160,782</font> and $<font>3,189,110</font> as of December 31, 2013 and 2014, respectively, based on the aging of the receivables and the Group's assessment of the customers' credit risk.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following customers accounted for 10% or more of accounts receivable:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td colspan="6" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font: 10pt Times New Roman, Times, Serif;"><strong>December 31,</strong></font></td>
<td style="font-family: 'Times New Roman';">&#160;</td>
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<td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"><strong>Accounts<br/> receivable</strong></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"><br/> <strong>2014</strong></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer A</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; background-color: #cceeff;"><font>3,673,455</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>*</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr>
<td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer B</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>1,225,831</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; white-space: nowrap;"><font>*</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="background-color: #cceeff;">
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer C</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>1,507,576</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>2,213,393</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer D</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font>1,578,947</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="background-color: #cceeff;">
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer E</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>1,330,145</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font><font style="font-size: 13.3333330154419px;">Customer F</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font>1,071,415</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div style="margin-top: 3pt; margin-bottom: 1pt;" align="left">
<div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;">&#160;</div>
</div>
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<table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;">

<tr style="vertical-align: top;">
<td style="width: 2%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">*</font></td>
<td style="width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">&#160;</td>
<td style="width: 97%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">
<div>Represents less than 10%</div>
</td>
</tr>

</table>
</div>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;">From time to time, certain accounts receivable balances are settled in the form of notes receivable. As of December 31, 2013 and 2014, notes receivable represents bank acceptance drafts that are non-interest bearing and due within 6 months.</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;">&#160;&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Total sales of polysilicon to the Group's largest customers whose sales constitute over 10% of revenue accounted for approximately <font>25</font>%, <font>30</font>% and <font>23</font>% of revenues for the years ended December 31, 2012, 2013 and 2014, respectively. The Group is substantially dependent upon the continued participation of these customers in order to maintain its total revenues. Significantly reducing the Group's dependence on these customers is likely to take time and there can be no guarantee that the Group will succeed in reducing that dependence.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Furthermore, <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">all of the Group's long-term bank borrowings are guaranteed by Daqo Group, our related party, who has also committed to provide financial support to meet the Group's short term bank borrowings obligations, other liabilities and commitments as they become due (see Note 2(a)). The Group's access to credit is significantly reliant on Daqo Group's ability and willingness to continue to provide sufficient financial support</font>.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(e) Cash and cash equivalents</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Cash and cash equivalents consist of cash on hand and demand deposits, which are unrestricted as to withdrawal and use, and which have maturities of three months or less when purchased.</p>
</div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(f) Restricted cash</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Restricted cash amounted to $<font>8,826,110</font> and $<font>22,169,236</font> as of December 31, 2013 and 2014, respectively, and are deposited in bank accounts as deposits for short-term letters of credit and notes issued by several banks for purchases of raw materials, plant and equipment. These deposits carry fixed interest rates and will be released when the related letters of credit or notes are settled by the Group. The Group considers the restricted cash balances as equivalent to an investment whose return of principal requires the satisfaction of conditions (i.e., settlement of letters of credit or notes) rather than a withdrawal demand. Therefore, deposits and withdrawals of principal balances in restricted cash accounts represent the creation or return of investment and, accordingly, the Group has presented such deposits and withdrawals as investing activities in the consolidated statements of cash flows.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(g) Allowance for Doubtful Accounts</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group determines its allowance for doubtful accounts by actively monitoring the financial condition of its customers to determine the potential for any nonpayment of trade receivables. In determining its allowance for doubtful accounts, the Group also considers other economic factors, such as aging trends. The Group believes that its process of specific review of customers combined with overall analytical review provides an effective evaluation of ultimate collectability of trade receivables.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(h) Inventories</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Inventories are stated at lower of cost or market. Costs are determined using weighted average costs. Costs comprise direct materials, direct labor and overhead costs incurred in bringing the inventories to their present location and condition. The Group writes down the cost of excess inventories to the estimated market value based on historical and forecasted demand. Estimated market value is measured as the estimated selling price of each class of inventory in the ordinary course of business less estimated costs of completion and disposal. The charges to inventory for the years ended December 31, 2012, 2013 and 2014 were $<font>14,821,620</font>, $ <font>29,905,734</font> and $<font>175,568</font>, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group has outsourced portions of its manufacturing process, including cutting ingots into wafers, and converting wafers into solar cells, to various third-party manufacturers. These outsourcing arrangements may or may not include transfer of title of the raw material inventory (ingots, wafers or cells) to the third-party manufacturers.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">For those outsourcing arrangements in which title does not transfer, the Group maintains the inventory in the balance sheet as raw materials inventory while it is in physical possession of the third-party manufacturers. Upon receipt of the processed inventory from the third-party manufacturers, it is reclassified to work-in-progress inventory with the processing fee capitalized as cost of inventory.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">For those outsourcing arrangements in which title (including risk of loss) does transfer to the third-party manufacturer, the Group is contractually obligated to repurchase the processed inventory. To accomplish this, it enters into raw material sales agreements and processed inventory purchase agreements simultaneously with the third-party manufacturer. In such instances, where they are, in substance tolling arrangements, the Group retains the inventory in the consolidated balance sheets while it is in the physical possession of the third-party manufacturer. The cash received from the third-party manufacturer is recorded as a current liability on the balance sheet rather than revenue or deferred revenue. Upon receipt of the processed inventory, it is reclassified from raw materials to work-in-progress inventory and the processing fee paid to the third-party manufacturer is added to inventory cost. Cash payments for outsourcing arrangements which require prepayment for repurchase of the processed inventory are classified as current assets on the balance sheet. If there is <font>no</font> legal right of offset established by these arrangements, the associated assets and liabilities are presented separately on the balance sheet until the processed inventory is returned to the Group.</p>
</div>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(i) Property, plant and equipment</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Property, plant and equipment are recorded at cost less accumulated depreciation. Depreciation is recognized on a straight-line basis over the following estimated useful lives:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellspacing="0" cellpadding="0" style="font: 10pt times new roman, times, serif; width: 85%; border-collapse: collapse; margin-left: 58px;" width="100%">

<tr>
<td style="vertical-align: top; width: 82%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Buildings and plant</font></td>
<td style="vertical-align: bottom; width: 18%; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>30</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Machinery and equipment</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>15</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Furniture, fixtures and equipment</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>3</font>-<font>5</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Motor vehicles</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>6</font> years</font></td>
</tr>

</table>
</div>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;reassesses the reasonableness of the estimates of useful lives and residual values of long-lived assets when events or changes in circumstances indicate that the useful lives and residual values of a major asset or a major category of assets may not be reasonable. Factors that the Group&#160;considers in deciding when to perform an analysis of useful lives and residual values of long-lived assets include, but are not limited to, significant variance of a business or product line in relation to expectations, significant deviation from industry or economic trends, and significant changes or planned changes in the use of the assets. The analysis will be performed at the asset or asset category with the reference to the assets' conditions, current technologies, market, and future plan of usage and the useful lives of major competitors.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 33.7333335876465px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">2013, the Group decided to relocate a majority of Chongqing's polysilicon assets to Xinjiang. As part of the decision to make significant investment to relocate the assets, the Group revisited the expectation as to the useful lives of these assets. Based on this review, the Group determined that the condition of its major assets, having now been in operations for a meaningful percentage of the original estimated lives, were in better condition, than the original useful life expectation had predicted, accordingly, the Group engaged an independent valuation firm to assist in reassessing the remaining economic useful life of the polysilicon assets in both Chongqing and Xinjiang. The analysis was completed in the first quarter of 2014</font>.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Therefore, the Group&#160;revised the estimates of expected useful lives of long-lived assets from January 1, 2014. The useful lives of machinery and equipment were expended from <font>10</font> years to <font>15</font> years, while buildings and structures were expended from <font>20</font> years to <font>30</font> years. No changes were made to furniture, fixtures and equipment, or motor vehicles. During the year ended December 31, 2014, the change in useful lives reduced depreciation expense of approximately $<font>18.7</font> million, a majority of which was recorded in "Total cost of revenues", accordingly the impact on net income and basic net income per share is $<font>18.7</font> million and $<font>0.09</font> per ordinary share respectively.<br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Costs incurred on construction are capitalized and transferred to property, plant and equipment upon completion, at which time depreciation commences.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Interest expense incurred for construction of property, plant, and equipment is capitalized as part of the cost of such assets. The Group&#160;capitalizes interest to the extent that expenditures to construct an asset have occurred and interest costs have been incurred. Interest expense capitalized for the years ended December 31, 2012, 2013 and 2014 was $<font>7,245,747</font>, $<font>nil</font> and $<font>1,960,259</font>&#160;respectively.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(j) Prepaid land use rights</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">All land in the PRC is owned by the PRC government. The PRC government, according to PRC law, may sell the land use rights for a specified period of time. The Group's land use rights in the PRC are stated at cost less recognized lease expenses. Lease expense is recognized over the term of the agreement on a straight-line basis. The Group recorded lease expenses of $<font>958,558</font>, $<font>781,706</font> and $<font>628,052</font>, for the years ended December 31, 2012, 2013 and 2014, respectively.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(k) Impairment of long-lived assets</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Factors that the Group considers in deciding when to perform an impairment review include, but are not limited to significant under-performance of a business or product line in relation to expectations, significant negative industry or economic trends, and significant changes or planed changes in the use of the assets. An impairment analysis is performed at the lowest level of identifiable independent cash flows for an asset or asset group. The Group makes subjective judgments in determining the independent cash flows that can be related to a specific asset group based on the asset usage model and manufacturing capabilities. The Group measures the recoverability of assets that will continue to be used in the operations by comparing the carrying value of the asset group to the estimate of the related total future undiscounted cash flows. If an asset group's carrying value is not recoverable through the related undiscounted cash flows, the impairment loss is measured by comparing the difference between the asset group's carrying value and its fair value. The Group determines the fair value of an asset or asset group utilizing estimated future discounted cash flows and incorporates assumptions that it believes marketplace participants would utilize.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">During each of the <font>three</font> year ended December 31, 2012, 2013 and 2014, the impairment changes were $<font>42,754,481</font>, $<font>158,424,827</font> and $<font>nil</font>, respectively.&#160;The impairment loss incurred during the year ended December 31, 2012 was related to the impairment of long-lived assets of the wafer business, and was triggered primarily by the significant decrease in average selling prices for wafers that was experienced in 2012. The impairment loss incurred during the year ended December 31, 2013 was related to the buildings and plant of polysilicon asset group in Chongqing Daqo and Daqo New Material, and was triggered primarily by the significant decrease in average selling prices for polysilicon and the Group's decision of relocating significant machinery and equipment located at Chongqing Daqo to Xinjiang Daqo as a part of its expansion plan.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(l) Revenue recognition</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="text-decoration: underline;">Product sales</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group recognizes revenue when persuasive evidence of an arrangement exists, the sales price is fixed or determinable, delivery of the product has occurred, title and risk of loss have transferred to the customers and collectability of the receivable is reasonably assured. The majority of the sales contracts transfer title and risk of loss to customers upon receipt. Sales agreements for polysilicon and wafers typically do not contain product warranties except for return and replacement of defective products within a period generally ranging from <font>3</font> to <font>30</font> days from delivery. Sales agreements typically do not contain post-shipment obligations or other return or credit provisions. The Group may extend credit terms after assessing a number of factors to determine the customers' credit worthiness.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Customers frequently pay for products prior to the delivery of the products. Advance payments are recorded as advances from customers.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="text-decoration: underline;">Service revenue</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">Group also provides OEM services to customers, such as the provision of service to process polysilicon into ingots and wafers. The Group recognizes revenue when there is persuasive evidence of an arrangement, the service has been rendered, the sales price is fixed or determinable and collectability is reasonably assured</font>.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(m) Cost of revenues</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Cost of revenues consists of production related costs including costs of silicon raw materials, electricity and other utilities, consumables, direct labor, overhead costs, depreciation of property, plant and equipment, and manufacturing waste treatment processing fees.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(n) Shipping and handling</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Costs to ship products to customers are recorded as selling expenses in the consolidated statements of operations. Costs to ship products to customers were $<font>1,033,808</font>, $<font>1,901,384</font> and $<font>2,054,786</font>, respectively for the years ended December 31, 2012, 2013 and 2014.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(o) Research and development expenses</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Research and development expenses include materials and utilities consumed in research and development activities, payroll and related costs and depreciation of property and equipment associated with the research and development activities, which are expensed when incurred. In the years ended December 31, 2013 and 2014, the Group&#160;incurred additional research and development expenses for its Xinjiang Phase II polysilicon facilities to achieve the targets for quality, capacity and cost during the pilot production period.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(p) Government subsidies</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group receives unrestricted cash subsidies from local government agencies. The government agencies use their discretion to determine the amount of the subsidies with reference to land use right fees, value-added tax and income taxes paid, bank loan interest expenses paid or electricity consumed by the Group, however, these subsidies do not represent tax refunds or reimbursements of expenditures. The subsidies are unrestricted as to use and can be utilized by the Group in any manner it deems appropriate. The Group has utilized, and expects to continue to utilize, these subsidies to fund general operating expenses. The Group records unrestricted cash government subsidies as other operating income in the consolidated statements of operations. Unrestricted cash government subsidies received for the years ended December 31, 2012, 2013 and 2014 were $<font>9,250,296</font>, $<font>5,249,788</font> and $<font>926,173</font>, respectively.&#160;Government grants related to assets are recorded as long term liabilities and are recognized as an offset to depreciation expense on a straight-line basis over the useful life of the associated asset. The Group&#160;received government grants related to assets of $<font>1,383,487</font>, $<font>1,172,160</font> and $<font>113,735</font>&#160;during the years ended December 31, 2012, 2013 and 2014, respectively.</p>
</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(q) Income taxes</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amount in the consolidated financial statements, net operating loss carry-forwards and credits by applying enacted tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the statement of operations in the period of the enactment of the change. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on the characteristics of the underlying assets and liabilities, or the expected timing of their use when they do not relate to a specific asset or liability.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(r) Share-based compensation</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group recognizes share-based compensation in the statement of operations based on the fair value of equity awards on the date of the grant, with compensation expense recognized over the period in which the grantee is required to provide service to the Group in exchange for the equity award. The Group has made an estimate of expected forfeiture and is recognizing compensation costs only for those equity awards expected to vest. The share-based compensation expenses have been categorized as either selling, general and administrative expenses, research and development expenses and cost of sales, depending on the job functions of the grantees. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For the years ended December 31, 2012, 2013 and 2014, the Group recognized share-based compensation expense of $2,249,834, $1,881,401 and $1,792,819, respectively, which was classified as follows:</font></p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 61%; background-color: #cceeff;">Selling, general and administrative expenses</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>2,018,817</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>1,743,768</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>1,544,078</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Research and development expenses</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>175,242</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>60,987</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>12,310</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Cost of sales</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>55,775</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>76,646</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>236,431</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>2,249,834</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>1,881,401</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>1,792,819</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
</div>
</div>
<div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(s) (Loss) earnings per share</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Basic (loss) earnings per ordinary share are computed by dividing the net (loss) net income attributable to ordinary shares by the weighted average number of ordinary shares outstanding during the year.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Diluted earnings per share is calculated by dividing net income attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the year. Diluted earnings per share is computed using the treasury stock method. During the years ended December 31, 2012, 2013 and 2014, the ordinary shares issuable upon the exercise of outstanding share options of <font>nil</font>, <font>nil</font> and <font>5,003,667</font>&#160;shares are included in the calculation of dilutive earnings per share.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(t) Foreign currency translation</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The reporting currency of the Company&#160;is the United States dollar (&#147;U.S. dollar&#148;). The functional currency of the Company is the U.S. dollar. Monetary assets and liabilities denominated in other currencies other than the U.S. dollar are translated into U.S. dollar at the rates of exchange in effect at the balance sheet dates. Transactions dominated in currencies other than the U.S. dollar during the year are converted into U.S. dollar at the applicable rates of exchange prevailing when the transactions occur. Transaction gains and losses are recorded in the statements of operations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The financial records of the Company's PRC subsidiaries and VIE are maintained in Chinese Renminbi (&#147;RMB&#148;), which is their functional currency. Assets and liabilities are translated at the exchange rates at the balance sheet date. Equity accounts are translated at historical exchange rates. Revenues, expenses, gains and losses are translated at average rate of exchange prevailing during the periods presented. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income in the statement of changes in equity and comprehensive income.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The RMB is not a freely convertible currency. The State Administration for Foreign Exchange of People's Republic of China, under the authority of the People's Bank of China, controls the conversion of RMB into foreign currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China foreign exchange trading system market. The Group's aggregate amount of cash and cash equivalents and restricted cash denominated in RMB amounted to $<font>11,436,370</font> and $<font>24,356,970</font>&#160;as of December 31, 2013 and 2014, respectively.</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(u) Comprehensive income</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Our financial statements include the Consolidated Statements of Comprehensive (Loss) Income as required by new accounting guidance, which we retrospectively adopted during 2012. As of December 31, 2013 and 2014, Accumulated Other Comprehensive Income was comprised entirely of foreign currency translation adjustments.</p>
</div>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(v) Fair value of financial instruments</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;estimates fair value of financial assets and liabilities as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as an exit price). The fair value measurement guidance establishes a hierarchy for inputs used in measuring fair value that gives the highest priority to observable inputs and the lowest priority to unobservable inputs. Valuation techniques used to measure fair value shall maximize the use of observable inputs.</p>
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<td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Level 1&#151;Valuation techniques in which all significant inputs are unadjusted quoted prices from active markets for assets or liabilities that are identical to the assets or liabilities being measured.</font></td>
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<td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Level 2&#151;Valuation techniques in which significant inputs include quoted prices from active markets for assets or liabilities that are similar to the assets or liabilities being measured and/or quoted prices for assets or liabilities that are identical or similar to the assets or liabilities being measured from markets that are not active. Also, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets are Level 2 valuation techniques.</font></td>
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<td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Level 3&#151;Valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are valuation technique inputs that reflect the Group's own assumptions about the assumptions that market participants would use to price an asset or liability.</font></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">When available, the Group measures the fair value of financial instruments based on quoted market prices in active markets, valuation techniques that use observable market-based inputs or unobservable inputs that are corroborated by market data. Pricing information the Group obtains from third parties is internally validated for reasonableness prior to use in the consolidated financial statements. When observable market prices are not readily available, the Group generally estimates fair value using valuation techniques that rely on alternate market data or inputs that are generally less readily observable from objective sources and are estimated based on pertinent information available at the time of the applicable reporting periods. In certain cases, fair values are not subject to precise quantification or verification and may fluctuate as economic and market factors vary and the Group's evaluation of those factors changes. Although the Group uses its best judgment in estimating the fair value of these financial instruments, there are inherent limitations in any estimation technique. In these cases, a minor change in an assumption could result in a significant change in its estimate of fair value, thereby increasing or decreasing the amounts of the Group's consolidated assets, liabilities, shareholders' equity and net income or loss.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group's financial instruments include cash and cash equivalents, restricted cash, accounts receivable, other current assets, amount due from related parties, accounts payable, other current liabilities, payables for purchase of property, plant and equipment, amounts due to related parties and short-term and current portion of long-term bank borrowings. The carrying amounts of these short-term financial instruments approximate their fair values due to the short-term maturity of these instruments.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The fair values of the Group's plant and equipment and long-term bank borrowings as of December 31, 2013 and 2014 are estimated by discounted cash flow technique using an interest rate corresponding to debt with similar maturities and risks on the measurement date.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(w) Variable Interest Entity</em></strong></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;uses a qualitative approach in assessing the consolidation requirement for variable interest entities. The approach focuses on identifying which enterprise has the power to direct the activities that most significantly impact the variable interest entity's economic performance and which enterprise has the obligation to absorb losses or the right to receive benefits from the variable interest entity. In the event that the Group&#160;is the primary beneficiary of a variable interest entity, the assets, liabilities, and results of operations of the variable interest entity will be included in the Group's Consolidated Financial Statements.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(x) Noncontrolling interest</em></strong></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The noncontrolling interest represents Daqo Group's equity interest in Daqo New Material. The Group classified the ownership interest in the consolidated entity held by a party other than the Group&#160;to noncontrolling interest in the consolidated financial statements. It also reported the consolidated net income at amounts that include the amounts attributable to both the parent and the noncontrolling interest on the face of the consolidated statements of operations and comprehensive income. On December 31, 2013, Daqo New Material was deconsolidated, therefore the noncontrolling interest was $<font>nil</font> as of December 31, 2013 and 2014.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(y) Treasury Stock</em></strong></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On July 9, 2012, the Company's Board of Directors authorized the Company to repurchase up to $<font>5</font> million in aggregate value of its outstanding ordinary shares through open market or other legally permissible means prior to December 31, 2012 in accordance with applicable securities laws.. During the year ended December 31, 2012, the Company repurchased <font>2,836,670</font> shares for a total purchase price of $<font>500,724</font>. The Company has legal title to the shares, and no other party has the voting rights associated with these shares.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(z) Recent accounting pronouncements</em></strong></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">On August 27, 2014, the FASB issued ASU 2014-15, which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements (or within one year after the date on which the financial statements are available to be issued, when applicable). Further, an entity must provide certain disclosures if there is &#147;substantial doubt about the entity's ability to continue as a going concern.&#148; The ASU is effective for annual periods ending after December 15, 2016, and interim periods thereafter. Early adoption is permitted. The Group&#160;is in the process of evaluating the impact on its consolidated financial statements upon adoption.</font></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">In May 2014, the FASB issued a new pronouncement which affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition&#151;Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g. assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles&#151;Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.</font></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:</font><br/><font style="font-size: 10pt;">Step 1: Identify the contract(s) with a customer.</font><br/><font style="font-size: 10pt;">Step 2: Identify the performance obligations in the contract.</font><br/><font style="font-size: 10pt;">Step 3: Determine the transaction price.</font><br/><font style="font-size: 10pt;">Step 4: Allocate the transaction price to the performance obligations in the contract.</font><br/><font style="font-size: 10pt;">Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.</font><br/><font style="font-size: 10pt;">For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. An entity should apply the amendments in this ASU using one of the following two methods:</font><br/> <br/><font style="font-size: 10pt;">1. Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:</font><br/><font style="font-size: 10pt;">For completed contracts, an entity need not restate contracts that begin and end within the same annual reporting period.</font><br/><font style="font-size: 10pt;">For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.</font><br/> <br/><font style="font-size: 10pt;">For all reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.</font><br/> <br/><font style="font-size: 10pt;">2. Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method it also should provide the additional disclosures in reporting periods that include the date of initial application of:</font><br/><font style="font-size: 10pt;">The amount by which each financial statement line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect before the change.</font><br/> <br/><font style="font-size: 10pt;">The Group&#160;is in the process of evaluating the impact on its consolidated financial statements upon adoption.</font></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E6MAC">
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          <div style="width: 200px;"><strong>ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) (USD $)<br></strong></div>
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          <div>Dec. 31, 2014</div>
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        <td class="nump"><a title="us-gaap_EmployeeRelatedLiabilitiesCurrent" onclick="toggleNextSibling(this);">$ 3,309,850</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EmployeeRelatedLiabilitiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_EmployeeRelatedLiabilitiesCurrent" onclick="toggleNextSibling(this);">$ 2,588,312</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EmployeeRelatedLiabilitiesCurrent</span><span></span></td>
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        <td class="nump"><a title="us-gaap_AccruedProfessionalFeesCurrent" onclick="toggleNextSibling(this);">576,786</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccruedProfessionalFeesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AccruedProfessionalFeesCurrent" onclick="toggleNextSibling(this);">624,825</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccruedProfessionalFeesCurrent</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent', window );">Other tax payable</a></td>
        <td class="nump"><a title="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" onclick="toggleNextSibling(this);">2,263,055</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" onclick="toggleNextSibling(this);">1,378,963</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent</span><span></span></td>
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        <td class="nump"><a title="us-gaap_InterestPayableCurrent" onclick="toggleNextSibling(this);">148,995</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestPayableCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_InterestPayableCurrent" onclick="toggleNextSibling(this);">305,087</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestPayableCurrent</span><span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_SubsidiesPayableCurrent', window );">Government subsidy</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="dq_SubsidiesPayableCurrent" onclick="toggleNextSibling(this);">908,496</a><span style="display:none;white-space:normal;text-align:left;">dq_SubsidiesPayableCurrent</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualAtCarryingValue', window );">Contingent liability (Note 17)</a></td>
        <td class="nump"><a title="us-gaap_LossContingencyAccrualAtCarryingValue" onclick="toggleNextSibling(this);">400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LossContingencyAccrualAtCarryingValue</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAccountsPayableAndAccruedLiabilities', window );">Others</a></td>
        <td class="nump"><a title="us-gaap_OtherAccountsPayableAndAccruedLiabilities" onclick="toggleNextSibling(this);">2,256,977</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherAccountsPayableAndAccruedLiabilities</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherAccountsPayableAndAccruedLiabilities" onclick="toggleNextSibling(this);">1,655,938</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherAccountsPayableAndAccruedLiabilities</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_AccruedExpensesAndOtherCurrentLiabilities', window );">Total</a></td>
        <td class="nump"><a title="dq_AccruedExpensesAndOtherCurrentLiabilities" onclick="toggleNextSibling(this);">$ 8,955,663</a><span style="display:none;white-space:normal;text-align:left;">dq_AccruedExpensesAndOtherCurrentLiabilities</span><span></span></td>
        <td class="nump"><a title="dq_AccruedExpensesAndOtherCurrentLiabilities" onclick="toggleNextSibling(this);">$ 7,461,621</a><span style="display:none;white-space:normal;text-align:left;">dq_AccruedExpensesAndOtherCurrentLiabilities</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_AccruedExpensesAndOtherCurrentLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accrued expenses and other current liabilities</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_AccruedExpensesAndOtherCurrentLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_SubsidiesPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Subsidies Payable Current</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_SubsidiesPayableCurrent</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
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                    <td>credit</td>
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                    <td>instant</td>
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              </div>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrentAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of obligations incurred and payable for real and property taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Current Liabilities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6935-107765<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.20)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 720<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6419918&amp;loc=d3e35281-107843<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedProfessionalFeesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Current Liabilities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6935-107765<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.20)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6911-107765<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccruedProfessionalFeesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeRelatedLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.20)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EmployeeRelatedLiabilitiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Current Liabilities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6935-107765<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.20)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e7018-107765<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InterestPayableCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyAccrualAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of loss contingency liability.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14326-108349<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LossContingencyAccrualAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAccountsPayableAndAccruedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of obligations, including trade payables, incurred through that date and due within one year (or in the operating cycle if longer) arising from transactions not otherwise specified in the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherAccountsPayableAndAccruedLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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<TYPE>EXCEL
<SEQUENCE>51
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          <div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS AND BALANCES (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2014</div>
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      </tr>
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<td style="padding-bottom: 1pt;">&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="6" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">December&#160;31,</td>
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<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1pt;">&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">2013</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">2014</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left;">Amount due from related party</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;">&#160;</td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;">&#160;</td>
<td style="text-align: left;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white;">
<td style="width: 654.671875px; text-align: left; text-indent: -10pt; padding-left: 10pt;">Zhenjiang Daqo</td>
<td style="width: 9px;">&#160;</td>
<td style="width: 9px; text-align: left;">$</td>
<td style="width: 69px; text-align: right;"><font>6,898,980</font></td>
<td style="width: 9px; text-align: left;">&#160;</td>
<td style="width: 8px;">&#160;</td>
<td style="width: 8px; text-align: left;">$</td>
<td style="width: 68px; text-align: right;"><font>4,551,846</font></td>
<td style="width: 8px; text-align: left;">&#160;</td>
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<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>6,465,561</font></td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>5,110,085</font></td>
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<td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">&#160;</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"><font>51,911</font></td>
<td style="text-align: left; padding-bottom: 1pt;">&#160;</td>
<td style="padding-bottom: 1pt;">&#160;</td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">&#160;</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"><font>325,037</font></td>
<td style="text-align: left; padding-bottom: 1pt;">&#160;</td>
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<td style="text-indent: -10pt; padding-left: 10pt;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;">&#160;</td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;">&#160;</td>
<td style="text-align: left;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white;">
<td style="text-indent: -10pt; padding-left: 10pt; padding-bottom: 2.5pt;">Total</td>
<td style="padding-bottom: 2.5pt;">&#160;</td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"><font>13,416,452</font></td>
<td style="text-align: left; padding-bottom: 2.5pt;">&#160;</td>
<td style="padding-bottom: 2.5pt;">&#160;</td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"><font>9,986,968</font></td>
<td style="text-align: left; padding-bottom: 2.5pt;">&#160;</td>
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<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="font-size: 10pt;">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></p>
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<td style="font-size: 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
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<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
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<tr style="vertical-align: bottom;">
<td style="background-color: #ffffff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
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<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="6" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2014</font></strong></font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<td style="width: 10%; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 60%; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Amount due to related party</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 15%; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 15%; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Solar</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">66,750,009</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">54,275,617</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Xinjiang Daqo investment</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">18,482,300</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">23,104,709</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo New Material</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font>449,988</font></font><br style="font-family: 'times new roman', times; font-size: 10pt;"/><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>4,950,746</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Chongqing Daqo Tailai</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font>-</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>1,755,326</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Nanjing Daqo&#160;Transformer</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">18,546</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,595,659</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Group</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">461,796</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,339,128</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Jiangsu Daqo</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>46,437</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>1,200,018</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Nanjing Daqo</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>1,651,810</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>-</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; border: none #000000; padding: 0px; width: 20px;"><font><font style="font-size: 13.3333330154419px;">Nanjing Daqo Electric</font></font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-size: 10pt;"><font>33,697</font></font><br/></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-size: 10pt;"><font>742,747</font></font><br/></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-size: 10pt; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Others*</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">643,207</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">734,201</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<tr style="vertical-align: bottom;">
<td><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: top; text-align: left;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-size: 10pt; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Total</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" valign="top" style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">88,537,790</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" valign="top" style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">89,698,151</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;<br/></font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">&#160;*</font></p>
<div>The remaining balance of amount due to related party of $<font>734,201</font>&#160;as of December 31, 2014 was comprised of Zhenjiang Moeller, Intelligent Apparatus, Intelligent Software, Daqo Investment, Daqo Sailfar and Zhenjiang Daqo in the amount of $<font>310,395</font>, $<font>302,807</font>, $<font>54,461</font>, $<font>5,360</font>, $<font>34</font>, and $<font>61,144</font>, respectively.</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock', window );">Schedule of Related Party Transactions</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
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<td style="font-family: 'times new roman', times; font-size: 10pt;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">(3)</font></font></td>
<td style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">The transactions with Daqo Group and its subsidiaries were as follows:</font></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;&#160;</font></p>
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<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
<td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Transaction</strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="10" align="left" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Year Ended December 31,</strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<td nowrap="nowrap" align="left" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Name of Related parties</strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
<td align="left" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Nature</strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2012</font></strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2013</font></strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2014</font></strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Group</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Fixed asset</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">7,849,533</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">486,948</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">813,105</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">10,821,462</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;">Repayment of interest free loans</td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">813,105</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">8,115,813</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font><font style="font-size: 10pt; font-family: 'times new roman', times;">Disposition of 100% equity interest of Nan Jing Daqo</font></font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">9,888,742</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Zhenjiang Daqo</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Sales</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">2,799,428</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">13,471,866</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">9,554,320</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Solar</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Sales</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">9,595,680</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Prepayment received</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">13,497,973</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">76,881,392</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">157,241,390</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">28,379,678</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">166,231,092</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Nanjing Daqo</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Sales</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">80,126</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">112</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>&#151;</font></font><br style="font-family: 'times new roman', times; font-size: 10pt;"/><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #cceeff;"><font>&#151;</font></font><br style="font-family: 'times new roman', times; font-size: 10pt;"/><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>973,898</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>&#151;</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; font-family: 'times new roman', times; font-size: 10pt; background-color: #fffff0;"><font>&#151;</font></font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>2,921,693</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Related party interest bearing loan</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,584,820</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Interest charged</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">40,611</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Xinjiang Daqo Investment</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Prepayment received</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">2,354,620</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">58,389,643</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">98,367,234</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">40,193,785</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">93,219,846</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo New Material</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>7,729,501</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #cceeff;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>4,600,117</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Rental expense</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>1,071,287</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Others subsidiaries under Daqo Group</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">636</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Fixed asset**</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">202,556</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">157,742</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">6,714,476</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Raw material</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">5,282</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Total</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Sales</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">2,799,427</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">13,471,866</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">19,150,112</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Disposition of <font><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></font>% equity interest in Nanjing Daqo</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">9,888,742</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Fixed asset</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">8,052,089</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">157,742</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">7,201,424</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Raw material</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">5,282</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Rental expense</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,071,287</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Interest expense</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">40,611</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Prepayment received*</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">15,852,593</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,584,820</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">136,084,140</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">275,134,122</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">69,386,568</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">275,088,560</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></p>
<div class="CursorPointer">
<table width="100%" cellpadding="0" border="0" cellspacing="0">

<tr>
<td style="width: 1%; vertical-align: top;"><font style="font-size: 10pt; font-family: 'times new roman', times;">*</font><br/></td>
<td style="width: 1%;"><br/></td>
<td style="width: 98%;">
<div>
<div style="font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">Prepayment has been considered a related party loan given there has been no deliveries since the prepayment was provided</font></div>
</div>
</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></p>
<div class="CursorPointer">
<table width="100%" cellpadding="0" border="0" cellspacing="0">

<tr>
<td style="width: 1%; vertical-align: top;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">**</font></td>
<td style="width: 1%;"><br/></td>
<td style="width: 98%;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"></font>
<div><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">The transactions of $6,714,476 in 2014 were comprised of the purchase of fixed assets from Nanjing&#160;</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Daqo</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> Electric, Nanjing&#160;</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Daqo</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> Transformer, Jiangsu </font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Daqo, Chongqing</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">&#160;</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Daqo</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> </font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Tailai and Intelligence Apparatus</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">&#160;in the amount of $<font>763,856</font>, $<font>1,913,941</font>, $<font>1,165,346</font>, $<font>2,724,790</font> and $<font>146,543</font>, respectively.</font></div>
<font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"></font></td>
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                <p>Tabular disclosure of short-term loan balances with related parties.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FINANCIAL STATEMENT SCHEDULE I</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>DAQO NEW ENERGY CORP.</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
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<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>ASSETS</strong></td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; width: 74%; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Cash and cash equivalents</td>
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<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Prepaid expenses and other current assets</td>
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<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>177,487</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>204,682</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Amount due from related party</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>5,110,085</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>5,110,085</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total current assets</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>10,474,618</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>9,807,917</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Investments in subsidiaries, net</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>127,203,565</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>197,571,399</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>TOTAL ASSETS</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>137,678,183</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>207,379,316</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 2pt; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="font-size: 2pt; text-align: left; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="font-size: 2pt; text-align: left; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="font-size: 2pt; text-align: left; padding: 0px 5px; vertical-align: top; white-space: nowrap; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>LIABILITIES AND SHAREHOLDERS' EQUITY</strong></td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">CURRENT LIABILITIES</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Accrued expenses and other current liabilities</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>351,622</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 12pt;">324,720</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160; &#160; &#160;Amount due to related party</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-top-style: none; border-right-style: none; border-left-style: none; border-top-color: #000000; border-right-color: #000000; border-left-color: #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font>&#151;</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; text-align: right; background-color: #cceeff; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-size: 12pt;"><font>286,526</font></font></td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; width: 20px;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"></td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; width: 20px;"></td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"></td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total current liabilities</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>351,622</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>611,246</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">EQUITY</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Ordinary shares ($<font>0.0001</font> per value <font>500,000,000</font> shares authorized as of December 31, 2013 and 2014; <font>175,714,103</font> and <font>240,714,103</font> shares issued as of December 31, 2013 and 2014, respectively and <font>173,427,853</font> and <font>223,577,853</font> shares outstanding as of December 31, 2013 and 2014, respectively)</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>17,343</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>22,358</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Additional paid in capital</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>146,676,163</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: left; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>203,125,494</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Retained accumulated losses</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(32,667,469</font></td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; text-align: left;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(16,018,293</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Accumulated other comprehensive income</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>23,699,196</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>20,037,183</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Treasury stock</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(398,672</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(398,672</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Total shareholders' equity</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>137,326,561</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>206,768,070</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>TOTAL LIABILITIES AND EQUITY</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>137,678,183</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>207,379,316</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FINANCIAL STATEMENT SCHEDULE I</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>DAQO NEW ENERGY CORP.</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FINANCIAL INFORMATION OF PARENT COMPANY</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013 AND 2014</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>(In U.S. dollars)</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">OPERATING EXPENSES</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; width: 61%; padding-top: 0px; padding-left: 20px;">General and administrative</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(3,528,728</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(2,979,454</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(2,738,085</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Research and development</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(175,242</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(76,646</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(12,310</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; vertical-align: top; text-align: left; padding-top: 0px; padding-left: 20px;">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Total operating expenses</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(3,703,970</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(3,056,100</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(2,750,395</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">LOSS FROM OPERATION</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(3,703,970</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(3,056,100</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(2,750,395</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Interest income</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,074</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,130</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>8,144</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">NET LOSS BEFORE SHARE OF RESULTS OF SUBSIDIARIES</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(3,700,896</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(3,052,970</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2,742,251</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">
<p style="font-family: 'times new roman'; margin-right: 0; margin-top: 0pt; margin-bottom: 0pt;">Equity in (losses) earnings of subsidiaries</p>
</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(108,228,045</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(67,890,514</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>19,391,427</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Net (loss) income attributable to Daqo New Energy Corporation ordinary shareholders</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(111,928,941</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(70,943,484</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>16,649,176</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Other comprehensive (loss) income:</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Foreign currency translation adjustments</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,206,182</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>4,148,190</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(3,662,013</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total other comprehensive income</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>2,206,182</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>4,148,190</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(3,662,013</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Comprehensive (loss) income</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(109,722,759</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(66,795,294</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>12,987,163</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">&#160;</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FINANCIAL STATEMENT SCHEDULE I</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>DAQO NEW ENERGY CORP.</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FINANCIAL INFORMATION OF PARENT COMPANY</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>STATEMENT OF CHANGES IN EQUITY</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FOR YEARS ENDED DECEMBER 31, 2012, 2013 AND 2014</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>(In U.S. dollars, except share data)</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="font-size: 8pt; font-family: 'Times New Roman';">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong><font style="font-size: 8pt;">Ordinary shares</font></strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong><font style="font-size: 8pt;">Treasury Stock</font></strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong><font style="font-size: 8pt;">Additional<br/> paid in capital</font></strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong><font style="font-size: 8pt;">Retained<br/> earning&#160;(accumulated<br/> losses)</font></strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong><font style="font-size: 8pt;">Accumulated<br/> other<br/> comprehensive<br/> income</font></strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong><font style="font-size: 8pt;">Total</font></strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;"><strong>Number</strong></font></td>
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<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt;"><strong>$</strong></font></td>
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<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: center; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="font-family: 'Times New Roman'; width: 23%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Balance at January&#160;1, 2012</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">175,714,103</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">17,571</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">142,511,581</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">150,204,956</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">18,444,123</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; width: 8%; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">311,178,231</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Net loss</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">(111,928,941</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">)</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">(111,928,941</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">)</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">Other comprehensive income</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">2,206,182</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">2,206,182</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Share-based compensation</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">2,249,834</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">2,249,834</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"><font style="font-size: 10pt;">Repurchase</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">(2,836,670</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt;">)</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">(283</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt;">)</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">(494,928</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt;">)</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">(5,513</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt;">)</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">(500,724</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt;">)</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Deconsolidation of Nanjing Daqo New Energy Co.,Ltd</font></td>
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<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Balance at December&#160;31, 2012</font></td>
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<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; vertical-align: top; white-space: nowrap; width: 20px;"></td>
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</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Net loss</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">(70,943,484</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">)</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">(70,943,484</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">)</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"><font style="font-size: 10pt;">Other comprehensive income</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">4,148,190</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">4,148,190</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Share-based compensation</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">1,881,401</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">1,881,401</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"><font style="font-size: 10pt;">Option Exercised</font></td>
<td style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">550,420</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">55</font></font></td>
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<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">96,256</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
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<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">38,860</font></font></td>
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<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">135,171</font></font></td>
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<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Deconsolidation of VIE</font></td>
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<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
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<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
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<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; font-size: 8pt; border-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"><font style="font-size: 10pt;">Balance at December&#160;31, 2013</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">173,427,853</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">17,343</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">(398,672</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">)</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">146,676,163</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">(32,667,469</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">)</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">23,699,196</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">137,326,561</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="background-color: rgb(204, 238, 255);">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
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<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
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<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
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<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; width: 20px; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;"></font></td>
</tr>
<tr>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">Net income</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font><font style="font-size: 10pt;">16,649,176</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font><font style="font-size: 10pt;">16,649,176</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="background-color: rgb(204, 238, 255);">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Other comprehensive income</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">(3,662,013</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">)&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">(3,662,013</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">)&#160;</font></td>
</tr>
<tr>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">Share-based compensation</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font><font style="font-size: 10pt;">1,792,819</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font><font style="font-size: 10pt;">1,792,819</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="background-color: rgb(204, 238, 255);">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">Option Exercised</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">150,000</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">15</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">&#160;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">37,065</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font><font style="font-size: 10pt;">37,080</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">Follow-on equity offering</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;"><font>50,000,000</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;"><font>5,000</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;"><font>54,619,447</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-size: 10pt;"><font>54,624,447</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="background-color: rgb(204, 238, 255);">
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<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-top-color: rgb(0, 0, 0); border-top-width: 1pt; border-top-style: solid; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal; background-color: rgb(204, 238, 255);"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">Balance at December&#160;31, 2014</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font><font style="font-size: 10pt;">223,577,853</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font><font style="font-size: 10pt;">22,358</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font><font style="font-size: 10pt;">(398,672</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 13.3333330154419px;">)</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font><font style="font-size: 10pt;">203,125,494</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font><font style="font-size: 10pt;">(16,018,293</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal;">)</td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font><font style="font-size: 10pt;">20,037,183</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font style="font-size: 10pt;">$</font></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; font-size: 8pt; vertical-align: bottom; white-space: nowrap; font-weight: normal; font-style: normal; border-bottom-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double;"><font><font style="font-size: 10pt;">206,768,070</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; font-size: 8pt; padding: 0px 5px; white-space: nowrap; font-weight: normal; font-style: normal;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FINANCIAL STATEMENT SCHEDULE I</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>DAQO NEW ENERGY CORP.</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FINANCIAL INFORMATION OF PARENT COMPANY</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>STATEMENT OF CASH FLOWS</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FOR THE YEARS ENDED DECEMBER 31, 2012, 2013 AND 2014</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>(In U.S. dollars)</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
</tr>
<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">OPERATING ACTIVITIES</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; width: 61%; padding-top: 0px; padding-left: 20px;">Net (loss) income</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(111,928,941</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; width: 1%;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(70,943,484</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>16,649,176</font></td>
<td style="font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Share of results of subsidiaries</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>108,228,045</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>67,890,514</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(19,391,427</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">)</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Share-based compensation</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,249,834</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,881,401</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,792,819</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Adjustments to reconcile net income to net cash used in operating activities:</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 40px;">Prepaid expenses and other current assets</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(31,207</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>344,717</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(27,195</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 40px; background-color: #cceeff;">Changes in other current liabilities</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>214,231</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>137,390</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(26,901</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">)</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 40px;">Amount due from related party</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(210,523</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>286,526</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Net cash used in operating activities</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(1,478,561</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(689,462</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(717,002</font></td>
<td style="font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">INVESTING ACTIVITIES</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Capital contributed to subsidiaries</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(4,811,175</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(54,638,421</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Cash collected from subsidiaries when liquidation</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>4,390,250</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>71,503</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Disposition of Nanjing Daqo</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>4,778,657</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Cash used in investing activities</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>4,357,732</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>71,503</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(54,638,421</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">FINANCING ACTIVITIES</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Repurchase of ordinary shares</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(500,724</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; width: 20px; background-color: #cceeff;">Proceeds from follow-on equity offering</td>
<td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>58,000,000</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px;">Issuance cost of ordinary shares</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(3,375,553</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; width: 20px; background-color: #cceeff;">Proceeds from options exercised</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"></td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>135,171</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>37,080</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Cash provided by financing activities</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(500,724</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>135,171</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>54,661,527</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">NET INCREASE IN CASH AND CASH EQUIVALENTS</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>2,378,447</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(482,788</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(693,896</font></td>
<td style="font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;)</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,291,387</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,669,834</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,187,046</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">CASH AND CASH EQUIVALENTS AT END OF PERIOD</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>5,669,834</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>5,187,046</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>4,493,150</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Supplemental disclosure of cash flow information:</strong></td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Disposition of Nanjing Daqo:</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding-top: 0px; padding-left: 20px; background-color: #cceeff;">Total consideration</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>9,888,742</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
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<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-top: 0px; padding-left: 20px;">Less: amount due from Daqo Group</td>
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<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>FINANCIAL STATEMENT SCHEDULE I</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>DAQO NEW ENERGY CORP.</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><strong>Notes to Schedule I</strong></p>
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<td style="text-align: justify; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">Schedule I has been provided pursuant to the requirements of Rule 12-04(a) and 5-04(c) of Regulation S-X, which require condensed financial information as to the financial position, changes in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated subsidiaries exceed <font>25</font> percent of consolidated net assets as of the end of the most recently completed fiscal year.</td>
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<td style="text-align: justify; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">The condensed financial information of Daqo New Energy Corp has been prepared using the same accounting policies as set out in the accompanying consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries.</td>
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<td style="text-align: justify; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the Consolidated Financial Statements of the Company.</td>
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<td width="38px" style="border: none; font-family: 'Times New Roman';">4.</td>
<td style="text-align: justify; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">As of December&#160;31, 2014, there were no material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of redeemable stocks or guarantees of the Company, except for those which have been separately disclosed in the Consolidated Financial Statement, if any.</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong><font>20</font>. SUBSEQUENT EVENTS</strong></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">1) On January 12, 2015, the Company granted options to acquire <font>600,000</font> ordinary shares to independent directors pursuant to the 2014 Option Plan.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">2) On January 12, 2015, the Company granted options to acquire <font>6,534,375</font> ordinary shares to directors, executive officers and employees pursuant to the 2014 Option Plan.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">3) On January 12, 2015, the Company modified the exercise price for a total number of <font>6,274,166</font> options granted on January 28, 2014 from $<font>1.49</font> per share to $<font>0.87</font> per share.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">4) In February 2015, the Company issued and sold <font>1,540,000</font> America depositary shares ("ADSs"), representing <font>38,500,000</font> ordinary shares, through a follow-on public offering. The proceeds, net of issuance cost of $<font>2.1</font> million, were $<font>28.0</font> million. The Company will use the net proceeds from this offering for general corporate purposes, including studying the feasibility of further expansion of its business, and working capital.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">5) In January 2015, Chongqing Daqo Tailai, a related party, entered into an one-year credit facility agreement with Pingan Bank in the amount of $<font>32.2</font> million (RMB<font>200</font> million), of which $<font>6.5</font> million (RMB<font>40</font> million) is guaranteed by the Company.</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2LAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>INVENTORIES (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureAbstract', window );"><strong>INVENTORIES [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryRawMaterials', window );">Raw materials</a></td>
        <td class="nump"><a title="us-gaap_InventoryRawMaterials" onclick="toggleNextSibling(this);">$ 1,362,944</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryRawMaterials</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryRawMaterials" onclick="toggleNextSibling(this);">$ 2,084,050</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryRawMaterials</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryWorkInProcess', window );">Work-in-process</a></td>
        <td class="nump"><a title="us-gaap_InventoryWorkInProcess" onclick="toggleNextSibling(this);">5,411,360</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWorkInProcess</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryWorkInProcess" onclick="toggleNextSibling(this);">4,666,821</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWorkInProcess</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryFinishedGoods', window );">Finished goods</a></td>
        <td class="nump"><a title="us-gaap_InventoryFinishedGoods" onclick="toggleNextSibling(this);">2,807,480</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryFinishedGoods</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryFinishedGoods" onclick="toggleNextSibling(this);">3,749,385</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryFinishedGoods</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_InventoryNet" onclick="toggleNextSibling(this);">9,581,784</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryNet" onclick="toggleNextSibling(this);">10,500,256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryNet</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryWriteDown', window );">Inventory write-down</a></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">$ 175,568</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">$ 29,905,734</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">$ 14,821,620</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryDisclosureAbstract</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryFinishedGoods">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before valuation and LIFO reserves of completed merchandise or goods expected to be sold within one year or operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 6<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6(a)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryFinishedGoods</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 35<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386567&amp;loc=d3e3927-108312<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td>instant</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before valuation and LIFO reserves of raw materials expected to be sold, or consumed within one year or operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 6<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6(a)(4))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryRawMaterials</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryWorkInProcess">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before valuation and LIFO reserves of merchandise or goods in the production process expected to be completed within one year or operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 6<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6(a)(3))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryWorkInProcess</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360613&amp;loc=d3e4542-108314<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryWriteDown</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>EARNINGS PER SHARE (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>EARNINGS PER SHARE [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The calculation of earnings per share is as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Numerator used in basic and diluted earnings per share:</strong></td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 61%;">Net (loss) income attributable to Daqo New Energy Corp. ordinary shareholders&#151;basic and diluted</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(111,928,891</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">)&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(70,943,484</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">)&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>16,649,176</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Denominator used in basic and diluted earnings per share:</strong></td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;">Weighted average number of ordinary shares outstanding used in computing earnings per share&#151;basic</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>175,067,343</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>173,068,420</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>206,349,976</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Plus: share options</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>5,003,667</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Weighted average number of ordinary shares outstanding used in computing earnings per share&#151;diluted</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>175,067,343</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>173,068,420</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>211,353,643</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&#151;Basic</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(0.64</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">)&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(0.41</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>0.08</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;">NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&#151;Diluted</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;">$</td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>(0.64</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;">$</td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>(0.41</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;">$</td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>0.08</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"></td>
</tr>

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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EFRAE">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Policies)<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2014</div>
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      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>SUMMARY OF PRINCIPAL ACCOUNTING POLICIES [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock', window );">Basis of presentation</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(a) Basis of presentation</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The consolidated financial statements of the Group have been prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP").</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">The accompanying consolidated financial statements have been prepared assuming that the Group will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The realization of assets and the satisfaction of liabilities in the normal course of business are dependent on, among other things, the Group's ability to generate cash flows from operations, and the Group's ability to arrange adequate financing arrangements, including the renewal or rollover of its bank borrowings, to support its working capital requirements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">As of December 31, 2014, the Group's current liabilities exceed its current assets by $<font>274,118,480</font>. While the Group&#160;had cash and cash equivalents of $ <font>7,068,483</font>, and short-term bank borrowings of $ <font>90,443,007</font> will be due within one year. The current portion of long-term bank borrowings amounting to $ <font>69,360,869</font> is restricted to purchase fixed assets and required to be paid off upon due dates. Additionally, the Group&#160;has capital commitment of $<font>20.4</font>&#160;million to be fulfilled in the next twelve months.&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">However, the Group&#160;regards the going concern assumption as appropriate considering the following plans and actions:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<ol>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">March 6, 2015, the Group obtained a letter of financial support from Daqo Group which has committed to provide sufficient financial support to the Group to ensure the Group has the funds required to satisfy its obligations as they come due in the normal course during the twelve months ending December 31, 2015. Further, the support letter provides that Daqo Group will not require the Group to pay the amount owed to the Daqo Group and subsidiaries of Daqo Group, Daqo Solar, Daqo New Material and Xinjiang Daqo Investment</font>.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In February 2015, the Group&#160;has obtained approximately $<font>28.0</font> million through follow-on equity offering.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">For the first time since 2012, the Group&#160;generated net income and positive cash flow from operations in 2014 amounting to&#160;$<font>16.7</font> million and $<font>45.6</font>&#160;million, respectively.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;has or is in the process of taking a number of cost reduction initiatives, including the new hydrochlorination system, technology improvement and polysilicon capacity expansion in Xinjiang.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;has performed a review of its cash flow forecasts for the twelve month period ending December 31, 2015, and believes that its operating cash flow will be positive during the twelve month period ending December 31, 2015.<br/><br/></li>
<li style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">As of March 31, 2015, the Company successfully rolled over, renewed or replaced with new loans by existing creditors totaling $<font>30.6</font> million. While there can be no assurance, management believes they will be able to roll over or renew substantially all of the $<font>90.4</font> million of short term loans outstanding as of December 31, 2014</font>.<br/><br/>Based on the above factors, management believes that adequate sources of liquidity will exist to fund the Group's working capital and capital expenditures requirements, and to meet its short term debt obligations, other liabilities and commitments as they become due.</li>
</ol>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationPolicyTextBlock', window );">Basis of consolidations</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(b) Basis of consolidations</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The consolidated financial statements include the financial statements of the Group. All intercompany transactions and balances have been eliminated on consolidation.</p>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Use of estimates</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(c) Use of estimates</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;">The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Management has made significant estimates in a variety of areas, including but not limited to allowance for doubtful accounts, inventories valuation, useful lives and residual values of long-lived assets, impairment for long lived assets, consolidation of Daqo New Material, valuation allowances for deferred tax assets, interest capitalization, warranty accrual and certain assumptions used in the computation of share-based compensation and related forfeiture rates.</font> <font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;">The Group revised the estimates of expected useful lives of property, plant and equipment on January 1, 2014, and please refers to Note 2 (i) for details.</font></p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConcentrationRiskCreditRisk', window );">Concentration of credit risk</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(d) Concentration of credit risk</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable and notes receivable.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group places its cash and cash equivalents in various financial institutions in the PRC. The Group believes that no significant credit risk exists as these banks are principally government-owned financial institutions with high credit ratings.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Accounts receivable represent those receivables derived in the ordinary course of business. The Group conducts credit evaluations of customers to whom credit terms are extended. The Group establishes an allowance for doubtful accounts mainly based on aging of the receivables and other factors surrounding the credit risk of specific customers. The allowance for doubtful accounts is $<font>7,160,782</font> and $<font>3,189,110</font> as of December 31, 2013 and 2014, respectively, based on the aging of the receivables and the Group's assessment of the customers' credit risk.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following customers accounted for 10% or more of accounts receivable:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td colspan="6" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font: 10pt Times New Roman, Times, Serif;"><strong>December 31,</strong></font></td>
<td style="font-family: 'Times New Roman';">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"><strong>Accounts<br/> receivable</strong></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"><br/> <strong>2013</strong></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"><br/> <strong>2014</strong></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="background-color: #cceeff;">
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer A</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; background-color: #cceeff;"><font>3,673,455</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>*</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr>
<td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer B</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>1,225,831</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; white-space: nowrap;"><font>*</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="background-color: #cceeff;">
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer C</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>1,507,576</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>2,213,393</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer D</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font>1,578,947</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="background-color: #cceeff;">
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer E</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>1,330,145</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font><font style="font-size: 13.3333330154419px;">Customer F</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font>1,071,415</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div style="margin-top: 3pt; margin-bottom: 1pt;" align="left">
<div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;">&#160;</div>
</div>
<div class="CursorPointer">
<table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;">

<tr style="vertical-align: top;">
<td style="width: 2%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">*</font></td>
<td style="width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">&#160;</td>
<td style="width: 97%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">
<div>Represents less than 10%</div>
</td>
</tr>

</table>
</div>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;">From time to time, certain accounts receivable balances are settled in the form of notes receivable. As of December 31, 2013 and 2014, notes receivable represents bank acceptance drafts that are non-interest bearing and due within 6 months.</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;">&#160;&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Total sales of polysilicon to the Group's largest customers whose sales constitute over 10% of revenue accounted for approximately <font>25</font>%, <font>30</font>% and <font>23</font>% of revenues for the years ended December 31, 2012, 2013 and 2014, respectively. The Group is substantially dependent upon the continued participation of these customers in order to maintain its total revenues. Significantly reducing the Group's dependence on these customers is likely to take time and there can be no guarantee that the Group will succeed in reducing that dependence.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Furthermore, <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">all of the Group's long-term bank borrowings are guaranteed by Daqo Group, our related party, who has also committed to provide financial support to meet the Group's short term bank borrowings obligations, other liabilities and commitments as they become due (see Note 2(a)). The Group's access to credit is significantly reliant on Daqo Group's ability and willingness to continue to provide sufficient financial support</font>.</p>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock', window );">Cash and cash equivalents</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(e) Cash and cash equivalents</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Cash and cash equivalents consist of cash on hand and demand deposits, which are unrestricted as to withdrawal and use, and which have maturities of three months or less when purchased.</p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy', window );">Restricted cash</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(f) Restricted cash</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Restricted cash amounted to $<font>8,826,110</font> and $<font>22,169,236</font> as of December 31, 2013 and 2014, respectively, and are deposited in bank accounts as deposits for short-term letters of credit and notes issued by several banks for purchases of raw materials, plant and equipment. These deposits carry fixed interest rates and will be released when the related letters of credit or notes are settled by the Group. The Group considers the restricted cash balances as equivalent to an investment whose return of principal requires the satisfaction of conditions (i.e., settlement of letters of credit or notes) rather than a withdrawal demand. Therefore, deposits and withdrawals of principal balances in restricted cash accounts represent the creation or return of investment and, accordingly, the Group has presented such deposits and withdrawals as investing activities in the consolidated statements of cash flows.</p>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy', window );">Allowance for Doubtful Accounts</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(g) Allowance for Doubtful Accounts</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group determines its allowance for doubtful accounts by actively monitoring the financial condition of its customers to determine the potential for any nonpayment of trade receivables. In determining its allowance for doubtful accounts, the Group also considers other economic factors, such as aging trends. The Group believes that its process of specific review of customers combined with overall analytical review provides an effective evaluation of ultimate collectability of trade receivables.</p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryPolicyTextBlock', window );">Inventories</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(h) Inventories</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Inventories are stated at lower of cost or market. Costs are determined using weighted average costs. Costs comprise direct materials, direct labor and overhead costs incurred in bringing the inventories to their present location and condition. The Group writes down the cost of excess inventories to the estimated market value based on historical and forecasted demand. Estimated market value is measured as the estimated selling price of each class of inventory in the ordinary course of business less estimated costs of completion and disposal. The charges to inventory for the years ended December 31, 2012, 2013 and 2014 were $<font>14,821,620</font>, $ <font>29,905,734</font> and $<font>175,568</font>, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group has outsourced portions of its manufacturing process, including cutting ingots into wafers, and converting wafers into solar cells, to various third-party manufacturers. These outsourcing arrangements may or may not include transfer of title of the raw material inventory (ingots, wafers or cells) to the third-party manufacturers.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">For those outsourcing arrangements in which title does not transfer, the Group maintains the inventory in the balance sheet as raw materials inventory while it is in physical possession of the third-party manufacturers. Upon receipt of the processed inventory from the third-party manufacturers, it is reclassified to work-in-progress inventory with the processing fee capitalized as cost of inventory.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">For those outsourcing arrangements in which title (including risk of loss) does transfer to the third-party manufacturer, the Group is contractually obligated to repurchase the processed inventory. To accomplish this, it enters into raw material sales agreements and processed inventory purchase agreements simultaneously with the third-party manufacturer. In such instances, where they are, in substance tolling arrangements, the Group retains the inventory in the consolidated balance sheets while it is in the physical possession of the third-party manufacturer. The cash received from the third-party manufacturer is recorded as a current liability on the balance sheet rather than revenue or deferred revenue. Upon receipt of the processed inventory, it is reclassified from raw materials to work-in-progress inventory and the processing fee paid to the third-party manufacturer is added to inventory cost. Cash payments for outsourcing arrangements which require prepayment for repurchase of the processed inventory are classified as current assets on the balance sheet. If there is <font>no</font> legal right of offset established by these arrangements, the associated assets and liabilities are presented separately on the balance sheet until the processed inventory is returned to the Group.</p>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock', window );">Property, plant and equipment</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(i) Property, plant and equipment</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Property, plant and equipment are recorded at cost less accumulated depreciation. Depreciation is recognized on a straight-line basis over the following estimated useful lives:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellspacing="0" cellpadding="0" style="font: 10pt times new roman, times, serif; width: 85%; border-collapse: collapse; margin-left: 58px;" width="100%">

<tr>
<td style="vertical-align: top; width: 82%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Buildings and plant</font></td>
<td style="vertical-align: bottom; width: 18%; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>30</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Machinery and equipment</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>15</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Furniture, fixtures and equipment</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>3</font>-<font>5</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Motor vehicles</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>6</font> years</font></td>
</tr>

</table>
</div>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;reassesses the reasonableness of the estimates of useful lives and residual values of long-lived assets when events or changes in circumstances indicate that the useful lives and residual values of a major asset or a major category of assets may not be reasonable. Factors that the Group&#160;considers in deciding when to perform an analysis of useful lives and residual values of long-lived assets include, but are not limited to, significant variance of a business or product line in relation to expectations, significant deviation from industry or economic trends, and significant changes or planned changes in the use of the assets. The analysis will be performed at the asset or asset category with the reference to the assets' conditions, current technologies, market, and future plan of usage and the useful lives of major competitors.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 33.7333335876465px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">2013, the Group decided to relocate a majority of Chongqing's polysilicon assets to Xinjiang. As part of the decision to make significant investment to relocate the assets, the Group revisited the expectation as to the useful lives of these assets. Based on this review, the Group determined that the condition of its major assets, having now been in operations for a meaningful percentage of the original estimated lives, were in better condition, than the original useful life expectation had predicted, accordingly, the Group engaged an independent valuation firm to assist in reassessing the remaining economic useful life of the polysilicon assets in both Chongqing and Xinjiang. The analysis was completed in the first quarter of 2014</font>.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Therefore, the Group&#160;revised the estimates of expected useful lives of long-lived assets from January 1, 2014. The useful lives of machinery and equipment were expended from <font>10</font> years to <font>15</font> years, while buildings and structures were expended from <font>20</font> years to <font>30</font> years. No changes were made to furniture, fixtures and equipment, or motor vehicles. During the year ended December 31, 2014, the change in useful lives reduced depreciation expense of approximately $<font>18.7</font> million, a majority of which was recorded in "Total cost of revenues", accordingly the impact on net income and basic net income per share is $<font>18.7</font> million and $<font>0.09</font> per ordinary share respectively.<br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Costs incurred on construction are capitalized and transferred to property, plant and equipment upon completion, at which time depreciation commences.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Interest expense incurred for construction of property, plant, and equipment is capitalized as part of the cost of such assets. The Group&#160;capitalizes interest to the extent that expenditures to construct an asset have occurred and interest costs have been incurred. Interest expense capitalized for the years ended December 31, 2012, 2013 and 2014 was $<font>7,245,747</font>, $<font>nil</font> and $<font>1,960,259</font>&#160;respectively.</p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_PrepaidLandUseRightsPolicyTextBlock', window );">Prepaid land use rights</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(j) Prepaid land use rights</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">All land in the PRC is owned by the PRC government. The PRC government, according to PRC law, may sell the land use rights for a specified period of time. The Group's land use rights in the PRC are stated at cost less recognized lease expenses. Lease expense is recognized over the term of the agreement on a straight-line basis. The Group recorded lease expenses of $<font>958,558</font>, $<font>781,706</font> and $<font>628,052</font>, for the years ended December 31, 2012, 2013 and 2014, respectively.</p>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock', window );">Impairment of long-lived assets</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(k) Impairment of long-lived assets</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Factors that the Group considers in deciding when to perform an impairment review include, but are not limited to significant under-performance of a business or product line in relation to expectations, significant negative industry or economic trends, and significant changes or planed changes in the use of the assets. An impairment analysis is performed at the lowest level of identifiable independent cash flows for an asset or asset group. The Group makes subjective judgments in determining the independent cash flows that can be related to a specific asset group based on the asset usage model and manufacturing capabilities. The Group measures the recoverability of assets that will continue to be used in the operations by comparing the carrying value of the asset group to the estimate of the related total future undiscounted cash flows. If an asset group's carrying value is not recoverable through the related undiscounted cash flows, the impairment loss is measured by comparing the difference between the asset group's carrying value and its fair value. The Group determines the fair value of an asset or asset group utilizing estimated future discounted cash flows and incorporates assumptions that it believes marketplace participants would utilize.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">During each of the <font>three</font> year ended December 31, 2012, 2013 and 2014, the impairment changes were $<font>42,754,481</font>, $<font>158,424,827</font> and $<font>nil</font>, respectively.&#160;The impairment loss incurred during the year ended December 31, 2012 was related to the impairment of long-lived assets of the wafer business, and was triggered primarily by the significant decrease in average selling prices for wafers that was experienced in 2012. The impairment loss incurred during the year ended December 31, 2013 was related to the buildings and plant of polysilicon asset group in Chongqing Daqo and Daqo New Material, and was triggered primarily by the significant decrease in average selling prices for polysilicon and the Group's decision of relocating significant machinery and equipment located at Chongqing Daqo to Xinjiang Daqo as a part of its expansion plan.</p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueRecognitionPolicyTextBlock', window );">Revenue recognition</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(l) Revenue recognition</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="text-decoration: underline;">Product sales</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group recognizes revenue when persuasive evidence of an arrangement exists, the sales price is fixed or determinable, delivery of the product has occurred, title and risk of loss have transferred to the customers and collectability of the receivable is reasonably assured. The majority of the sales contracts transfer title and risk of loss to customers upon receipt. Sales agreements for polysilicon and wafers typically do not contain product warranties except for return and replacement of defective products within a period generally ranging from <font>3</font> to <font>30</font> days from delivery. Sales agreements typically do not contain post-shipment obligations or other return or credit provisions. The Group may extend credit terms after assessing a number of factors to determine the customers' credit worthiness.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Customers frequently pay for products prior to the delivery of the products. Advance payments are recorded as advances from customers.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="text-decoration: underline;">Service revenue</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">Group also provides OEM services to customers, such as the provision of service to process polysilicon into ingots and wafers. The Group recognizes revenue when there is persuasive evidence of an arrangement, the service has been rendered, the sales price is fixed or determinable and collectability is reasonably assured</font>.</p>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfSalesPolicyTextBlock', window );">Cost of revenues</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(m) Cost of revenues</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Cost of revenues consists of production related costs including costs of silicon raw materials, electricity and other utilities, consumables, direct labor, overhead costs, depreciation of property, plant and equipment, and manufacturing waste treatment processing fees.</p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShippingAndHandlingCostPolicyTextBlock', window );">Shipping and handling</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(n) Shipping and handling</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Costs to ship products to customers are recorded as selling expenses in the consolidated statements of operations. Costs to ship products to customers were $<font>1,033,808</font>, $<font>1,901,384</font> and $<font>2,054,786</font>, respectively for the years ended December 31, 2012, 2013 and 2014.</p>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpensePolicy', window );">Research and development expenses</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(o) Research and development expenses</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Research and development expenses include materials and utilities consumed in research and development activities, payroll and related costs and depreciation of property and equipment associated with the research and development activities, which are expensed when incurred. In the years ended December 31, 2013 and 2014, the Group&#160;incurred additional research and development expenses for its Xinjiang Phase II polysilicon facilities to achieve the targets for quality, capacity and cost during the pilot production period.</p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GovernmentContractorsRevenueRecognitionPolicyPolicyTextBlock', window );">Government subsidies</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(p) Government subsidies</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group receives unrestricted cash subsidies from local government agencies. The government agencies use their discretion to determine the amount of the subsidies with reference to land use right fees, value-added tax and income taxes paid, bank loan interest expenses paid or electricity consumed by the Group, however, these subsidies do not represent tax refunds or reimbursements of expenditures. The subsidies are unrestricted as to use and can be utilized by the Group in any manner it deems appropriate. The Group has utilized, and expects to continue to utilize, these subsidies to fund general operating expenses. The Group records unrestricted cash government subsidies as other operating income in the consolidated statements of operations. Unrestricted cash government subsidies received for the years ended December 31, 2012, 2013 and 2014 were $<font>9,250,296</font>, $<font>5,249,788</font> and $<font>926,173</font>, respectively.&#160;Government grants related to assets are recorded as long term liabilities and are recognized as an offset to depreciation expense on a straight-line basis over the useful life of the associated asset. The Group&#160;received government grants related to assets of $<font>1,383,487</font>, $<font>1,172,160</font> and $<font>113,735</font>&#160;during the years ended December 31, 2012, 2013 and 2014, respectively.</p>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxPolicyTextBlock', window );">Income taxes</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(q) Income taxes</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amount in the consolidated financial statements, net operating loss carry-forwards and credits by applying enacted tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the statement of operations in the period of the enactment of the change. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on the characteristics of the underlying assets and liabilities, or the expected timing of their use when they do not relate to a specific asset or liability.</p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy', window );">Share-based compensation</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(r) Share-based compensation</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group recognizes share-based compensation in the statement of operations based on the fair value of equity awards on the date of the grant, with compensation expense recognized over the period in which the grantee is required to provide service to the Group in exchange for the equity award. The Group has made an estimate of expected forfeiture and is recognizing compensation costs only for those equity awards expected to vest. The share-based compensation expenses have been categorized as either selling, general and administrative expenses, research and development expenses and cost of sales, depending on the job functions of the grantees. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For the years ended December 31, 2012, 2013 and 2014, the Group recognized share-based compensation expense of $2,249,834, $1,881,401 and $1,792,819, respectively, which was classified as follows:</font></p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 61%; background-color: #cceeff;">Selling, general and administrative expenses</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>2,018,817</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>1,743,768</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>1,544,078</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Research and development expenses</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>175,242</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>60,987</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>12,310</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Cost of sales</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>55,775</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>76,646</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>236,431</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>2,249,834</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>1,881,401</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>1,792,819</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
</div>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerSharePolicyTextBlock', window );">Earnings (loss) per share</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(s) (Loss) earnings per share</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Basic (loss) earnings per ordinary share are computed by dividing the net (loss) net income attributable to ordinary shares by the weighted average number of ordinary shares outstanding during the year.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Diluted earnings per share is calculated by dividing net income attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the year. Diluted earnings per share is computed using the treasury stock method. During the years ended December 31, 2012, 2013 and 2014, the ordinary shares issuable upon the exercise of outstanding share options of <font>nil</font>, <font>nil</font> and <font>5,003,667</font>&#160;shares are included in the calculation of dilutive earnings per share.</p>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock', window );">Foreign currency translation</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(t) Foreign currency translation</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The reporting currency of the Company&#160;is the United States dollar (&#147;U.S. dollar&#148;). The functional currency of the Company is the U.S. dollar. Monetary assets and liabilities denominated in other currencies other than the U.S. dollar are translated into U.S. dollar at the rates of exchange in effect at the balance sheet dates. Transactions dominated in currencies other than the U.S. dollar during the year are converted into U.S. dollar at the applicable rates of exchange prevailing when the transactions occur. Transaction gains and losses are recorded in the statements of operations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The financial records of the Company's PRC subsidiaries and VIE are maintained in Chinese Renminbi (&#147;RMB&#148;), which is their functional currency. Assets and liabilities are translated at the exchange rates at the balance sheet date. Equity accounts are translated at historical exchange rates. Revenues, expenses, gains and losses are translated at average rate of exchange prevailing during the periods presented. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income in the statement of changes in equity and comprehensive income.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The RMB is not a freely convertible currency. The State Administration for Foreign Exchange of People's Republic of China, under the authority of the People's Bank of China, controls the conversion of RMB into foreign currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China foreign exchange trading system market. The Group's aggregate amount of cash and cash equivalents and restricted cash denominated in RMB amounted to $<font>11,436,370</font> and $<font>24,356,970</font>&#160;as of December 31, 2013 and 2014, respectively.</p>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomePolicyPolicyTextBlock', window );">Comprehensive income</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(u) Comprehensive income</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Our financial statements include the Consolidated Statements of Comprehensive (Loss) Income as required by new accounting guidance, which we retrospectively adopted during 2012. As of December 31, 2013 and 2014, Accumulated Other Comprehensive Income was comprised entirely of foreign currency translation adjustments.</p>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOfFinancialInstrumentsPolicy', window );">Fair value of financial instruments</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(v) Fair value of financial instruments</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;estimates fair value of financial assets and liabilities as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as an exit price). The fair value measurement guidance establishes a hierarchy for inputs used in measuring fair value that gives the highest priority to observable inputs and the lowest priority to unobservable inputs. Valuation techniques used to measure fair value shall maximize the use of observable inputs.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Level 1&#151;Valuation techniques in which all significant inputs are unadjusted quoted prices from active markets for assets or liabilities that are identical to the assets or liabilities being measured.</font></td>
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<td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Level 2&#151;Valuation techniques in which significant inputs include quoted prices from active markets for assets or liabilities that are similar to the assets or liabilities being measured and/or quoted prices for assets or liabilities that are identical or similar to the assets or liabilities being measured from markets that are not active. Also, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets are Level 2 valuation techniques.</font></td>
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<td style="vertical-align: top; width: 92%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Level 3&#151;Valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are valuation technique inputs that reflect the Group's own assumptions about the assumptions that market participants would use to price an asset or liability.</font></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">When available, the Group measures the fair value of financial instruments based on quoted market prices in active markets, valuation techniques that use observable market-based inputs or unobservable inputs that are corroborated by market data. Pricing information the Group obtains from third parties is internally validated for reasonableness prior to use in the consolidated financial statements. When observable market prices are not readily available, the Group generally estimates fair value using valuation techniques that rely on alternate market data or inputs that are generally less readily observable from objective sources and are estimated based on pertinent information available at the time of the applicable reporting periods. In certain cases, fair values are not subject to precise quantification or verification and may fluctuate as economic and market factors vary and the Group's evaluation of those factors changes. Although the Group uses its best judgment in estimating the fair value of these financial instruments, there are inherent limitations in any estimation technique. In these cases, a minor change in an assumption could result in a significant change in its estimate of fair value, thereby increasing or decreasing the amounts of the Group's consolidated assets, liabilities, shareholders' equity and net income or loss.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group's financial instruments include cash and cash equivalents, restricted cash, accounts receivable, other current assets, amount due from related parties, accounts payable, other current liabilities, payables for purchase of property, plant and equipment, amounts due to related parties and short-term and current portion of long-term bank borrowings. The carrying amounts of these short-term financial instruments approximate their fair values due to the short-term maturity of these instruments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The fair values of the Group's plant and equipment and long-term bank borrowings as of December 31, 2013 and 2014 are estimated by discounted cash flow technique using an interest rate corresponding to debt with similar maturities and risks on the measurement date.</p>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationVariableInterestEntityPolicy', window );">Variable Interest Entity</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(w) Variable Interest Entity</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;uses a qualitative approach in assessing the consolidation requirement for variable interest entities. The approach focuses on identifying which enterprise has the power to direct the activities that most significantly impact the variable interest entity's economic performance and which enterprise has the obligation to absorb losses or the right to receive benefits from the variable interest entity. In the event that the Group&#160;is the primary beneficiary of a variable interest entity, the assets, liabilities, and results of operations of the variable interest entity will be included in the Group's Consolidated Financial Statements.</p>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy', window );">Noncontrolling interest</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(x) Noncontrolling interest</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The noncontrolling interest represents Daqo Group's equity interest in Daqo New Material. The Group classified the ownership interest in the consolidated entity held by a party other than the Group&#160;to noncontrolling interest in the consolidated financial statements. It also reported the consolidated net income at amounts that include the amounts attributable to both the parent and the noncontrolling interest on the face of the consolidated statements of operations and comprehensive income. On December 31, 2013, Daqo New Material was deconsolidated, therefore the noncontrolling interest was $<font>nil</font> as of December 31, 2013 and 2014.</p>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityPolicyTextBlock', window );">Treasury Stock</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(y) Treasury Stock</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On July 9, 2012, the Company's Board of Directors authorized the Company to repurchase up to $<font>5</font> million in aggregate value of its outstanding ordinary shares through open market or other legally permissible means prior to December 31, 2012 in accordance with applicable securities laws.. During the year ended December 31, 2012, the Company repurchased <font>2,836,670</font> shares for a total purchase price of $<font>500,724</font>. The Company has legal title to the shares, and no other party has the voting rights associated with these shares.</p>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">Recent accounting pronouncements</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(z) Recent accounting pronouncements</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">On August 27, 2014, the FASB issued ASU 2014-15, which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements (or within one year after the date on which the financial statements are available to be issued, when applicable). Further, an entity must provide certain disclosures if there is &#147;substantial doubt about the entity's ability to continue as a going concern.&#148; The ASU is effective for annual periods ending after December 15, 2016, and interim periods thereafter. Early adoption is permitted. The Group&#160;is in the process of evaluating the impact on its consolidated financial statements upon adoption.</font></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">In May 2014, the FASB issued a new pronouncement which affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition&#151;Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g. assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles&#151;Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.</font></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p>
<p style="margin: 0in 0in 0.0001pt; text-indent: 23pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:</font><br/><font style="font-size: 10pt;">Step 1: Identify the contract(s) with a customer.</font><br/><font style="font-size: 10pt;">Step 2: Identify the performance obligations in the contract.</font><br/><font style="font-size: 10pt;">Step 3: Determine the transaction price.</font><br/><font style="font-size: 10pt;">Step 4: Allocate the transaction price to the performance obligations in the contract.</font><br/><font style="font-size: 10pt;">Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.</font><br/><font style="font-size: 10pt;">For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. An entity should apply the amendments in this ASU using one of the following two methods:</font><br/> <br/><font style="font-size: 10pt;">1. Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:</font><br/><font style="font-size: 10pt;">For completed contracts, an entity need not restate contracts that begin and end within the same annual reporting period.</font><br/><font style="font-size: 10pt;">For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.</font><br/> <br/><font style="font-size: 10pt;">For all reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.</font><br/> <br/><font style="font-size: 10pt;">2. Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method it also should provide the additional disclosures in reporting periods that include the date of initial application of:</font><br/><font style="font-size: 10pt;">The amount by which each financial statement line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect before the change.</font><br/> <br/><font style="font-size: 10pt;">The Group&#160;is in the process of evaluating the impact on its consolidated financial statements upon adoption.</font></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4273-108586<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 305<br><br> -SubTopic 10<br><br> -Section 05<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6375392&amp;loc=d3e26790-107797<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Financial Reporting Release (FRR)<br><br> -Number 203<br><br> -Paragraph 02-03<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPolicyTextBlock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Entity's cash and cash equivalents accounting policy with respect to restricted balances.  Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4273-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 305<br><br> -SubTopic 10<br><br> -Section 05<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6375392&amp;loc=d3e26790-107797<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Financial Reporting Release (FRR)<br><br> -Number 203<br><br> -Paragraph 02-03<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.1(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 1<br><br> -Subparagraph a<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ComprehensiveIncomePolicyPolicyTextBlock</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for credit risk.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 825<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28088331&amp;loc=SL29635902-196195<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13531-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13537-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6875567&amp;loc=d3e14489-108613<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 825<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480020&amp;loc=d3e61082-112788<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 825<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480020&amp;loc=d3e61044-112788<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ConcentrationRiskCreditRisk</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Period Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=d3e5614-111684<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.3A-02)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355033-122828<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph k<br><br> -Article 1<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02, 03<br><br> -Article 3A<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ConsolidationPolicyTextBlock</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for subsidiaries or other investments that are consolidated, including the accounting treatment for intercompany accounts or transactions and any noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=d3e5614-111684<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.3A-02)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355033-122828<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph a<br><br> -Article 4<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02, 03, 04<br><br> -Article 3A<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for consolidation to describe the significant judgments and assumptions made in determining whether a variable interest held by the entity requires the variable interest entity to be consolidated and (or) disclose information about its involvement with the variable interest entity; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; and the significant factors considered and judgments made in determining that the power to direct the activities that significantly impact the economic performance of the variable interest entity are shared (as defined).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5A<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=SL6759159-111685<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5728-111685<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2AA<br><br> -Subparagraph a<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=SL6759068-111685<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=SL6225816-111685<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ConsolidationVariableInterestEntityPolicy</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. The accounting policy may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This disclosure also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 2<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 50<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6408645&amp;loc=d3e63676-111659<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3630-109257<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for determining the fair value of financial instruments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13279-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 60<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7493716&amp;loc=d3e21868-110260<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td><strong> Name:</strong></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for determining revenues and related costs.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 912<br><br> -SubTopic 235<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6471718&amp;loc=d3e53972-109395<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 5<br><br> -Section CC<br><br> -Subsection 3<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 05<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6390181&amp;loc=d3e202-110218<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                  <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32840-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 30<br><br> -Section 05<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6423966&amp;loc=d3e40913-109327<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 954<br><br> -SubTopic 740<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6491622&amp;loc=d3e9504-115650<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 17<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32809-109319<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e32247-109318<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e32280-109318<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 6<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360613&amp;loc=d3e4492-108314<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360613&amp;loc=d3e4556-108314<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Financial Reporting Release (FRR)<br><br> -Number 206<br><br> -Paragraph b<br><br> -Subparagraph i, ii<br><br> -Chapter 2<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.13(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 13<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for determining the allowance for doubtful accounts for trade and other accounts receivable balances, and when impairments, charge-offs or recoveries are recognized.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35738203&amp;loc=d3e5144-111524<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy</td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for costs it has incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 730<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Research and Development<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6523717<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18726-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 13<br><br> -Section B<br><br> -Paragraph Question 1<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 13.B.Q1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012821&amp;loc=d3e214044-122780<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18823-107790<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b),(f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for the classification of shipping and handling costs, including whether the costs are included in cost of sales or included in other income statement accounts. If shipping and handling fees are significant and are not included in cost of sales, disclosure includes both the amounts of such costs and the line item on the income statement which includes such costs.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18726-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 45<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6408196&amp;loc=d3e61069-111654<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Handling Costs<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6514758<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 45<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=21915142&amp;loc=d3e60635-111653<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 45<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6408413&amp;loc=d3e221937-122793<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Shipping Costs<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6525344<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income.</p>
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                <p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6143-108592<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6132-108592<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6061-108592<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EKH">
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          <div style="width: 200px;"><strong>SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Tables)<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following customers accounted for 10% or more of accounts receivable:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td colspan="6" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font: 10pt Times New Roman, Times, Serif;"><strong>December 31,</strong></font></td>
<td style="font-family: 'Times New Roman';">&#160;</td>
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<tr style="background-color: #ffffff;">
<td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"><strong>Accounts<br/> receivable</strong></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"><br/> <strong>2013</strong></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; padding-right: 10px; white-space: nowrap; text-align: center;"><br/> <strong>2014</strong></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer A</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; background-color: #cceeff;"><font>3,673,455</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>*</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<td style="vertical-align: top; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer B</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>1,225,831</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-right: 10px; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; white-space: nowrap;"><font>*</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<tr style="background-color: #cceeff;">
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer C</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>1,507,576</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; background-color: #cceeff;"><font>2,213,393</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer D</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font>1,578,947</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="background-color: #cceeff;">
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;">Customer E</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px; background-color: #cceeff;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>1,330,145</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font><font style="font-size: 13.3333330154419px;">Customer F</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font><font>*</font></font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="vertical-align: bottom; border: none #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; text-align: left; white-space: nowrap; width: 20px;">$</td>
<td style="vertical-align: bottom; text-align: right; border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; white-space: nowrap; width: 20px;"><font>1,071,415</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div style="margin-top: 3pt; margin-bottom: 1pt;" align="left">
<div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;">&#160;</div>
</div>
<div class="CursorPointer">
<table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;">

<tr style="vertical-align: top;">
<td style="width: 2%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">*</font></td>
<td style="width: 1%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">&#160;</td>
<td style="width: 97%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">
<div>Represents less than 10%</div>
</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_ScheduleOfPropertyPlantAndEquipmentDepreciationEstimatedLivesTableTextBlock', window );">Schedule of Property, Plant and Equipment, Depreciation, Estimated Lives</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Property, plant and equipment are recorded at cost less accumulated depreciation. Depreciation is recognized on a straight-line basis over the following estimated useful lives:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellspacing="0" cellpadding="0" style="font: 10pt times new roman, times, serif; width: 85%; border-collapse: collapse; margin-left: 58px;" width="100%">

<tr>
<td style="vertical-align: top; width: 82%; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Buildings and plant</font></td>
<td style="vertical-align: bottom; width: 18%; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>30</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Machinery and equipment</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>15</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Furniture, fixtures and equipment</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>3</font>-<font>5</font>&#160;years</font></td>
</tr>
<tr>
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">Motor vehicles</font></td>
<td style="vertical-align: bottom; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>6</font> years</font></td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock', window );">Schedule of Share-Based Compensation Expenses</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 61%; background-color: #cceeff;">Selling, general and administrative expenses</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>2,018,817</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>1,743,768</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>1,544,078</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Research and development expenses</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>175,242</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>60,987</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>12,310</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Cost of sales</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>55,775</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>76,646</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>236,431</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>2,249,834</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>1,881,401</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>1,792,819</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
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        <tr>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the estimated useful lives of property and equipment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td>duration</td>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                  <tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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                <p>Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>ORGANIZATION AND PRINCIPAL ACTIVITIES<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract]</strong></a></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock', window );">ORGANIZATION AND PRINCIPAL ACTIVITIES</a></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong><font>1</font>. ORGANIZATION AND PRINCIPAL ACTIVITIES</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">The consolidated financial statements include the financial statements of Daqo New Energy Corp. (the &#147;Company&#148;), its wholly owned subsidiaries, Chongqing Daqo New Energy Co., Ltd. (&#147;Chongqing Daqo&#148;), Nanjing Daqo New Energy Co., Ltd. (&#147;Nanjing Daqo&#148;) (which was disposed to Daqo Group Co., Ltd. ("Daqo Group") on September 28, 2012), Xinjiang Daqo New Energy Co., Ltd (&#147;Xinjiang Daqo&#148;), Daqo Solar Energy North America (&#147;Daqo America&#148;) (which was liquidated in 2013) and Daqo New Energy Holdings (Canada) Ltd.(&#147;Daqo Canada&#148;) (which was liquidated in 2013) and its consolidated variable interest entity (&#147;VIE&#148;) Daqo New Material Co., Ltd. (&#147;Daqo New Material&#148;) (which was deconsolidated on December 31, 2013) (collectively, the &#147;Group&#148;).</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">The Company was incorporated on November&#160;22, 2007 in the Cayman Islands. Chongqing Daqo, Nanjing Daqo and Xinjiang Daqo were incorporated by the Company on January&#160;14, 2008, December&#160;20, 2007 and February&#160;22, 2011, respectively, in the Peoples' Republic of China (&#147;PRC&#148;). Daqo America was incorporated by the Company in January 2009, in California, USA. Daqo Canada was incorporated by the Company in April 2011, in Hamilton, Ontario, Canada.</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">Daqo New Material and the Company were under common control by Daqo New Material's ultimate shareholders prior to November 11, 2009. Daqo New Material was established by Daqo Group, an affiliate of the Company on November&#160;16, 2006, for the primary purpose of developing a photovoltaic business. Daqo New Material's activities included acquiring land use rights and constructing certain polysilicon production infrastructure, including buildings and production machinery and equipment. Chongqing Daqo acquired additional machinery and equipment that are used in connection with Daqo New Material's land and production infrastructure.</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">Subsequent to its establishment, Chongqing Daqo entered into a lease agreement with Daqo New Material to rent all of Daqo New Material's land, production infrastructure and machinery and equipment for the Group's polysilicon production. The lease period is from July&#160;1, 2008 to December&#160;31, 2013, with monthly lease payments that have been renegotiated periodically and are eliminated in consolidation. The lease agreement also provided that if Daqo New Material transferred the ownership of the leased assets to any third party, the lease agreement would remain effective and enforceable against the new owner. One month before the expiry of the lease period, Chongqing Daqo had the option to renew the lease on the same terms and conditions for an additional five-year periods. Furthermore, Chongqing Daqo has the option to purchase, or to designate any person to purchase, the leased assets at the then fair value at any time during the lease period or within one year following the lease period, if permitted by the PRC laws and regulations. If Daqo New Material desires to transfer the ownership of the leased assets to a third party, Chongqing Daqo has the right of first refusal to acquire the leased assets under the same conditions. If the leased assets are transferred to a third party, the lease agreement will remain effective and enforceable against the new owner.</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">Because the aggregate value of the monthly rental payments that Chongqing Daqo is contractually obligated to make to Daqo New Material represents the majority of the value of Daqo New Material's assets, Chongqing Daqo has the majority of investment risk in Daqo New Material. Further, the Group has concluded that the arrangement results in Chongqing Daqo providing an implicit guarantee to protect Daqo Group from absorbing losses incurred by Daqo New Material, thus Daqo New Material is considered to be a variable interest entity of Chongqing Daqo. Furthermore, the operating activities of Daqo New Material are most closely associated with Chongqing Daqo and the management of Chongqing Daqo also acts as the management of Daqo New Material. Based on these factors, Chongqing Daqo has the power to control Daqo New Material and is considered the primary beneficiary of Daqo New Material. The assets and liabilities of Daqo New Material are consolidated at historical cost given they were held by entities under common control at the time of the lease agreement. Daqo Group's total equity interests in Daqo New Material are presented as a noncontrolling interest.</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">On December 31, 2013, Chongqing Daqo and Daqo New Material terminated the lease agreement. As a result, the Company deconsolidated Daqo New Material on December 31, 2013. .</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">In the periods presented, the Group manufactured and sold polysilicon and wafers through Chongqing Daqo and Xinjiang Daqo, and sold modules through Nanjing Daqo before September 28, 2012 when Nanjing Daqo was sold to the Daqo Group.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
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                <p>The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>EXIT and DISPOSAL ACTIVITIES (Tables)<br></strong></div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">The discontinued operations were retrospectively reflected for all the prior years presented in the consolidated statements of operations. The operating results reported as discontinued operations for the years ended December 31, 2012 are summarized as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
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<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="3" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;">Revenues</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>6,454,830</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Operating costs and expenses</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(9,946,357</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Loss from discontinued operations before income taxes</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(3,491,527</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Income tax benefit</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><br/></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Loss from discontinued operations</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(3,491,527</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><br/></td>
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                <p>Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ETIBM">
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          <div style="width: 200px;"><strong>FINANCIAL STATEMENT SCHEDULE I (STATEMENT OF CHANGES IN EQUITY) (Details) (USD $)<br></strong></div>
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        <th class="th" colspan="2">1 Months Ended</th>
        <th class="th" colspan="3">12 Months Ended</th>
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      <tr>
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          <div>Feb. 28, 2015</div>
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        <th class="th">
          <div>May 30, 2014</div>
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          <div>Dec. 31, 2013</div>
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          <div>Dec. 31, 2012</div>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 340,877,413</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 452,026,227</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
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        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" onclick="toggleNextSibling(this);">37,080</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" onclick="toggleNextSibling(this);">135,171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod" onclick="toggleNextSibling(this);">(500,724)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
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        <td class="nump"><a title="us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" onclick="toggleNextSibling(this);">9,980,051</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="num"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses" onclick="toggleNextSibling(this);">(1,099,299)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
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        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">54,600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">54,624,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesOther', window );">Follow-on equity offering, net of issuance costs, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesOther" onclick="toggleNextSibling(this);">50,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">206,768,070</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">340,877,413</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember', window );">Ordinary shares [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,288</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,571</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">173,427,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">172,877,433</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">175,714,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">150,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">550,420</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">(283)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Repurchase, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockSharesAcquired[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">(2,836,670)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockSharesAcquired<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">5,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesOther', window );">Follow-on equity offering, net of issuance costs, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesOther[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">50,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesOther<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">22,358</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,288</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">223,577,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">173,427,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">172,877,433</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember', window );">Treasury Stock [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(494,928)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">96,256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(494,928)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(494,928)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember', window );">Additional paid in capital [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">146,676,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">144,755,902</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">142,511,581</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">37,065</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">38,860</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">(5,513)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">54,619,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">203,125,494</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">146,676,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">144,755,902</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember', window );">Retained earnings (accumulated losses) [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(32,667,469)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">38,276,015</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">150,204,956</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(16,018,293)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(32,667,469)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">38,276,015</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember', window );">Accumulated other comprehensive income [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">23,699,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">19,551,006</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">18,444,123</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">(1,099,299)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">20,037,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">23,699,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">19,551,006</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">202,105,283</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">311,178,231</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,662,013)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">4,148,190</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">2,206,182</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">37,080</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">135,171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(500,724)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(1,099,299)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">54,624,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">206,768,070</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">202,105,283</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member] | Ordinary shares [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,288</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,571</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">173,427,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">172,877,433</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">175,714,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">150,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">550,420</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">(283)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Repurchase, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockSharesAcquired[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">(2,836,670)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockSharesAcquired<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">5,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesOther', window );">Follow-on equity offering, net of issuance costs, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesOther[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">50,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesOther<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">22,358</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,288</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">223,577,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">173,427,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">172,877,433</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member] | Treasury Stock [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(494,928)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">96,256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(494,928)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(494,928)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member] | Additional paid in capital [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">146,676,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">144,755,902</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">142,511,581</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">37,065</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">38,860</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">(5,513)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">54,619,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">203,125,494</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">146,676,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">144,755,902</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member] | Retained earnings (accumulated losses) [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(32,667,469)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">38,276,015</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">150,204,956</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(16,018,293)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(32,667,469)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">38,276,015</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member] | Accumulated other comprehensive income [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems', window );"><strong>Condensed Financial Statements, Captions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">23,699,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">19,551,006</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">18,444,123</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">(3,662,013)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">4,148,190</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">2,206,182</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Repurchase</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Deconsolidation of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">(1,099,299)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">$ 20,037,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">$ 23,699,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">$ 19,551,006</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation".</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 35<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415241&amp;loc=d3e4534-113899<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32706628&amp;loc=d3e11149-113907<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32706628&amp;loc=d3e11178-113907<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CondensedFinancialStatementsCaptionsLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CondensedFinancialStatementsCaptionsLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of foreign currency translation gains or losses included in the disposal group, whether or not a component of the entity (discontinued operation), that were previously reported in accumulated other comprehensive Income or Loss.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 20<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6915805&amp;loc=d3e32211-110900<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of the reduction or elimination during the period of a noncontrolling interest resulting from the parent's loss of control and deconsolidation of the entity in which one or more outside parties had a noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of other comprehensive income (loss) attributable to parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569643-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SharesIssued</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568447-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568740-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4I<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4590271-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesOther</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of share options (or share units) exercised during the current period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28,29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iv)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueOther</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of stock issued as a result of the exercise of stock options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockSharesAcquired">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares that have been repurchased during the period and are being held in treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockSharesAcquired</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValueAcquiredParValueMethod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the par value method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockValueAcquiredParValueMethod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2F">
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          <div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2014</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>FAIR VALUE MEASUREMENTS [Abstract]</strong></a></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByBalanceSheetGroupingTextBlock', window );">Schedule of Financial Instruments for which Fair Value Does not Approximate Carrying Value</a></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following table presents the financial instruments for which fair value does not approximate carrying value as of December&#160;31, 2013 and 2014:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong>As of December 31, 2013</strong></td>
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<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;">&#160;</td>
<td colspan="14" nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong>As&#160;of&#160;December&#160;31,&#160;2014</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;">&#160;</td>
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<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"><strong>Carrying Value</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"><strong>Fair&#160;Value</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="border: none #000000; padding: 0px; text-align: center;"><strong>Carrying&#160;Value</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"><strong>Fair&#160;Value</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<td style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Long-term bank borrowing</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>134,870,287</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>124,047,823</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>77,336,160</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>71,422,148</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock', window );">Schedule of Nonrecurring Fair Value Measurements</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following table displays assets and liabilities that were measured at fair value on a non-recurring basis after initial recognition;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="18" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Year ended December 31, 2013</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong><font style="font-family: 'Times New Roman';">Description</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">
<p style="margin: 0pt 0; font-family: 'times new roman';"><strong>Carrying<br/> amount</strong></p>
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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Quoted&#160;Prices&#160;in<br/> Active&#160;Markets<br/> for&#160;Identical<br/> Assets&#160;(Level&#160;1)</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Significant<br/> Other<br/> Observable<br/> Inputs&#160;(Level&#160;2)</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Significant<br/> Unobservable<br/> Inputs&#160;(Level&#160;3)</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Total&#160;Losses</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-indent: 9.5pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;"><font style="font-family: 'Times New Roman';">Long-lived assets held and used</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"><font>307,942,362</font></td>
<td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; border-color: #000000; padding: 0px 5px; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"><font>149,517,535</font></td>
<td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"><font>&#151;</font></td>
<td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"><font>158,424,827</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt;">&#160;</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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                <p>Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13467-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13476-108611<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6447952&amp;loc=d3e13220-108610<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2BAE">
      <tr>
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          <div style="width: 200px;"><strong>FOLLOW-ON EQUITY OFFERING (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="2">1 Months Ended</th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Feb. 28, 2015</div>
        </th>
        <th class="th">
          <div>May 30, 2014</div>
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        <th class="th">
          <div>Dec. 31, 2014</div>
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        <th class="th">
          <div>Dec. 31, 2013</div>
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        <th class="th">
          <div>Dec. 31, 2012</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteAbstract', window );"><strong>FOLLOW-ON EQUITY OFFERING [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_DepositarySharesIssuedDuringPeriodShares', window );">America depositary shares (ADSs) issued, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_DepositarySharesIssuedDuringPeriodShares" onclick="toggleNextSibling(this);">2,000,000</a><span style="display:none;white-space:normal;text-align:left;">dq_DepositarySharesIssuedDuringPeriodShares</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesOther', window );">Follow-on equity offering, net of issuance costs, shares</a></td>
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        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesOther" onclick="toggleNextSibling(this);">50,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfStockIssuanceCosts', window );">Issuance cost for ordinary shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_PaymentsOfStockIssuanceCosts" onclick="toggleNextSibling(this);">$ (3,400,000)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsOfStockIssuanceCosts</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsOfStockIssuanceCosts" onclick="toggleNextSibling(this);">$ (3,375,553)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsOfStockIssuanceCosts</span><span></span></td>
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        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">$ 28,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">$ 54,600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">$ 54,624,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of depositary shares issued during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for cost incurred directly with the issuance of an equity security.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br></p>
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                <p>Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <p>Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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<FILENAME>R72.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EWWBI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SHARE BASED COMPENSATION (Narrative) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
        <th class="th" colspan="1">0 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
        <th class="th">
          <div>Jan. 28, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Ordinary shares authorized</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" onclick="toggleNextSibling(this);">21,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense" onclick="toggleNextSibling(this);">$ 1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense" onclick="toggleNextSibling(this);">$ 1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense" onclick="toggleNextSibling(this);">$ 2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Share options granted</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">12,375,416</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">6,371,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Granted</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">6,274,166</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">140,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">1,190,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Weighted average fair value of stock options granted</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.98</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.11</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.23</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions', window );">Unrecognized compensation cost related to non-vested stock options</a></td>
        <td class="nump"><a title="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 4,700,682</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1', window );">Unrecognized compensation cost, recognition period</a></td>
        <td class="text">2 years 11 months 19 days<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Independent Directors [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Granted</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_IndependentDirectorsMember]" onclick="toggleNextSibling(this);">566,666</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_IndependentDirectorsMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Vesting period for plan</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">2 years<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_VestingInstallmentsDuringVestingPeriod', window );">Vesting installments during vesting period</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_VestingInstallmentsDuringVestingPeriod[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_IndependentDirectorsMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">dq_VestingInstallmentsDuringVestingPeriod<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_IndependentDirectorsMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice', window );">Exercise price</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_IndependentDirectorsMember]" onclick="toggleNextSibling(this);">$ 1.49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_IndependentDirectorsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Independent Directors [Member] | Share-based Compensation Award, Tranche One [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage', window );">Vesting percentage</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_IndependentDirectorsMember;us-gaap_VestingAxis=us-gaap_ShareBasedCompensationAwardTrancheOneMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_IndependentDirectorsMember<br>/ us-gaap_VestingAxis<br>= us-gaap_ShareBasedCompensationAwardTrancheOneMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Independent Directors [Member] | Share-based Compensation Award, Tranche Two [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage', window );">Vesting percentage</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_IndependentDirectorsMember;us-gaap_VestingAxis=us-gaap_ShareBasedCompensationAwardTrancheTwoMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_IndependentDirectorsMember<br>/ us-gaap_VestingAxis<br>= us-gaap_ShareBasedCompensationAwardTrancheTwoMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Independent Directors [Member] | Share-based Compensation Award, Tranche Three [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage', window );">Vesting percentage</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_IndependentDirectorsMember;us-gaap_VestingAxis=us-gaap_ShareBasedCompensationAwardTrancheThreeMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_IndependentDirectorsMember<br>/ us-gaap_VestingAxis<br>= us-gaap_ShareBasedCompensationAwardTrancheThreeMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Relevant Employees and Executive Officers [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Granted</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_RelevantEmployeesAndExecutiveOfficersMember]" onclick="toggleNextSibling(this);">5,707,500</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_RelevantEmployeesAndExecutiveOfficersMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Vesting period for plan</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">3 years<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_VestingInstallmentsDuringVestingPeriod', window );">Vesting installments during vesting period</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_VestingInstallmentsDuringVestingPeriod[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_RelevantEmployeesAndExecutiveOfficersMember]" onclick="toggleNextSibling(this);">36</a><span style="display:none;white-space:normal;text-align:left;">dq_VestingInstallmentsDuringVestingPeriod<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_RelevantEmployeesAndExecutiveOfficersMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice', window );">Exercise price</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_RelevantEmployeesAndExecutiveOfficersMember]" onclick="toggleNextSibling(this);">$ 1.49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_RelevantEmployeesAndExecutiveOfficersMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Relevant Employees and Executive Officers [Member] | Share-based Compensation Award, Tranche One [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage', window );">Vesting percentage</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_RelevantEmployeesAndExecutiveOfficersMember;us-gaap_VestingAxis=us-gaap_ShareBasedCompensationAwardTrancheOneMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_RelevantEmployeesAndExecutiveOfficersMember<br>/ us-gaap_VestingAxis<br>= us-gaap_ShareBasedCompensationAwardTrancheOneMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Relevant Employees and Executive Officers [Member] | Share-based Compensation Award, Tranche Two [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage', window );">Vesting percentage</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_RelevantEmployeesAndExecutiveOfficersMember;us-gaap_VestingAxis=us-gaap_ShareBasedCompensationAwardTrancheTwoMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_RelevantEmployeesAndExecutiveOfficersMember<br>/ us-gaap_VestingAxis<br>= us-gaap_ShareBasedCompensationAwardTrancheTwoMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member] | Relevant Employees and Executive Officers [Member] | Share-based Compensation Award, Tranche Three [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage', window );">Vesting percentage</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_RelevantEmployeesAndExecutiveOfficersMember;us-gaap_VestingAxis=us-gaap_ShareBasedCompensationAwardTrancheThreeMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_RelevantEmployeesAndExecutiveOfficersMember<br>/ us-gaap_VestingAxis<br>= us-gaap_ShareBasedCompensationAwardTrancheThreeMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_VestingInstallmentsDuringVestingPeriod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Vesting Installments During Vesting Period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_VestingInstallmentsDuringVestingPeriod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:integerItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllocatedShareBasedCompensationExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 14.F)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27013229&amp;loc=d3e301413-122809<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (h)(1)(i)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 14<br><br> -Section F<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AllocatedShareBasedCompensationExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (i)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Unrecognized cost of unvested options awarded to employees as compensation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of vesting of share-based compensation awards.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Agreed-upon price for the exchange of the underlying asset relating to the share-based payment award.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross number of share options (or share units) granted during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (d)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of options outstanding, including both vested and non-vested options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(i)-(ii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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<SEQUENCE>65
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EQWAG">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current assets:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">$ 7,068,483</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">$ 7,831,084</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue', window );">Restricted cash</a></td>
        <td class="nump"><a title="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">22,169,236</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">8,826,110</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable, net of allowance for doubtful accounts of $7,160,782 and $3,189,110 as of December 31, 2013 and 2014</a></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent" onclick="toggleNextSibling(this);">8,714,261</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent" onclick="toggleNextSibling(this);">9,909,662</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesAndLoansReceivableNetCurrent', window );">Note receivables</a></td>
        <td class="nump"><a title="us-gaap_NotesAndLoansReceivableNetCurrent" onclick="toggleNextSibling(this);">50,239,886</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesAndLoansReceivableNetCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_NotesAndLoansReceivableNetCurrent" onclick="toggleNextSibling(this);">15,929,627</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesAndLoansReceivableNetCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other current assets</a></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" onclick="toggleNextSibling(this);">12,835,869</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" onclick="toggleNextSibling(this);">23,870,690</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdvancesOnInventoryPurchases', window );">Advances to suppliers</a></td>
        <td class="nump"><a title="us-gaap_AdvancesOnInventoryPurchases" onclick="toggleNextSibling(this);">1,352,747</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdvancesOnInventoryPurchases</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdvancesOnInventoryPurchases" onclick="toggleNextSibling(this);">860,546</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdvancesOnInventoryPurchases</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventories</a></td>
        <td class="nump"><a title="us-gaap_InventoryNet" onclick="toggleNextSibling(this);">9,581,784</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryNet" onclick="toggleNextSibling(this);">10,500,256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryNet</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Amount due from related parties</a></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">9,986,968</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_DueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">13,416,452</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueFromRelatedPartiesCurrent</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
        <td class="nump"><a title="us-gaap_AssetsCurrent" onclick="toggleNextSibling(this);">121,949,234</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsCurrent" onclick="toggleNextSibling(this);">91,144,427</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property, plant and equipment, net</a></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentNet" onclick="toggleNextSibling(this);">559,006,119</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentNet" onclick="toggleNextSibling(this);">488,504,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentNet</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseNoncurrent', window );">Prepaid land use rights</a></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseNoncurrent" onclick="toggleNextSibling(this);">29,006,693</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseNoncurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_PrepaidExpenseNoncurrent" onclick="toggleNextSibling(this);">30,377,493</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PrepaidExpenseNoncurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrent', window );">Other non-current assets</a></td>
        <td class="nump"><a title="us-gaap_OtherAssetsNoncurrent" onclick="toggleNextSibling(this);">169,173</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherAssetsNoncurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherAssetsNoncurrent" onclick="toggleNextSibling(this);">173,440</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherAssetsNoncurrent</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">TOTAL ASSETS</a></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">710,131,219</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">610,199,543</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtCurrent', window );">Short-term bank borrowings, including current portion of long-term bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_DebtCurrent" onclick="toggleNextSibling(this);">159,803,876</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtCurrent" onclick="toggleNextSibling(this);">118,870,857</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
        <td class="nump"><a title="us-gaap_AccountsPayableCurrent" onclick="toggleNextSibling(this);">16,784,156</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsPayableCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AccountsPayableCurrent" onclick="toggleNextSibling(this);">17,695,490</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsPayableCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayableCurrent', window );">Note payables</a></td>
        <td class="nump"><a title="us-gaap_NotesPayableCurrent" onclick="toggleNextSibling(this);">48,941,807</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayableCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_NotesPayableCurrent" onclick="toggleNextSibling(this);">1,573,646</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayableCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CustomerAdvancesCurrent', window );">Advances from customers</a></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesCurrent" onclick="toggleNextSibling(this);">7,308,535</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesCurrent" onclick="toggleNextSibling(this);">13,217,775</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesCurrent', window );">Payables for purchases of property, plant and equipment</a></td>
        <td class="nump"><a title="us-gaap_OtherLiabilitiesCurrent" onclick="toggleNextSibling(this);">64,575,527</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherLiabilitiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherLiabilitiesCurrent" onclick="toggleNextSibling(this);">51,766,695</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherLiabilitiesCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_AccruedExpensesAndOtherCurrentLiabilities', window );">Accrued expenses and other current liabilities</a></td>
        <td class="nump"><a title="dq_AccruedExpensesAndOtherCurrentLiabilities" onclick="toggleNextSibling(this);">8,955,663</a><span style="display:none;white-space:normal;text-align:left;">dq_AccruedExpensesAndOtherCurrentLiabilities</span><span></span></td>
        <td class="nump"><a title="dq_AccruedExpensesAndOtherCurrentLiabilities" onclick="toggleNextSibling(this);">7,461,621</a><span style="display:none;white-space:normal;text-align:left;">dq_AccruedExpensesAndOtherCurrentLiabilities</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amount due to related parties</a></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">89,698,151</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_DueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">88,537,790</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DueToRelatedPartiesCurrent</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesCurrent" onclick="toggleNextSibling(this);">396,067,715</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesCurrent" onclick="toggleNextSibling(this);">299,123,874</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtNoncurrent" onclick="toggleNextSibling(this);">77,336,160</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtNoncurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebtNoncurrent" onclick="toggleNextSibling(this);">134,870,287</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtNoncurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CustomerAdvancesNoncurrent', window );">Advance from customers</a></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesNoncurrent" onclick="toggleNextSibling(this);">3,401,667</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesNoncurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesNoncurrent" onclick="toggleNextSibling(this);">11,924,121</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesNoncurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherDeferredCreditsNoncurrent', window );">Deferred government subsidies</a></td>
        <td class="nump"><a title="us-gaap_OtherDeferredCreditsNoncurrent" onclick="toggleNextSibling(this);">26,557,607</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherDeferredCreditsNoncurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherDeferredCreditsNoncurrent" onclick="toggleNextSibling(this);">26,954,700</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherDeferredCreditsNoncurrent</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
        <td class="nump"><a title="us-gaap_Liabilities" onclick="toggleNextSibling(this);">503,363,149</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Liabilities</span><span></span></td>
        <td class="nump"><a title="us-gaap_Liabilities" onclick="toggleNextSibling(this);">472,872,982</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Liabilities</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies (Note 17)</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Daqo New Energy Corp. shareholders' equity:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValueOutstanding', window );">Ordinary shares; $0.0001 per value 500,000,000 shares authorized as of December 31, 2013 and 2014; 175,714,103 and 225,864,103 shares issued as of December 31, 2013 and 2014, respectively and 173,427,853 and 223,577,853 shares outstanding as of December 31, 2013 and 2014, respectively</a></td>
        <td class="nump"><a title="us-gaap_CommonStockValueOutstanding" onclick="toggleNextSibling(this);">22,358</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockValueOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockValueOutstanding" onclick="toggleNextSibling(this);">17,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockValueOutstanding</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid in capital</a></td>
        <td class="nump"><a title="us-gaap_AdditionalPaidInCapitalCommonStock" onclick="toggleNextSibling(this);">203,125,494</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdditionalPaidInCapitalCommonStock</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdditionalPaidInCapitalCommonStock" onclick="toggleNextSibling(this);">146,676,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdditionalPaidInCapitalCommonStock</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Accumulated losses</a></td>
        <td class="num"><a title="us-gaap_RetainedEarningsAccumulatedDeficit" onclick="toggleNextSibling(this);">(16,018,293)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAccumulatedDeficit</span><span></span></td>
        <td class="num"><a title="us-gaap_RetainedEarningsAccumulatedDeficit" onclick="toggleNextSibling(this);">(32,667,469)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAccumulatedDeficit</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income</a></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">20,037,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">23,699,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Treasury Stock, at cost (2,286,250 and 2,286,250 shares as of December 31, 2013 and 2014, respectively)</a></td>
        <td class="num"><a title="us-gaap_TreasuryStockValue" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValue</span><span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValue" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValue</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total Daqo New Energy Corp. shareholders' equity</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquity" onclick="toggleNextSibling(this);">206,768,070</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquity</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquity" onclick="toggleNextSibling(this);">137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquity</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">206,768,070</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">TOTAL LIABILITIES AND EQUITY</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesAndStockholdersEquity" onclick="toggleNextSibling(this);">$ 710,131,219</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesAndStockholdersEquity</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesAndStockholdersEquity" onclick="toggleNextSibling(this);">$ 610,199,543</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesAndStockholdersEquity</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_AccruedExpensesAndOtherCurrentLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accrued expenses and other current liabilities</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_AccruedExpensesAndOtherCurrentLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsPayableCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3-4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph a(1)<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 4<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsReceivableNetCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 11<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e681-108580<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669686-108580<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdvancesOnInventoryPurchases">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value of capitalized payments made in advance for inventory that is expected to be received within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.8)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 8<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdvancesOnInventoryPurchases</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Assets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6801-107765<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 9<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3044-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 450<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14326-108349<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.25)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValueOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of all classes of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares exclude common shares repurchased by the entity and held as treasury shares.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockValueOutstanding</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CustomerAdvancesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The current portion of prepayments received from customers for goods or services to be provided in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CustomerAdvancesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CustomerAdvancesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The noncurrent portion of prepayments received from customers for goods or services to be provided in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.24)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CustomerAdvancesNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3(a)(2))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph k<br><br><br><br> -Subparagraph 2<br><br><br><br> -Article 4<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DueFromRelatedPartiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueToRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph k<br><br><br><br> -Subparagraph 1<br><br><br><br> -Article 4<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DueToRelatedPartiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 330<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 35<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386567&amp;loc=d3e3927-108312<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Liabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 32<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongTermDebtNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesAndLoansReceivableNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28367877&amp;loc=d3e4531-111522<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NotesAndLoansReceivableNetCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19, 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NotesPayableCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherAssetsNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherDeferredCreditsNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of unearned revenue or income not otherwise specified in the taxonomy which is expected to be taken into income after one year or beyond the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 13<br><br><br><br> -Section A<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 605<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 13.A.Q4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012821&amp;loc=d3e214044-122780<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherDeferredCreditsNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6911-107765<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6904-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherLiabilitiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 8<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PrepaidExpenseAndOtherAssetsCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of amounts paid in advance for expenses which will be charged against earnings in periods after one year or beyond the operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PrepaidExpenseNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 8<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
                  </tr>
                  <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
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                <p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568447-111683<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568740-111683<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 4I<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4590271-111686<br><br><br><br><br><br><br><br></p>
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                <p>The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23315-112656<br><br><br><br><br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>COMMITMENTS AND CONTINGENCIES (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>COMMITMENTS AND CONTINGENCIES [Abstract]</strong></a></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock', window );">Schedule of Future Minimum Lease Payments</a></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Future minimum lease payments are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
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<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Year ending December 31</td>
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
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<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 80%; background-color: #cceeff;">2015</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 17%; background-color: #cceeff;"><font>1,071,287</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">2016</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,071,287</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">2017</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;">&#160;</td>
<td style="font-size: 1pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-size: 1pt; text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-indent: 10pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>2,142,574</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EPECI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)<br></strong></div>
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          <div>Total</div>
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          <div>Ordinary shares [Member]</div>
        </th>
        <th class="th">
          <div>Treasury stock [Member]</div>
        </th>
        <th class="th">
          <div>Additional paid in capital [Member]</div>
        </th>
        <th class="th">
          <div>Accumulated Loss [Member]</div>
        </th>
        <th class="th">
          <div>Accumulated other comprehensive income [Member]</div>
        </th>
        <th class="th">
          <div>Noncontrolling interest [Member]</div>
        </th>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2011</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 452,026,227</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">$ 17,571</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">$ 142,511,581</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">$ 150,204,956</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">$ 18,444,123</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember]" onclick="toggleNextSibling(this);">$ 140,847,996</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_NoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance, shares at Dec. 31, 2011</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">175,714,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">(115,637,415)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss[us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember]" onclick="toggleNextSibling(this);">(3,708,474)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_NoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Other comprehensive income</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">3,838,790</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">2,206,182</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember]" onclick="toggleNextSibling(this);">1,632,608</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_NoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredParValueMethod', window );">Stock Repurchases</a></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod" onclick="toggleNextSibling(this);">(500,724)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod</span><span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">(283)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(494,928)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredParValueMethod[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">(5,513)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredParValueMethod<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Stock Repurchases, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockSharesAcquired[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">(2,836,670)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockSharesAcquired<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses', window );">Disposal of Nanjing Daqo New Energy Co., Ltd</a></td>
        <td class="num"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses" onclick="toggleNextSibling(this);">(1,099,299)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">(1,099,299)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2012</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">340,877,413</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,288</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(494,928)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">144,755,902</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">38,276,015</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">19,551,006</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember]" onclick="toggleNextSibling(this);">138,772,130</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_NoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance, shares at Dec. 31, 2012</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">172,877,433</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">(221,090,508)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss[us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember]" onclick="toggleNextSibling(this);">(150,147,024)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_NoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Other comprehensive income</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">5,543,033</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">4,148,190</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember]" onclick="toggleNextSibling(this);">1,394,843</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_NoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation', window );">Deconsolidation of Daqo New Material Co., Ltd.</a></td>
        <td class="nump"><a title="us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" onclick="toggleNextSibling(this);">9,980,051</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation[us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember]" onclick="toggleNextSibling(this);">9,980,051</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_NoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" onclick="toggleNextSibling(this);">135,171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">96,256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">38,860</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">550,420</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2013</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">137,326,561</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">17,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">146,676,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">(32,667,469)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">23,699,196</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance, shares at Dec. 31, 2013</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">173,427,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
        <td class="nump"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProfitLoss[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Other comprehensive income</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">(3,662,013)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">(3,662,013)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">54,624,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">5,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">54,619,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesOther', window );">Follow-on equity offering, net of issuance costs, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesOther[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">50,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesOther<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Options Exercised</a></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" onclick="toggleNextSibling(this);">37,080</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">37,065</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">150,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2014</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 206,768,070</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">$ 22,358</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">$ (398,672)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">$ 203,125,494</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">$ (16,018,293)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">$ 20,037,183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Balance, shares at Dec. 31, 2014</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SharesIssued[us-gaap_StatementEquityComponentsAxis=dq_CommonStockOutstandingMember]" onclick="toggleNextSibling(this);">223,577,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= dq_CommonStockOutstandingMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation".</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 35<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415241&amp;loc=d3e4534-113899<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32706628&amp;loc=d3e11149-113907<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32706628&amp;loc=d3e11178-113907<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of foreign currency translation gains or losses included in the disposal group, whether or not a component of the entity (discontinued operation), that were previously reported in accumulated other comprehensive Income or Loss.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 20<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6915805&amp;loc=d3e32211-110900<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of the reduction or elimination during the period of a noncontrolling interest resulting from the parent's loss of control and deconsolidation of the entity in which one or more outside parties had a noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669619-108580<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591552-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591551-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SharesIssued</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568447-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568740-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4I<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4590271-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesOther</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of share options (or share units) exercised during the current period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28,29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iv)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueOther</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of stock issued as a result of the exercise of stock options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockSharesAcquired">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares that have been repurchased during the period and are being held in treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockSharesAcquired</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValueAcquiredParValueMethod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the par value method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockValueAcquiredParValueMethod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EZWAE">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>BORROWINGS (Short-Term Borrowings) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBankLoansAndNotesPayable', window );">Short-term credit bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable" onclick="toggleNextSibling(this);">$ 90,443,007</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable" onclick="toggleNextSibling(this);">$ 68,821,014</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Interest rate on short-term bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_ShortTermDebtWeightedAverageInterestRate" onclick="toggleNextSibling(this);">6.80%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermDebtWeightedAverageInterestRate</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShortTermDebtWeightedAverageInterestRate" onclick="toggleNextSibling(this);">6.40%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermDebtWeightedAverageInterestRate</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Bank Facilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Maximum borrowing capacity of credit line</a></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">8,500,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_ShortTermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">18,200,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_ShortTermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember', window );">Debt Guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xinag Xu [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBankLoansAndNotesPayable', window );">Short-term credit bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable[us-gaap_DebtInstrumentAxis=dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember]" onclick="toggleNextSibling(this);">27,389,890</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable<br>/ us-gaap_DebtInstrumentAxis<br>= dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable[us-gaap_DebtInstrumentAxis=dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember]" onclick="toggleNextSibling(this);">28,080,770</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable<br>/ us-gaap_DebtInstrumentAxis<br>= dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember', window );">Debt Guaranteed by Daqo Group and Third Party [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBankLoansAndNotesPayable', window );">Short-term credit bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable[us-gaap_DebtInstrumentAxis=dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember]" onclick="toggleNextSibling(this);">11,278,190</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable<br>/ us-gaap_DebtInstrumentAxis<br>= dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable[us-gaap_DebtInstrumentAxis=dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember]" onclick="toggleNextSibling(this);">11,562,670</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable<br>/ us-gaap_DebtInstrumentAxis<br>= dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=dq_ShortTermCreditBorrowingsMember', window );">Short-term Credit Borrowings [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBankLoansAndNotesPayable', window );">Short-term credit bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable[us-gaap_DebtInstrumentAxis=dq_ShortTermCreditBorrowingsMember]" onclick="toggleNextSibling(this);">$ 51,774,927</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable<br>/ us-gaap_DebtInstrumentAxis<br>= dq_ShortTermCreditBorrowingsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable[us-gaap_DebtInstrumentAxis=dq_ShortTermCreditBorrowingsMember]" onclick="toggleNextSibling(this);">$ 29,177,574</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable<br>/ us-gaap_DebtInstrumentAxis<br>= dq_ShortTermCreditBorrowingsMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(b),22(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19, 22<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBankLoansAndNotesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount at the balance sheet date of borrowings from a bank, not elsewhere enumerated in the taxonomy, with a maturity within one year (or within one operating cycle if longer) from the date of borrowing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(a)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 16<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShortTermBankLoansAndNotesPayable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShortTermDebtLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtWeightedAverageInterestRate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average interest rate of short-term debt outstanding.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Subparagraph b<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShortTermDebtWeightedAverageInterestRate</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
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                    <td>instant</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=dq_DebtGuaranteedByDaqoGroupAndMrGuangfuXuAndMrXinagXuMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=dq_DebtGuaranteedByDaqoGroupAndThirdPartyMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=dq_ShortTermCreditBorrowingsMember</td>
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                  <tr>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>INVENTORIES (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
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          <div>Dec. 31, 2014</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInventoryCurrentTableTextBlock', window );">Schedule of Inventories</a></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Inventories consist of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;">

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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<tr style="background-color: #ffffff;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 70%; background-color: rgb(204, 238, 255);">Raw materials</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: rgb(204, 238, 255);"><font>2,084,050</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: rgb(204, 238, 255);"><font>1,362,944</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Work-in-process</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>4,666,821</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">Finished goods</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: left; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;">&#160;</td>
<td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: right; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"><font>3,749,385</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: left; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;">&#160;</td>
<td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: right; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"><font>2,807,480</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px;">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><strong><font>10,500,256</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><strong><font>9,581,784</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
</tr>

</table>
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</div><span></span></td>
      </tr>
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    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryDisclosureAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
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            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInventoryCurrentTableTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 2<br><br> -Paragraph 6<br><br> -Subparagraph a,b,c<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EZGAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
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        <th class="th">
          <div>Dec. 31, 2012</div>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedContributionPlanCostRecognized', window );">Defined contribution plan expenses</a></td>
        <td class="nump"><a title="us-gaap_DefinedContributionPlanCostRecognized" onclick="toggleNextSibling(this);">$ 3,130,308</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DefinedContributionPlanCostRecognized</span><span></span></td>
        <td class="nump"><a title="us-gaap_DefinedContributionPlanCostRecognized" onclick="toggleNextSibling(this);">$ 3,142,213</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DefinedContributionPlanCostRecognized</span><span></span></td>
        <td class="nump"><a title="us-gaap_DefinedContributionPlanCostRecognized" onclick="toggleNextSibling(this);">$ 3,325,383</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DefinedContributionPlanCostRecognized</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAppropriated', window );">Appropriated from accumulated loss</a></td>
        <td class="nump"><a title="us-gaap_RetainedEarningsAppropriated" onclick="toggleNextSibling(this);">20,190,729</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAppropriated</span><span></span></td>
        <td class="nump"><a title="us-gaap_RetainedEarningsAppropriated" onclick="toggleNextSibling(this);">16,803,191</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAppropriated</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityRestrictions', window );">Restrictions of statutory reserves</a></td>
        <td class="nump"><a title="us-gaap_EquityRestrictions" onclick="toggleNextSibling(this);">$ 182,840,330</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EquityRestrictions</span><span></span></td>
        <td class="nump"><a title="us-gaap_EquityRestrictions" onclick="toggleNextSibling(this);">$ 124,814,365</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EquityRestrictions</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of the cost recognized during the period for defined contribution plans.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 715<br><br> -SubTopic 70<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6414718&amp;loc=d3e28014-114942<br><br><br><br></p>
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                <p>Disclosure of the amount of equity that is restricted to use by regulation or agreement.</p>
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                <p>No definition available.</p>
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                <p>A segregation of retained earnings which is unavailable for dividend distribution. Includes also retained earnings appropriated for loss contingencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 31<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.30(a)(3)(i))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6403732&amp;loc=d3e21332-112643<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.23(4))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6403732&amp;loc=d3e21346-112643<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 24<br><br> -Subparagraph a(4)<br><br> -Article 7<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SHARE BASED COMPENSATION<br></strong></div>
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      <tr>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>14. SHARE BASED COMPENSATION</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In December 2014, The Company's shareholders adopted the 2014 share incentive plan. The Company's shareholders have authorized the issuance of up to <font>21,000,000</font> ordinary shares underlying all options (including incentive share options, or ISOs), restricted shares and restricted share units granted to a participant under the plan, or the awards.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">During the years ended December 31, 2012, 2013 and 2014, the Company granted <font>1,190,000</font>&#160;and&#160;<font>140,000</font> and <font>6,274,166</font> share options respectively to its officers, directors and employees, respectively.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On January 28, 2014, the Company granted options to acquire <font>566,666</font>&#160;ordinary shares to independent directors of the Company pursuant to the Option Plan. Twenty-five&#160;percent (<font>25</font>%) of the options will vest half- year following the service inception date,&#160;twenty-five&#160;percent (<font>25</font>%) of the options will vest on the second half year of service inception date, and the remaining forty percent (<font>50</font>%) of the options will vest in <font>twenty-four</font> equal installments over the next <font>two</font> years. The exercise price is $<font>1.49</font>.<br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On January 28, 2014, the Company granted options to acquire <font>5,707,500</font> ordinary shares to employees and executive officers of the Company pursuant to the Option Plan. Twenty-five&#160;percent (<font>25</font>%) of the options will vest half- year following the service inception date, twenty-five&#160;percent (<font>25</font>%) of the options will vest on the second half year of service inception date, and the remaining forty percent (<font>50</font>%) of the options will vest in <font>thirty-six</font> equal installments over the next <font>three</font> years. The exercise price is $<font>1.49</font>.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Company utilized the Binomial option pricing model to evaluate the fair value of the stock options with reference to the closing price of the Company on the measurement dates.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following assumptions were used in the Binomial option pricing model:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
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<td align="center" style="font-family: 'Times New Roman';">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="31" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year Ended December 31, 2013</strong></td>
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<td style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Options<br/> granted</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Average<br/> risk-free<br/> rate of<br/> return</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Exercise<br/> multiple</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Volatility<br/> rate</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Dividend<br/> yield</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Post-<br/> vesting<br/> forfeiture<br/> rate</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-indent: 0pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;">April 3, 2013</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>2.29</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>2.8</font></font><font style="font: 10pt Times New Roman, Times, Serif;">&#160;times</font></td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>51.78</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>0</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>3</font>%</td>
<td style="text-align: left; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td align="center" style="font-family: 'Times New Roman';">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="31" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year Ended December 31, 2014</strong></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Options<br/> granted</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Average<br/> risk-free<br/> rate of<br/> return</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Exercise<br/> multiple</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Volatility<br/> rate</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Dividend<br/> yield</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="5" align="center" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Post-<br/> vesting<br/> forfeiture<br/> rate</strong></td>
<td align="center" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-indent: 0pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;">January 28, 2014<br/></td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>2.77</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>3.0</font></font><font style="font: 10pt Times New Roman, Times, Serif;"><font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #cceeff;">-</font>3.5</font> times</font></td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>93.0</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>0</font>%</td>
<td style="border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; text-align: right; background-color: #cceeff;">&#160;</td>
<td colspan="4" style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 10%; text-align: right; background-color: #cceeff;"><font>3</font><font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: #cceeff;">-</font>9.5</font>%</td>
<td style="text-align: left; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>

</table>
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</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The risk-free rate of return is based on the yield curve of China USD sovereign bond commensurate with the same maturity at the respective grant dates. The exercise multiple is estimated by reference to the proprietary research and empirical studies. The expected volatility is based on the average of historical daily annualized share price volatility of 6 comparable companies over a normalized period that commensurate with the option life of <font>10</font> years. The post-vesting forfeiture rate is based on the historical data and management's best&#160;estimation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">A summary of the aggregate option activity and information regarding options outstanding as of December 31, 2014 is as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Number&#160;of<br/> Options</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Weighted<br/> Average<br/> Exercise<br/> Price</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Weighted<br/> Average<br/> Remaining<br/> Contract&#160;Life</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Aggregate<br/> Intrinsic<br/> Value</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; width: 40%; padding-left: 0px; padding-top: 0px; background-color: #cceeff;">Options outstanding on January 1, 2014</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>6,371,250</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>0.25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 12%; background-color: #cceeff;"><br/></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 12%; background-color: #cceeff;"><br/></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-left: 10px; padding-top: 0px;">Granted</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6,274,166</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1.49</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding-left: 10px; padding-top: 0px; background-color: #cceeff;">Forfeited</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(112,500</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1.49</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding-left: 10px; padding-top: 0px;">Expired</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(7,500</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1.49</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding-left: 10px; padding-top: 0px; background-color: #cceeff;">Exercised</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(150,000</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>0.25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 5px; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Options outstanding on December 31, 2014</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>12,375,416</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>0.87</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>7.23</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,016,816</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Options vested or expected to vest on December 31, 2014</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>8,693,171</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>0.47</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>6.02</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>5,763,445</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Options exercisable on December 31, 2014</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>7,353,583</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>0.51</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6.07</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>4,689,250</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The share-based compensation charge related to the share options of approximately$<font>2,249,834</font>&#160;and $<font>1,881,401</font> and $<font>1,792,819</font> was recognized by the Company for the years ended December 31, 2012, 2013 and 2014, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The weighted average grant date fair value of options granted during the year ended December 31, 2012, 2013 and 2014 was $<font>0.23</font>&#160;and $<font>0.11</font> and $<font>0.98</font>, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">As of December 31, 2014, there was $<font>4,700,682</font> in total unrecognized compensation cost related to non-vested stock options, which is expected to be recognized over a weighted-average period of <font>2.97</font>&#160;years.</p>
</div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 50<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6406099&amp;loc=d3e25284-112666<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6418621&amp;loc=d3e17540-113929<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5444-113901<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 14<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>PROPERTY, PLANT AND EQUIPMENT, NET (Tables)<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Property, plant and equipment, net, consist of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">Cost</td>
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 70%;">Buildings and plant</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"><font>235,690,310</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"><font>233,230,935</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">Machinery and equipment</td>
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>355,429,064</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>351,409,724</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Furniture, fixtures and equipment</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>21,329,752</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>18,469,913</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">Motor vehicles</td>
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>262,562</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>257,408</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Less: Accumulated depreciation</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(145,031,744</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(169,264,463</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">Property, plant and equipment, net</td>
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>467,679,944</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>434,103,517</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Construction in process</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20,824,239</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>124,902,602</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>488,504,183</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>559,006,119</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>

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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNetAbstract</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.13)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 13<br><br> -Subparagraph b<br><br> -Article 5<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>EARNINGS PER SHARE<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>EARNINGS PER SHARE [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">EARNINGS PER SHARE</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>16. EARNINGS PER SHARE</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The calculation of earnings per share is as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Numerator used in basic and diluted earnings per share:</strong></td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 61%;">Net (loss) income attributable to Daqo New Energy Corp. ordinary shareholders&#151;basic and diluted</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(111,928,891</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">)&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>(70,943,484</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">)&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>16,649,176</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Denominator used in basic and diluted earnings per share:</strong></td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;">Weighted average number of ordinary shares outstanding used in computing earnings per share&#151;basic</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>175,067,343</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>173,068,420</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>206,349,976</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Plus: share options</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>5,003,667</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Weighted average number of ordinary shares outstanding used in computing earnings per share&#151;diluted</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>175,067,343</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>173,068,420</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>211,353,643</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&#151;Basic</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(0.64</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">)&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(0.41</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>0.08</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;">NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE&#151;Diluted</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;">$</td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>(0.64</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;">$</td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>(0.41</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;">$</td>
<td style="border-color: #000000; border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>0.08</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"></td>
</tr>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Outstanding employee options totaling of <font>7,179,500</font>, <font>6,371,250</font> and <font>6,154,166</font> were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive for the year ended December 31, 2012, 2013 and 2014, respectively.</p>

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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ENVAE">
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          <div style="width: 200px;"><strong>INCOME TAXES (Schedule of Deferred Income Tax Assets and Liabilities) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGrossAbstract', window );"><strong>Deferred tax assets:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards', window );">Net operating loss carried forward</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" onclick="toggleNextSibling(this);">$ 27,349,606</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwards</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" onclick="toggleNextSibling(this);">$ 29,784,578</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwards</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsInventory', window );">Inventory write-down</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsInventory" onclick="toggleNextSibling(this);">26,141</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsInventory</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsInventory" onclick="toggleNextSibling(this);">1,531,750</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsInventory</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts', window );">Bad debt provision</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts" onclick="toggleNextSibling(this);">478,367</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts" onclick="toggleNextSibling(this);">1,518,953</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwards', window );">Government grants related to assets</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsTaxCreditCarryforwards" onclick="toggleNextSibling(this);">498,582</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwards</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsTaxCreditCarryforwards" onclick="toggleNextSibling(this);">423,938</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwards</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses', window );">Long-lived asset impairment &amp; depreciation</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses" onclick="toggleNextSibling(this);">21,009,037</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses" onclick="toggleNextSibling(this);">23,083,996</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOther', window );">Others</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsOther" onclick="toggleNextSibling(this);">748,018</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsOther</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsOther" onclick="toggleNextSibling(this);">290,652</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGross', window );">Sub-total</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsGross" onclick="toggleNextSibling(this);">50,109,751</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsGross</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsGross" onclick="toggleNextSibling(this);">56,633,867</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsGross</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Valuation Allowance</a></td>
        <td class="num"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">(50,109,751)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="num"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">(56,633,867)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="num"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">(37,682,733)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNet', window );">Total</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetClassificationAbstract', window );"><strong>Deferred tax assets are analyzed as:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetCurrent', window );">Current</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetNoncurrent', window );">Non-current</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Deferred Tax Asset<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510090<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGross</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGrossAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGrossAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsInventory">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from inventory.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=29652012&amp;loc=d3e28680-109314<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsInventory</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetClassificationAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNetClassificationAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31917-109318<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31931-109318<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31928-109318<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31958-109318<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNetCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31917-109318<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31931-109318<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31928-109318<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31958-109318<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNetNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 20<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=29652012&amp;loc=d3e28680-109314<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwards</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=29652012&amp;loc=d3e28680-109314<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOther</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The tax effect as of the balance sheet date of the amount of future tax deductions arising from all unused tax credit carryforwards which have been reduced by a valuation allowance.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Carryforwards<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506874<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwards</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the allowance for doubtful accounts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 20<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=29652012&amp;loc=d3e28680-109314<br><br><br><br></p>
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                  <tr>
                    <td><strong> Name:</strong></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 20<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=29652012&amp;loc=d3e28680-109314<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
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                    <td>us-gaap_</td>
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                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Period Type:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EX6BI">
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          <div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)<br></strong></div>
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        <th class="th" colspan="3">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2014</div>
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          <div>Dec. 31, 2013</div>
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        <th class="th">
          <div>Dec. 31, 2012</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract', window );"><strong>Operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
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        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">$ (221,090,508)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">$ (115,637,415)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentCharges', window );">Long-lived assets impairment</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_AssetImpairmentCharges" onclick="toggleNextSibling(this);">158,424,827</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetImpairmentCharges" onclick="toggleNextSibling(this);">42,754,481</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges</span><span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryWriteDown', window );">Inventory write-down</a></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">175,568</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">29,905,734</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
        <td class="nump"><a title="us-gaap_InventoryWriteDown" onclick="toggleNextSibling(this);">14,821,620</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InventoryWriteDown</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvisionForDoubtfulAccounts', window );">Allowance for doubtful accounts</a></td>
        <td class="num"><a title="us-gaap_ProvisionForDoubtfulAccounts" onclick="toggleNextSibling(this);">(3,823,744)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProvisionForDoubtfulAccounts</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProvisionForDoubtfulAccounts" onclick="toggleNextSibling(this);">5,482,019</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProvisionForDoubtfulAccounts</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProvisionForDoubtfulAccounts" onclick="toggleNextSibling(this);">359,733</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProvisionForDoubtfulAccounts</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation of property, plant and equipment</a></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">28,007,943</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">52,250,595</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
        <td class="nump"><a title="us-gaap_Depreciation" onclick="toggleNextSibling(this);">37,371,791</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Depreciation</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax', window );">Gain on disposition of Nanjing Daqo</a></td>
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        <td class="num"><a title="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" onclick="toggleNextSibling(this);">(1,099,299)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertyPlantEquipment', window );">Loss on disposal of Property Plant and Equipment</a></td>
        <td class="nump"><a title="us-gaap_GainLossOnSaleOfPropertyPlantEquipment" onclick="toggleNextSibling(this);">314,728</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnSaleOfPropertyPlantEquipment</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in operating assets and liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsReceivable', window );">Accounts receivable</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInAccountsReceivable" onclick="toggleNextSibling(this);">4,775,333</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccountsReceivable</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInAccountsReceivable" onclick="toggleNextSibling(this);">12,431,119</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccountsReceivable</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInAccountsReceivable" onclick="toggleNextSibling(this);">(10,295,169)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccountsReceivable</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInNotesReceivableCurrent', window );">Note receivables</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInNotesReceivableCurrent" onclick="toggleNextSibling(this);">(34,702,180)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInNotesReceivableCurrent</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInNotesReceivableCurrent" onclick="toggleNextSibling(this);">(11,496,473)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInNotesReceivableCurrent</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInNotesReceivableCurrent" onclick="toggleNextSibling(this);">(2,633,764)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInNotesReceivableCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other current assets</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" onclick="toggleNextSibling(this);">10,217,835</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" onclick="toggleNextSibling(this);">29,616</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" onclick="toggleNextSibling(this);">(15,042,913)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_IncreaseDecreaseInAdvancePayments', window );">Advances to suppliers</a></td>
        <td class="num"><a title="dq_IncreaseDecreaseInAdvancePayments" onclick="toggleNextSibling(this);">(513,373)</a><span style="display:none;white-space:normal;text-align:left;">dq_IncreaseDecreaseInAdvancePayments</span><span></span></td>
        <td class="num"><a title="dq_IncreaseDecreaseInAdvancePayments" onclick="toggleNextSibling(this);">(122,753)</a><span style="display:none;white-space:normal;text-align:left;">dq_IncreaseDecreaseInAdvancePayments</span><span></span></td>
        <td class="nump"><a title="dq_IncreaseDecreaseInAdvancePayments" onclick="toggleNextSibling(this);">2,098,761</a><span style="display:none;white-space:normal;text-align:left;">dq_IncreaseDecreaseInAdvancePayments</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Inventories</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInInventories" onclick="toggleNextSibling(this);">484,562</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInInventories</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInInventories" onclick="toggleNextSibling(this);">(25,270,470)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInInventories</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInInventories" onclick="toggleNextSibling(this);">(6,745,803)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInInventories</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent', window );">Amount due from related parties</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">2,193,604</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">(6,853,965)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">8,418,601</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent', window );">Prepaid land use rights</a></td>
        <td class="nump"><a title="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" onclick="toggleNextSibling(this);">623,413</a><span style="display:none;white-space:normal;text-align:left;">dq_IncreaseDecreaseInPrepaidExpensesNoncurrent</span><span></span></td>
        <td class="nump"><a title="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" onclick="toggleNextSibling(this);">264,549</a><span style="display:none;white-space:normal;text-align:left;">dq_IncreaseDecreaseInPrepaidExpensesNoncurrent</span><span></span></td>
        <td class="num"><a title="dq_IncreaseDecreaseInPrepaidExpensesNoncurrent" onclick="toggleNextSibling(this);">(841,195)</a><span style="display:none;white-space:normal;text-align:left;">dq_IncreaseDecreaseInPrepaidExpensesNoncurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherNoncurrentAssets', window );">Other non-current assets</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" onclick="toggleNextSibling(this);">229,688</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherNoncurrentAssets</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" onclick="toggleNextSibling(this);">4,513,271</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherNoncurrentAssets</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" onclick="toggleNextSibling(this);">4,645,277</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherNoncurrentAssets</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts payable</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInAccountsPayable" onclick="toggleNextSibling(this);">(475,966)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccountsPayable</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInAccountsPayable" onclick="toggleNextSibling(this);">5,349,428</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccountsPayable</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInAccountsPayable" onclick="toggleNextSibling(this);">3,249,172</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccountsPayable</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInNotesPayableCurrent', window );">Note payables</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInNotesPayableCurrent" onclick="toggleNextSibling(this);">31,992,814</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInNotesPayableCurrent</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInNotesPayableCurrent" onclick="toggleNextSibling(this);">(19,760,436)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInNotesPayableCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInNotesPayableCurrent" onclick="toggleNextSibling(this);">16,776,966</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInNotesPayableCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities', window );">Accrued expenses and other current liabilities</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" onclick="toggleNextSibling(this);">1,677,622</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" onclick="toggleNextSibling(this);">468,946</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" onclick="toggleNextSibling(this);">(150,005)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable', window );">Income tax payable</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" onclick="toggleNextSibling(this);">(160,480)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" onclick="toggleNextSibling(this);">(8,052,589)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInCustomerAdvances', window );">Advances from customers</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInCustomerAdvances" onclick="toggleNextSibling(this);">(13,813,120)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInCustomerAdvances</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInCustomerAdvances" onclick="toggleNextSibling(this);">(4,254,342)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInCustomerAdvances</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInCustomerAdvances" onclick="toggleNextSibling(this);">(8,794,585)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInCustomerAdvances</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent', window );">Amount due to related parties</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">(453,075)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">(415,960)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent" onclick="toggleNextSibling(this);">14,047,531</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherDeferredLiability', window );">Deferred government subsidies</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInOtherDeferredLiability" onclick="toggleNextSibling(this);">266,082</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherDeferredLiability</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInOtherDeferredLiability" onclick="toggleNextSibling(this);">482,563</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherDeferredLiability</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInOtherDeferredLiability" onclick="toggleNextSibling(this);">618,958</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherDeferredLiability</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes', window );">Deferred tax assets</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" onclick="toggleNextSibling(this);">1,415,502</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDeferredIncomeTaxes</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" onclick="toggleNextSibling(this);">11,572,778</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDeferredIncomeTaxes</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations', window );">Net cash (used in) provided by operating activities</a></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">45,619,729</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(16,525,817)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(10,307,234)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchases of property, plant and equipment</a></td>
        <td class="num"><a title="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" onclick="toggleNextSibling(this);">(77,028,755)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" onclick="toggleNextSibling(this);">(32,504,507)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" onclick="toggleNextSibling(this);">(105,659,395)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInRestrictedCash', window );">(Decrease)/Increase in restricted cash</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInRestrictedCash" onclick="toggleNextSibling(this);">(13,560,277)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInRestrictedCash</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInRestrictedCash" onclick="toggleNextSibling(this);">1,823,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInRestrictedCash</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInRestrictedCash" onclick="toggleNextSibling(this);">80,435</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInRestrictedCash</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested', window );">Proceeds from disposition of Nanjing Daqo</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" onclick="toggleNextSibling(this);">2,656,490</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashDivestedFromDeconsolidation', window );">Decrease in cash on deconsolidation of Daqo New Material</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_CashDivestedFromDeconsolidation" onclick="toggleNextSibling(this);">(15,241)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashDivestedFromDeconsolidation</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations', window );">Net cash used in investing activities</a></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(90,589,032)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(30,696,113)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(102,922,470)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRelatedPartyDebt', window );">Proceeds from related parties loans</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromRelatedPartyDebt" onclick="toggleNextSibling(this);">275,134,122</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromRelatedPartyDebt</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromRelatedPartyDebt" onclick="toggleNextSibling(this);">157,271,287</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromRelatedPartyDebt</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromRelatedPartyDebt" onclick="toggleNextSibling(this);">1,645,923</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromRelatedPartyDebt</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfRelatedPartyDebt', window );">Repayment of related parties loans</a></td>
        <td class="num"><a title="us-gaap_RepaymentsOfRelatedPartyDebt" onclick="toggleNextSibling(this);">(275,088,560)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfRelatedPartyDebt</span><span></span></td>
        <td class="num"><a title="us-gaap_RepaymentsOfRelatedPartyDebt" onclick="toggleNextSibling(this);">(69,386,568)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfRelatedPartyDebt</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromBankDebt', window );">Proceeds from bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromBankDebt" onclick="toggleNextSibling(this);">176,114,553</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromBankDebt</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromBankDebt" onclick="toggleNextSibling(this);">74,551,991</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromBankDebt</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromBankDebt" onclick="toggleNextSibling(this);">129,572,090</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromBankDebt</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfBankDebt', window );">Repayment of bank borrowings</a></td>
        <td class="num"><a title="us-gaap_RepaymentsOfBankDebt" onclick="toggleNextSibling(this);">(186,549,888)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfBankDebt</span><span></span></td>
        <td class="num"><a title="us-gaap_RepaymentsOfBankDebt" onclick="toggleNextSibling(this);">(113,745,197)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfBankDebt</span><span></span></td>
        <td class="num"><a title="us-gaap_RepaymentsOfBankDebt" onclick="toggleNextSibling(this);">(103,573,459)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfBankDebt</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Purchase and retirement of treasury shares</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_PaymentsForRepurchaseOfCommonStock" onclick="toggleNextSibling(this);">(500,724)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForRepurchaseOfCommonStock</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from options exercised</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromStockOptionsExercised" onclick="toggleNextSibling(this);">37,080</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromStockOptionsExercised</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromStockOptionsExercised" onclick="toggleNextSibling(this);">135,171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromStockOptionsExercised</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfCommonStock', window );">Proceeds from follow-on equity offering</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromIssuanceOfCommonStock" onclick="toggleNextSibling(this);">58,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromIssuanceOfCommonStock</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfStockIssuanceCosts', window );">Insurance cost for follow-on equity offering</a></td>
        <td class="num"><a title="us-gaap_PaymentsOfStockIssuanceCosts" onclick="toggleNextSibling(this);">(3,375,553)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsOfStockIssuanceCosts</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations', window );">Net cash provided by financing activities</a></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">44,271,754</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">48,826,684</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">27,143,830</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents', window );">Effect of exchange rate changes on cash and cash equivalents</a></td>
        <td class="num"><a title="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" onclick="toggleNextSibling(this);">(65,052)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</span><span></span></td>
        <td class="num"><a title="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" onclick="toggleNextSibling(this);">(452,694)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</span><span></span></td>
        <td class="nump"><a title="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" onclick="toggleNextSibling(this);">67,800</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net (decrease) increase in cash and cash equivalents</a></td>
        <td class="num"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">(762,601)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">1,152,060</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</span><span></span></td>
        <td class="num"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">(86,018,074)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the beginning of the year</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">7,831,084</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">6,679,024</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">92,697,098</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the end of the year</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">7,068,483</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">7,831,084</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">6,679,024</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental disclosure of cash flow information:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaid', window );">Interest paid</a></td>
        <td class="nump"><a title="us-gaap_InterestPaid" onclick="toggleNextSibling(this);">17,771,457</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestPaid</span><span></span></td>
        <td class="nump"><a title="us-gaap_InterestPaid" onclick="toggleNextSibling(this);">19,657,071</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestPaid</span><span></span></td>
        <td class="nump"><a title="us-gaap_InterestPaid" onclick="toggleNextSibling(this);">15,555,495</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestPaid</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaid', window );">Income taxes paid</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_IncomeTaxesPaid" onclick="toggleNextSibling(this);">8,052,589</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxesPaid</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_SupplementalCashFlowInformationDivestituresAbstract', window );"><strong>Disposition and Deconsolidation:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashDivestedFromDeconsolidation', window );">Less: cash and cash equivalents disposed</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_CashDivestedFromDeconsolidation" onclick="toggleNextSibling(this);">(15,241)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashDivestedFromDeconsolidation</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested', window );">Net cash inflow on the disposition</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" onclick="toggleNextSibling(this);">2,656,490</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_NoncashInvestingActivitiesAbstract', window );"><strong>Supplemental schedule of non-cash investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalExpendituresIncurredButNotYetPaid', window );">Purchases of property, plant and equipment included in payable</a></td>
        <td class="nump"><a title="us-gaap_CapitalExpendituresIncurredButNotYetPaid" onclick="toggleNextSibling(this);">79,989,590</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CapitalExpendituresIncurredButNotYetPaid</span><span></span></td>
        <td class="nump"><a title="us-gaap_CapitalExpendituresIncurredButNotYetPaid" onclick="toggleNextSibling(this);">51,766,695</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CapitalExpendituresIncurredButNotYetPaid</span><span></span></td>
        <td class="nump"><a title="us-gaap_CapitalExpendituresIncurredButNotYetPaid" onclick="toggleNextSibling(this);">46,594,935</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CapitalExpendituresIncurredButNotYetPaid</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1', window );">Purchases of property, plant and equipment included in amount due to related parties</a></td>
        <td class="nump"><a title="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" onclick="toggleNextSibling(this);">5,651,053</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1</span><span></span></td>
        <td class="nump"><a title="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" onclick="toggleNextSibling(this);">940,135</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1</span><span></span></td>
        <td class="nump"><a title="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" onclick="toggleNextSibling(this);">5,678,393</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember', window );">Nanjing Daqo [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax', window );">Gain on disposition of Nanjing Daqo</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(1,099,299)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested', window );">Proceeds from disposition of Nanjing Daqo</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">2,656,490</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashDivestedFromDeconsolidation', window );">Decrease in cash on deconsolidation of Daqo New Material</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_CashDivestedFromDeconsolidation[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(2,122,167)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashDivestedFromDeconsolidation<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_SupplementalCashFlowInformationDivestituresAbstract', window );"><strong>Disposition and Deconsolidation:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived', window );">Total consideration</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="dq_SupplementalCashFlowInformationDivestituresConsiderationReceived[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">9,888,742</a><span style="display:none;white-space:normal;text-align:left;">dq_SupplementalCashFlowInformationDivestituresConsiderationReceived<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1', window );">Less: amount due from Daqo Group</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(5,110,085)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfBusinesses', window );">Total cash consideration received</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfBusinesses[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">4,778,657</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfBusinesses<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashDivestedFromDeconsolidation', window );">Less: cash and cash equivalents disposed</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_CashDivestedFromDeconsolidation[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">(2,122,167)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashDivestedFromDeconsolidation<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested', window );">Net cash inflow on the disposition</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested[us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember]" onclick="toggleNextSibling(this);">$ 2,656,490</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested<br>/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis<br>= dq_NanjingDaqoMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_IncreaseDecreaseInAdvancePayments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Increase (Decrease) in Advance Payments</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_IncreaseDecreaseInAdvancePayments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_IncreaseDecreaseInPrepaidExpensesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net change during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods, after one year or beyond the operating cycle, if longer..</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_IncreaseDecreaseInPrepaidExpensesNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_NoncashInvestingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_NoncashInvestingActivitiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_SupplementalCashFlowInformationDivestituresAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_SupplementalCashFlowInformationDivestituresAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Supplemental Cash Flow Information, Divestitures, Consideration Received.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_SupplementalCashFlowInformationDivestituresConsiderationReceived</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetImpairmentCharges">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=8077374&amp;loc=d3e2420-110228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetImpairmentCharges</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalExpendituresIncurredButNotYetPaid">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Future cash outflow to pay for purchases of fixed assets that have occurred.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CapitalExpendituresIncurredButNotYetPaid</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3044-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 230<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashDivestedFromDeconsolidation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reduction in cash due to no longer including the former subsidiary's cash in the consolidated entity's cash.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3213-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashDivestedFromDeconsolidation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Depreciation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Depreciation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 230<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertyPlantEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfPropertyPlantEquipment</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaid">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxesPaid</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsReceivable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and other operating obligations not separately disclosed in the statement of cash flows.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInCustomerAdvances">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the amount of prepayments by customers for goods or services to be provided at a later date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInCustomerAdvances</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDeferredIncomeTaxes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate increase (decrease) during the reporting period in the amount due from the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInventories">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInventories</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInNotesPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in current portion (due within one year or one business cycle) of obligations evidenced by formal promissory notes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInNotesPayableCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInNotesReceivableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period of amounts due within one year (or one business cycle) from note holders for outstanding loans.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInNotesReceivableCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherDeferredLiability">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other obligations not otherwise defined in the taxonomy where the payments will be made in future periods.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherDeferredLiability</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherNoncurrentAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherNoncurrentAssets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInRestrictedCash">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3213-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInRestrictedCash</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaid">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid for interest during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InterestPaid</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryWriteDown">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360613&amp;loc=d3e4542-108314<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InventoryWriteDown</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of fixed assets that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of noncash consideration received for selling an asset or business through a noncash (or part noncash) transaction.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to reacquire common stock during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfStockIssuanceCosts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for cost incurred directly with the issuance of an equity security.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsOfStockIssuanceCosts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3213-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromBankDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from bank borrowing during the year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3255-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromBankDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromDivestitureOfBusinesses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromDivestitureOfBusinesses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the cash inflow during the period from the sale of a component of the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from the additional capital contribution to the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3255-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfCommonStock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromRelatedPartyDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3255-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromRelatedPartyDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (j)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3255-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromStockOptionsExercised</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591552-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591551-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvisionForDoubtfulAccounts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 5<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProvisionForDoubtfulAccounts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfBankDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to settle a bank borrowing during the year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RepaymentsOfBankDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfRelatedPartyDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RepaymentsOfRelatedPartyDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SupplementalCashFlowInformationAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SupplementalCashFlowInformationAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=dq_NanjingDaqoMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EWIAC">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent', window );">Accounts receivable, allowance for doubtful accounts</a></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" onclick="toggleNextSibling(this);">$ 3,189,110</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" onclick="toggleNextSibling(this);">$ 7,160,782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Ordinary shares, par value</a></td>
        <td class="nump"><a title="us-gaap_CommonStockParOrStatedValuePerShare" onclick="toggleNextSibling(this);">$ 0.0001</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockParOrStatedValuePerShare</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockParOrStatedValuePerShare" onclick="toggleNextSibling(this);">$ 0.0001</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockParOrStatedValuePerShare</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Ordinary shares, shares authorized</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesAuthorized" onclick="toggleNextSibling(this);">500,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesAuthorized</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesAuthorized" onclick="toggleNextSibling(this);">500,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesAuthorized</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Ordinary shares, shares issued</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued" onclick="toggleNextSibling(this);">225,864,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued" onclick="toggleNextSibling(this);">175,714,103</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Ordinary shares, shares outstanding</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesOutstanding" onclick="toggleNextSibling(this);">223,577,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesOutstanding" onclick="toggleNextSibling(this);">173,427,853</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesOutstanding</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Treasury Stock, shares</a></td>
        <td class="nump"><a title="us-gaap_TreasuryStockShares" onclick="toggleNextSibling(this);">2,286,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockShares</span><span></span></td>
        <td class="nump"><a title="us-gaap_TreasuryStockShares" onclick="toggleNextSibling(this);">2,286,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockShares</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35738203&amp;loc=d3e5074-111524<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value per share of common stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
                  </tr>
                  <tr>
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                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
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                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockShares">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28,29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockShares</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td>xbrli:sharesItemType</td>
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                    <td>na</td>
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                    <td>instant</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Accrued expenses and other current liabilities consist of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<tr style="background-color: #ffffff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 70%; background-color: #cceeff;">Accrued payroll and welfare</td>
<td style="font-family: 'times new roman'; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>2,588,312</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>3,309,850</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>624,825</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>576,786</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Other tax payable</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1,378,963</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>2,263,055</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Interest payable</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>305,087</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>148,995</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Government subsidy</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>908,496</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 20px;">Contingent liability (Note 17)</td>
<td style="font-family: 'Times New Roman'; width: 20px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>400,000</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Others</td>
<td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"><font>1,655,938</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"><font>2,256,977</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; padding: 0px;"><strong>Total </strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>7,461,621</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>8,955,663</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(a),20,24)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20, 24<br><br> -Article 5<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EMOAC">
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        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2014</div>
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        <td class="text">Dec. 31,  2014<span></span></td>
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        <td class="text">0001477641<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
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        <td class="text">No<span></span></td>
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        <td class="nump"><a title="dei_EntityCommonStockSharesOutstanding" onclick="toggleNextSibling(this);">223,577,853</a><span style="display:none;white-space:normal;text-align:left;">dei_EntityCommonStockSharesOutstanding</span><span></span></td>
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                <p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>End date of current fiscal year in the format --MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_DocumentType</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dei_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:submissionTypeItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dei_</td>
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                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
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                <p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
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                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>Trading symbol of an instrument as listed on an exchange.</p>
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                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>10. ADVANCES FROM CUSTOMERS</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Advances from customers represent prepayments from customers and are recognized as revenue in accordance with the Group's revenue recognition policy.</p>
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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
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<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Customer A*</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
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<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,405,619</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Customer H</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>2,996,550</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%;">Others</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 1%; border-bottom-width: 1pt;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"><font>1,937,418</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 5px; white-space: nowrap; width: 1%; border-bottom-width: 1pt;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%;"><font>262,747</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>25,141,896</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>10,710,202</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Less: Current portion of advances from customers</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt;">$</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>13,217,775</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt;">$</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; border-color: #000000; padding: 0px; font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"><font>7,308,535</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Long term advances from customers</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>11,924,121</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; border-color: #000000; padding: 0px; font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>3,401,667</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<table border="0" cellspacing="0" cellpadding="0" style="width: 100%;">

<tr>
<td style="width: 1%; vertical-align: top;"><font style="font-size: 10pt;">*</font></td>
<td style="width: 99%;">
<div>Pursuant to the terms of the Group's revised supply agreement with this customer the Group&#160;will deliver monthly amounts of polysilicon, totaling no less than RMB<font>2.4</font> million (equivalent of $<font>0.4</font> million) from April 2014 to September 2016, or until such time as the advance has been fully utilized.</div>
</td>
</tr>

</table>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
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                <p>The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6935-107765<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 13<br><br> -Section A<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 13.A.3(b).Q1(c),(b).Q2,(c).Q3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012821&amp;loc=d3e214044-122780<br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EVHAI">
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          <div style="width: 200px;"><strong>SUBSEQUENT EVENTS (Details)<br></strong></div>
        </th>
        <th class="th" colspan="2">1 Months Ended</th>
        <th class="th" colspan="7">12 Months Ended</th>
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</div>
          <div>USD ($)</div>
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</div>
          <div>USD ($)</div>
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</div>
          <div>USD ($)</div>
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</div>
          <div>USD ($)</div>
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</div>
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</div>
          <div>Scenario, Previously Reported [Member]

</div>
          <div>USD ($)</div>
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        <th class="th">
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</div>
          <div>Employee Stock Option [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Employee Stock Option [Member]</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012

</div>
          <div>Employee Stock Option [Member]</div>
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        <th class="th">
          <div>Jan. 28, 2014

</div>
          <div>Independent Directors [Member]

</div>
          <div>Employee Stock Option [Member]</div>
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        <th class="th">
          <div>Jan. 28, 2014

</div>
          <div>Relevant Employees and Executive Officers [Member]

</div>
          <div>Employee Stock Option [Member]</div>
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        <th class="th">
          <div>Jan. 12, 2015

</div>
          <div>Subsequent Event [Member]

</div>
          <div>USD ($)</div>
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          <div>Feb. 28, 2015

</div>
          <div>Subsequent Event [Member]

</div>
          <div>USD ($)</div>
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          <div>Jan. 31, 2015

</div>
          <div>Subsequent Event [Member]

</div>
          <div>Pingan Bank [Member]

</div>
          <div>USD ($)</div>
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          <div>Jan. 31, 2015

</div>
          <div>Subsequent Event [Member]

</div>
          <div>Pingan Bank [Member]

</div>
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        <th class="th">
          <div>Jan. 12, 2015

</div>
          <div>Subsequent Event [Member]

</div>
          <div>Employee Stock Option [Member]</div>
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        <th class="th">
          <div>Jan. 12, 2015

</div>
          <div>Subsequent Event [Member]

</div>
          <div>Independent Directors [Member]

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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventLineItems', window );"><strong>Subsequent Event [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Options granted</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">6,274,166</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">140,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">1,190,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_IndependentDirectorsMember]" onclick="toggleNextSibling(this);">566,666</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_IndependentDirectorsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_TitleOfIndividualAxis=dq_RelevantEmployeesAndExecutiveOfficersMember]" onclick="toggleNextSibling(this);">5,707,500</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_RelevantEmployeesAndExecutiveOfficersMember</span><span></span></td>
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        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">6,534,375</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember;us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember;us-gaap_TitleOfIndividualAxis=dq_IndependentDirectorsMember]" onclick="toggleNextSibling(this);">600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember<br>/ us-gaap_TitleOfIndividualAxis<br>= dq_IndependentDirectorsMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice[us-gaap_StatementScenarioAxis=us-gaap_ScenarioPreviouslyReportedMember]" onclick="toggleNextSibling(this);">$ 1.49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice<br>/ us-gaap_StatementScenarioAxis<br>= us-gaap_ScenarioPreviouslyReportedMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 1.49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice[us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">$ 0.87</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_DepositarySharesIssuedDuringPeriodShares', window );">America depositary shares (ADSs) issued, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_DepositarySharesIssuedDuringPeriodShares" onclick="toggleNextSibling(this);">2,000,000</a><span style="display:none;white-space:normal;text-align:left;">dq_DepositarySharesIssuedDuringPeriodShares</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="dq_DepositarySharesIssuedDuringPeriodShares[us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">1,540,000</a><span style="display:none;white-space:normal;text-align:left;">dq_DepositarySharesIssuedDuringPeriodShares<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesOther', window );">Follow-on equity offering, net of issuance costs, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesOther" onclick="toggleNextSibling(this);">50,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesOther[us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">38,500,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesOther<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfStockIssuanceCosts', window );">Issuance cost for ordinary shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_PaymentsOfStockIssuanceCosts" onclick="toggleNextSibling(this);">$ (3,400,000)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsOfStockIssuanceCosts</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsOfStockIssuanceCosts" onclick="toggleNextSibling(this);">$ (3,375,553)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsOfStockIssuanceCosts</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_PaymentsOfStockIssuanceCosts[us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">$ (2,100,000)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsOfStockIssuanceCosts<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Follow-on equity offering, net of issuance costs</a></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">28,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">54,600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther" onclick="toggleNextSibling(this);">54,624,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueOther[us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">28,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueOther<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Maximum borrowing amount of credit facility</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_PinganBankMember;us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">32,200,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_PinganBankMember<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_PinganBankMember;us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">200,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_PinganBankMember<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsCurrentCarryingValue', window );">Amount guaranteed by the Company</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_GuaranteeObligationsCurrentCarryingValue[us-gaap_LineOfCreditFacilityAxis=dq_PinganBankMember;us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);">$ 6,500,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GuaranteeObligationsCurrentCarryingValue<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_PinganBankMember<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_GuaranteeObligationsCurrentCarryingValue[us-gaap_LineOfCreditFacilityAxis=dq_PinganBankMember;us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember]" onclick="toggleNextSibling(this);"> 40,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GuaranteeObligationsCurrentCarryingValue<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_PinganBankMember<br>/ us-gaap_SubsequentEventTypeAxis<br>= us-gaap_SubsequentEventMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_DepositarySharesIssuedDuringPeriodShares">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of depositary shares issued during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_DepositarySharesIssuedDuringPeriodShares</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuaranteeObligationsCurrentCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The current carrying amount of the liability for the freestanding or embedded guarantor's obligations under the guarantee or each group of similar guarantees.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 460<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6851643&amp;loc=d3e12069-110248<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GuaranteeObligationsCurrentCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(b),22(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19, 22<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfStockIssuanceCosts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for cost incurred directly with the issuance of an equity security.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsOfStockIssuanceCosts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross number of share options (or share units) granted during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesOther">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesOther</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueOther</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td>duration</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SubsequentEventLineItems</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E5QAI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 182,571,852</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 108,999,805</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">$ 86,858,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenueAbstract', window );"><strong>Cost of revenues</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Total cost of revenues</a></td>
        <td class="num"><a title="us-gaap_CostOfRevenue" onclick="toggleNextSibling(this);">(139,308,511)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue</span><span></span></td>
        <td class="num"><a title="us-gaap_CostOfRevenue" onclick="toggleNextSibling(this);">(135,103,408)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue</span><span></span></td>
        <td class="num"><a title="us-gaap_CostOfRevenue" onclick="toggleNextSibling(this);">(124,290,384)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CostOfRevenue</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross (loss) profit</a></td>
        <td class="nump"><a title="us-gaap_GrossProfit" onclick="toggleNextSibling(this);">43,263,341</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit</span><span></span></td>
        <td class="num"><a title="us-gaap_GrossProfit" onclick="toggleNextSibling(this);">(26,103,603)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit</span><span></span></td>
        <td class="num"><a title="us-gaap_GrossProfit" onclick="toggleNextSibling(this);">(37,431,983)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GrossProfit</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Operating (expenses) income:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Selling, general and administrative expenses</a></td>
        <td class="num"><a title="us-gaap_SellingGeneralAndAdministrativeExpense" onclick="toggleNextSibling(this);">(10,293,851)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_SellingGeneralAndAdministrativeExpense" onclick="toggleNextSibling(this);">(18,132,515)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_SellingGeneralAndAdministrativeExpense" onclick="toggleNextSibling(this);">(12,930,198)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and development expenses</a></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense" onclick="toggleNextSibling(this);">(1,486,978)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense" onclick="toggleNextSibling(this);">(3,391,012)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense" onclick="toggleNextSibling(this);">(4,130,533)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherOperatingIncome', window );">Other operating income, net</a></td>
        <td class="nump"><a title="us-gaap_OtherOperatingIncome" onclick="toggleNextSibling(this);">552,444</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherOperatingIncome</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherOperatingIncome" onclick="toggleNextSibling(this);">5,420,777</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherOperatingIncome</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherOperatingIncome" onclick="toggleNextSibling(this);">8,729,301</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherOperatingIncome</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse', window );">Long-lived asset impairment</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" onclick="toggleNextSibling(this);">(158,424,827)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</span><span></span></td>
        <td class="num"><a title="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" onclick="toggleNextSibling(this);">(42,754,481)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
        <td class="num"><a title="us-gaap_OperatingExpenses" onclick="toggleNextSibling(this);">(11,228,385)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingExpenses" onclick="toggleNextSibling(this);">(174,527,577)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingExpenses" onclick="toggleNextSibling(this);">(51,085,911)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">(Loss) income from operations</a></td>
        <td class="nump"><a title="us-gaap_OperatingIncomeLoss" onclick="toggleNextSibling(this);">32,034,956</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingIncomeLoss" onclick="toggleNextSibling(this);">(200,631,180)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingIncomeLoss" onclick="toggleNextSibling(this);">(88,517,894)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
        <td class="num"><a title="us-gaap_InterestExpense" onclick="toggleNextSibling(this);">(15,654,106)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_InterestExpense" onclick="toggleNextSibling(this);">(19,349,190)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_InterestExpense" onclick="toggleNextSibling(this);">(15,408,023)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest" onclick="toggleNextSibling(this);">324,118</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest" onclick="toggleNextSibling(this);">149,752</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest" onclick="toggleNextSibling(this);">990,117</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Exchange (loss) gain</a></td>
        <td class="num"><a title="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" onclick="toggleNextSibling(this);">(55,792)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" onclick="toggleNextSibling(this);">11,875</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</span><span></span></td>
        <td class="num"><a title="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" onclick="toggleNextSibling(this);">(55,800)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">(Loss) income before income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">(219,818,743)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">(102,991,600)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax expense</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">(1,271,765)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">(10,253,587)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest', window );">Net (loss) income from continuing operations</a></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">(221,090,508)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">(113,245,187)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax', window );">Total (loss) discontinued operations</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" onclick="toggleNextSibling(this);">(2,392,228)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
        <td class="nump"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">(221,090,508)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">(115,637,415)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Net (loss) income attributable to non-controlling interest</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">(150,147,024)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">(3,708,474)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net (loss) income attributable to Daqo New Energy Corp. ordinary shareholders</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>NET (LOSS) EARNINGS PER ORDINARY SHARE</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare', window );">Continuing operations</a></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" onclick="toggleNextSibling(this);">$ 0.08</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsPerBasicShare</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" onclick="toggleNextSibling(this);">$ (0.41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsPerBasicShare</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" onclick="toggleNextSibling(this);">$ (0.63)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsPerBasicShare</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare', window );">Discontinued operations</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" onclick="toggleNextSibling(this);">$ (0.01)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic-ordinary shares</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ 0.08</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ (0.41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ (0.64)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare', window );">Continuing operations</a></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" onclick="toggleNextSibling(this);">$ 0.08</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" onclick="toggleNextSibling(this);">$ (0.41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" onclick="toggleNextSibling(this);">$ (0.63)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare', window );">Discontinued operations</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" onclick="toggleNextSibling(this);">$ (0.01)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted-ordinary shares</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ 0.08</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ (0.41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
        <td class="num"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ (0.64)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>ORDINARY SHARES USED IN CALCULATING EARNINGS PER ORDINARY SHARE</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic-ordinary shares</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">206,349,976</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">173,068,420</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">175,067,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted-diluted shares</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">211,353,643</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">173,068,420</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">175,067,343</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProductOrServiceAxis=us-gaap_ProductMember', window );">Products [Member] | Third parties [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_NonrelatedPartyMember;us-gaap_ProductOrServiceAxis=us-gaap_ProductMember]" onclick="toggleNextSibling(this);">158,256,486</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_NonrelatedPartyMember<br>/ us-gaap_ProductOrServiceAxis<br>= us-gaap_ProductMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_NonrelatedPartyMember;us-gaap_ProductOrServiceAxis=us-gaap_ProductMember]" onclick="toggleNextSibling(this);">93,710,464</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_NonrelatedPartyMember<br>/ us-gaap_ProductOrServiceAxis<br>= us-gaap_ProductMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_NonrelatedPartyMember;us-gaap_ProductOrServiceAxis=us-gaap_ProductMember]" onclick="toggleNextSibling(this);">81,929,050</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_NonrelatedPartyMember<br>/ us-gaap_ProductOrServiceAxis<br>= us-gaap_ProductMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProductOrServiceAxis=us-gaap_ProductMember', window );">Products [Member] | Related parties [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=us-gaap_AffiliatedEntityMember;us-gaap_ProductOrServiceAxis=us-gaap_ProductMember]" onclick="toggleNextSibling(this);">15,840,860</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= us-gaap_AffiliatedEntityMember<br>/ us-gaap_ProductOrServiceAxis<br>= us-gaap_ProductMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=us-gaap_AffiliatedEntityMember;us-gaap_ProductOrServiceAxis=us-gaap_ProductMember]" onclick="toggleNextSibling(this);">13,471,866</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= us-gaap_AffiliatedEntityMember<br>/ us-gaap_ProductOrServiceAxis<br>= us-gaap_ProductMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=us-gaap_AffiliatedEntityMember;us-gaap_ProductOrServiceAxis=us-gaap_ProductMember]" onclick="toggleNextSibling(this);">2,799,427</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= us-gaap_AffiliatedEntityMember<br>/ us-gaap_ProductOrServiceAxis<br>= us-gaap_ProductMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProductOrServiceAxis=dq_ServiceMember', window );">Service Fee [Member] | Third parties [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_NonrelatedPartyMember;us-gaap_ProductOrServiceAxis=dq_ServiceMember]" onclick="toggleNextSibling(this);">5,165,254</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_NonrelatedPartyMember<br>/ us-gaap_ProductOrServiceAxis<br>= dq_ServiceMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_NonrelatedPartyMember;us-gaap_ProductOrServiceAxis=dq_ServiceMember]" onclick="toggleNextSibling(this);">1,817,475</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_NonrelatedPartyMember<br>/ us-gaap_ProductOrServiceAxis<br>= dq_ServiceMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=dq_NonrelatedPartyMember;us-gaap_ProductOrServiceAxis=dq_ServiceMember]" onclick="toggleNextSibling(this);">2,129,924</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= dq_NonrelatedPartyMember<br>/ us-gaap_ProductOrServiceAxis<br>= dq_ServiceMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProductOrServiceAxis=dq_ServiceMember', window );">Service Fee [Member] | Related parties [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_Revenues[us-gaap_MajorCustomersAxis=us-gaap_AffiliatedEntityMember;us-gaap_ProductOrServiceAxis=dq_ServiceMember]" onclick="toggleNextSibling(this);">$ 3,309,252</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues<br>/ us-gaap_MajorCustomersAxis<br>= us-gaap_AffiliatedEntityMember<br>/ us-gaap_ProductOrServiceAxis<br>= dq_ServiceMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate cost of goods produced and sold and services rendered during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 2<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CostOfRevenue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfRevenueAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CostOfRevenueAbstract</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450189&amp;loc=d3e30690-110894<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450189&amp;loc=d3e30700-110894<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GrossProfit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1,2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GrossProfit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=8077374&amp;loc=d3e2420-110228<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 958<br><br> -SubTopic 225<br><br> -Section 45<br><br> -Paragraph 11<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28367520&amp;loc=d3e92212-112881<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Impairment<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 940<br><br> -SubTopic 20<br><br> -Section 25<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35710027&amp;loc=d3e41242-110953<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 10<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerBasicShare</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 13<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.14)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 15<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1278-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1278-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 5<br><br> -Section E<br><br> -Paragraph Question 3<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of the cost of borrowed funds accounted for as interest expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 835<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.9)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 9<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InterestExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 7<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.7(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591551-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net result for the period of deducting operating expenses from operating revenues.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherOperatingIncome">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherOperatingIncome</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591552-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591551-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ResearchAndDevelopmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 985<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 730<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ResearchAndDevelopmentExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 30<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34747878&amp;loc=d3e3636-108311<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SellingGeneralAndAdministrativeExpense</td>
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                    <td><strong> Balance Type:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1505-109256<br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
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                <p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1448-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br></p>
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                <table border="0" cellpadding="0" cellspacing="0">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>ALLOWANCES FOR DOUBTFUL RECEIVABLES<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>5. ALLOWANCES FOR DOUBTFUL RECEIVABLES</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;">The Group made provisions for doubtful accounts receivables in the aggregate amount of $359,733 and $5,482,019 during the year ended 2012 and 2013. The Group reversed provision for doubtful accounts receivables in the aggregate amount of $3,823,744 during the year ended December 31, 2014.</p>
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<div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;">Beginning of the year</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>1,202,940</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>1,592,467</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>7,160,782</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Allowances (Reversal) during the year</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>359,733</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,482,019</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(3,823,744</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Foreign exchange effect</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>29,794</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>86,296</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(147,928</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">)&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>Closing balance</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,592,467</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>7,160,782</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,189,110</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

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<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px;">&#160;</p></div></div><div class="CursorPointer">
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px;">As of December 31, 2013, the Group provided full allowance for certain long aging receivables based on available information on the customer's deteriorated credit risks and poor financial performance. In 2014, along with the recovery of solar industry and continued legal actions, the Group was able to collect payments on these receivable, as such, an allowance of $<font>4,171,528 </font>previously recorded has been reversed in 2014.&#160;</p>
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                <p>The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>FOLLOW-ON EQUITY OFFERING<br></strong></div>
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        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font-size: 10pt;"><font style="font-size: 10pt;"><strong style="font-size: 10pt;">4. FOLLOW-ON EQUITY OFFERING</strong></font><br style="font-size: 10pt;"/></p> <p style="font-size: 10pt;"><font style="font-size: 10pt;">In May 2014, the Company issued and sold <font>2,000,000</font> America depositary shares ("ADSs"), representing <font>50,000,000</font> ordinary shares, through a follow-on equity offering. The proceeds, net of issuance cost of $<font>3.4</font> million, were $<font>54.6</font> million.</font><br style="font-size: 10pt;"/></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS AND BALANCES<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">15. RELATED PARTY TRANSACTIONS AND BALANCES</strong></font></p>
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<td style="font-family: 'Times New Roman'; width: 97%;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The relationships between the Group and related party are as follows:</font></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Name of the related party</strong></font></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Relationship</strong></font></p>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Group</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Group and the Group&#160;are controlled by same group of shareholders.</font></td>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Zhenjiang&#160;Daqo&#160;Solar&#160;Co.&#160;Ltd(&#147;Zhenjiang&#160;Daqo)&#160;</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">An affiliated company which is <font><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></font>% held by Daqo Group</font></td>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Solar Co. Ltd (&#147;Daqo Solar&#148;) </font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">An affiliated company which is <font><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></font>% held by Daqo Group</font></td>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Nanjing Daqo</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">An affiliated company which was <font><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></font>% held by the Group&#160;before September 28, 2012 and is <font><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></font>% held by Daqo Group since September 28, 2012</font></td>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Xinjiang Investment Co., Ltd. ("Xinjiang Daqo Investment")</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">An affiliated company which is <font><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></font>% held by Daqo Group</font></td>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo New Material Co., Ltd. ("Daqo New Material")</font></td>
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<p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: black; font-family: 'times new roman', times; font-size: 10pt;">An affiliated company which is <font>100</font></font><font style="color: black; font-family: 'times new roman', times; font-size: 10pt;">% held by Daqo&#160;</font>Group, and was consolidated by the Company as VIE on&#160;December 31, 2013</font></p>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Chongqing Daqo Tailai Electric Co., Ltd. (&#147;Chongqing Daqo Tailai&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Nanjing Daqo Transformer Systems Co., Ltd. (&#147;Nanjing Daqo Transformer&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<tr style="font-size: 10pt;">
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Jiangsu Daqo Changjiang Electric Co., Ltd. (&#147;Jiangsu Daqo&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Nanjing Daqo Electric Co., Ltd. (&#147;Nanjing Daqo Electric&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Zhenjiang Klockner-Moeller Electrical Systems Co., Ltd. (&#147;Zhenjiang Moeller&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<tr style="font-size: 10pt;">
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Nanjing Intelligent Apparatus Co., Ltd. (&#147;Intelligent Apparatus&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<tr style="font-size: 10pt;">
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Nanjing Intelligent Software Co., Ltd. (&#147;Intelligent Software&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<tr style="font-size: 10pt;">
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Daqo Investment Co., Ltd. (&#147;Daqo Investment&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<tr style="font-size: 10pt;">
<td style="vertical-align: top; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">Shanghai Sailfar Electric Technology Co., Ltd. (&#147;Daqo Sailfar&#148;)</font></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"></td>
<td style="vertical-align: bottom; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt;">An affiliated company which is <font>100</font>% held by Daqo Group</font></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></p>
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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; width: 3%;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(2) &#160;</font></td>
<td style="border-left: none; border-right: none; border-top: none; border-bottom: none; font-family: 'Times New Roman'; width: 97%;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Related party balances:</font></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">The balance with Daqo Group and its subsidiaries was as follows:</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">The balances due from related parties mainly included the consideration for the transfer of 100% ownership of Nanjing Daqo to Daqo Group and amount due from Zhenjiang Daqo for sales of wafer and polysilicon. Such balances are unsecured, interest-free, and are payable on demand. The balances are as follows:</p>
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<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="6" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">December&#160;31,</td>
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<td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">2013</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
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<td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">2014</td>
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<td style="text-align: left;">Amount due from related party</td>
<td>&#160;</td>
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<td style="text-align: right;">&#160;</td>
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<td>&#160;</td>
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<td style="width: 9px;">&#160;</td>
<td style="width: 9px; text-align: left;">$</td>
<td style="width: 69px; text-align: right;"><font>6,898,980</font></td>
<td style="width: 9px; text-align: left;">&#160;</td>
<td style="width: 8px;">&#160;</td>
<td style="width: 8px; text-align: left;">$</td>
<td style="width: 68px; text-align: right;"><font>4,551,846</font></td>
<td style="width: 8px; text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; text-indent: -10pt; padding-left: 10pt;">Daqo Group</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>6,465,561</font></td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>5,110,085</font></td>
<td style="text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-indent: -10pt; padding-left: 10pt; padding-bottom: 1pt;">Others</td>
<td style="padding-bottom: 1pt;">&#160;</td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">&#160;</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"><font>51,911</font></td>
<td style="text-align: left; padding-bottom: 1pt;">&#160;</td>
<td style="padding-bottom: 1pt;">&#160;</td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">&#160;</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"><font>325,037</font></td>
<td style="text-align: left; padding-bottom: 1pt;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-indent: -10pt; padding-left: 10pt;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;">&#160;</td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;">&#160;</td>
<td style="text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-indent: -10pt; padding-left: 10pt; padding-bottom: 2.5pt;">Total</td>
<td style="padding-bottom: 2.5pt;">&#160;</td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"><font>13,416,452</font></td>
<td style="text-align: left; padding-bottom: 2.5pt;">&#160;</td>
<td style="padding-bottom: 2.5pt;">&#160;</td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;"><font>9,986,968</font></td>
<td style="text-align: left; padding-bottom: 2.5pt;">&#160;</td>
</tr>

</table>
</div>
</div>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;"><br/></p>
</div>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="font-size: 10pt;">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">Interest free loans due to related parties received primarily for working capital purposes from Daqo Solar and Xinjiang Daqo Investment, wholly-owned subsidiaries of Daqo Group. The balances are payable on demand and are as follows:</font><br/></font></p>
</div>
</div>
<div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="font-size: 10pt;">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></p>
<div style="font-size: 10pt;" class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="right" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
<td colspan="6" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">December 31,</strong></font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="background-color: #ffffff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
<td colspan="3" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2013</font></strong></font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="6" align="left" valign="top" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2014</font></strong></font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="width: 10%; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 60%; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Amount due to related party</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 15%; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 15%; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Solar</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">66,750,009</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">54,275,617</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Xinjiang Daqo investment</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">18,482,300</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">23,104,709</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo New Material</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font>449,988</font></font><br style="font-family: 'times new roman', times; font-size: 10pt;"/><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>4,950,746</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Chongqing Daqo Tailai</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font>-</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>1,755,326</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Nanjing Daqo&#160;Transformer</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">18,546</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,595,659</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Group</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">461,796</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,339,128</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Jiangsu Daqo</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>46,437</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>1,200,018</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Nanjing Daqo</font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>1,651,810</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>-</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; text-indent: 10pt; border: none #000000; padding: 0px; width: 20px;"><font><font style="font-size: 13.3333330154419px;">Nanjing Daqo Electric</font></font></td>
<td align="left" valign="top" style="font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-size: 10pt;"><font>33,697</font></font><br/></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" valign="top" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font style="font-size: 10pt;"><font>742,747</font></font><br/></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-size: 10pt; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Others*</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">643,207</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">734,201</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: top; text-align: left;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; text-align: left; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-size: 1pt; text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; vertical-align: top; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-size: 10pt; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Total</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" valign="top" style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">88,537,790</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" valign="top" style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" valign="top" style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">89,698,151</font></font></td>
<td align="left" valign="top" style="text-align: left; font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>

</table>
</div>
</div>
</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;<br/></font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">&#160;*</font></p>
<div>The remaining balance of amount due to related party of $<font>734,201</font>&#160;as of December 31, 2014 was comprised of Zhenjiang Moeller, Intelligent Apparatus, Intelligent Software, Daqo Investment, Daqo Sailfar and Zhenjiang Daqo in the amount of $<font>310,395</font>, $<font>302,807</font>, $<font>54,461</font>, $<font>5,360</font>, $<font>34</font>, and $<font>61,144</font>, respectively.</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><br/></p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"></font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;">&#160;</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;"></font><br/></p>
<div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="font-size: 10pt;">
<div style="font-size: 10pt;" class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%;" width="100%">

<tr style="vertical-align: top;">
<td style="width: 0pt; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td style="font-family: 'times new roman', times; font-size: 10pt;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">(3)</font></font></td>
<td style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">The transactions with Daqo Group and its subsidiaries were as follows:</font></td>
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</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;&#160;</font></p>
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<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;">

<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
<td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Transaction</strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="10" align="left" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Year Ended December 31,</strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td nowrap="nowrap" align="left" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Name of Related parties</strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;"> </strong></font></td>
<td align="left" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="font-size: 10pt;">Nature</strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2012</font></strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2013</font></strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td colspan="2" align="left" style="border-bottom: #000000 1pt solid; text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><strong><font style="font-family: 'times new roman', times; font-size: 10pt;">2014</font></strong></font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Group</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Fixed asset</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">7,849,533</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">486,948</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">813,105</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">10,821,462</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;">Repayment of interest free loans</td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">813,105</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">8,115,813</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font><font style="font-size: 10pt; font-family: 'times new roman', times;">Disposition of 100% equity interest of Nan Jing Daqo</font></font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">9,888,742</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Zhenjiang Daqo</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Sales</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">2,799,428</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">13,471,866</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">9,554,320</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo Solar</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Sales</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">9,595,680</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Prepayment received</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">13,497,973</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">76,881,392</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">157,241,390</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">28,379,678</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">166,231,092</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Nanjing Daqo</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Sales</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">80,126</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">112</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>&#151;</font></font><br style="font-family: 'times new roman', times; font-size: 10pt;"/><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #cceeff;"><font>&#151;</font></font><br style="font-family: 'times new roman', times; font-size: 10pt;"/><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>973,898</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>&#151;</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; font-family: 'times new roman', times; font-size: 10pt; background-color: #fffff0;"><font>&#151;</font></font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>2,921,693</font><font style="font-family: 'times new roman', times; font-size: 10pt;"></font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Related party interest bearing loan</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,584,820</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Interest charged</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">40,611</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Xinjiang Daqo Investment</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Prepayment received</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">2,354,620</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">58,389,643</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">98,367,234</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">40,193,785</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">93,219,846</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Daqo New Material</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>7,729,501</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #cceeff;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>4,600,117</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;"></font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="font-family: 'Times New Roman'; width: 20px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Rental expense</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; background-color: #fffff0;"><font>&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; width: 20px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>1,071,287</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Others subsidiaries under Daqo Group</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">636</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Fixed asset**</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">202,556</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">157,742</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">6,714,476</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Raw material</font></td>
<td align="left" style="font-size: 8pt; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">5,282</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-size: 8pt; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Total</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Sales</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">2,799,427</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">13,471,866</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">19,150,112</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Disposition of <font><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></font>% equity interest in Nanjing Daqo</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">9,888,742</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Fixed asset</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">8,052,089</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">157,742</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">7,201,424</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Purchase-Raw material</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">5,282</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Rental expense</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,071,287</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Interest expense</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">40,611</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
</tr>
<tr style="vertical-align: bottom;">
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Prepayment received*</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">15,852,593</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Proceeds from interest free loans</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">1,584,820</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">136,084,140</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap; background-color: #cceeff;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">275,134,122</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Repayment of interest free loans</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">&#151;</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">69,386,568</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="font-family: 'times new roman'; font-size: 8pt; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; font-size: 8pt; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">$</font></td>
<td align="left" style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 8pt; white-space: nowrap;"><font><font style="font-family: 'times new roman', times; font-size: 10pt;">275,088,560</font></font></td>
<td align="left" style="text-align: left; font-family: 'times new roman'; font-size: 8pt; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</font></td>
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<td style="width: 1%; vertical-align: top;"><font style="font-size: 10pt; font-family: 'times new roman', times;">*</font><br/></td>
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<div style="font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">Prepayment has been considered a related party loan given there has been no deliveries since the prepayment was provided</font></div>
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<td style="width: 1%; vertical-align: top;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">**</font></td>
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<td style="width: 98%;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"></font>
<div><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">The transactions of $6,714,476 in 2014 were comprised of the purchase of fixed assets from Nanjing&#160;</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Daqo</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> Electric, Nanjing&#160;</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Daqo</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> Transformer, Jiangsu </font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Daqo, Chongqing</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">&#160;</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Daqo</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> </font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="SpellE">Tailai and Intelligence Apparatus</font><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">&#160;in the amount of $<font>763,856</font>, $<font>1,913,941</font>, $<font>1,165,346</font>, $<font>2,724,790</font> and $<font>146,543</font>, respectively.</font></div>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2014</div>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>FAIR VALUE MEASUREMENTS [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">FAIR VALUE MEASUREMENTS</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>11. FAIR VALUE MEASUREMENTS</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following table presents the financial instruments for which fair value does not approximate carrying value as of December&#160;31, 2013 and 2014:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<td colspan="6" nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong>As of December 31, 2013</strong></td>
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<td colspan="14" nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong>As&#160;of&#160;December&#160;31,&#160;2014</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; display: none;">&#160;</td>
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<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"><strong>Carrying Value</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"><strong>Fair&#160;Value</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="border: none #000000; padding: 0px; text-align: center;"><strong>Carrying&#160;Value</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: center;"><strong>Fair&#160;Value</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<td style="text-indent: 10pt; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Long-term bank borrowing</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>134,870,287</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>124,047,823</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>77,336,160</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>71,422,148</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>Nonrecurring Fair Value Measurements</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following table displays assets and liabilities that were measured at fair value on a non-recurring basis after initial recognition;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="18" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Year ended December 31, 2013</font></strong></td>
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<td style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong><font style="font-family: 'Times New Roman';">Description</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
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<p style="margin: 0pt 0; font-family: 'times new roman';"><strong>Carrying<br/> amount</strong></p>
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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Quoted&#160;Prices&#160;in<br/> Active&#160;Markets<br/> for&#160;Identical<br/> Assets&#160;(Level&#160;1)</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Significant<br/> Other<br/> Observable<br/> Inputs&#160;(Level&#160;2)</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Significant<br/> Unobservable<br/> Inputs&#160;(Level&#160;3)</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><strong><font style="font-family: 'Times New Roman';">Total&#160;Losses</font></strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<td style="text-indent: 9.5pt; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 35%; background-color: #cceeff;"><font style="font-family: 'Times New Roman';">Long-lived assets held and used</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"><font>307,942,362</font></td>
<td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; border-color: #000000; padding: 0px 10px 0px 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; border-color: #000000; padding: 0px 5px; font-family: 'Times New Roman'; width: 10%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"><font>149,517,535</font></td>
<td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"><font>&#151;</font></td>
<td style="font-family: 'times new roman'; border-style: none none double; border-bottom-width: 2.8pt; border-color: #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px 10px 0px 0px; width: 1%; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; font-family: 'Times New Roman'; border-color: #000000; padding: 0px; width: 10%; background-color: #cceeff;"><font>158,424,827</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; width: 1%; background-color: #cceeff;">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt;">&#160;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt;">During the year ended December 31, 2013, long-lived assets held and used with a carrying amount of $<font>308</font> million were written down to their fair value of $<font>150</font> million, resulting in an impairment charge of $<font>158</font> million, about $<font>143</font> million of this amount related to Daqo New Material. Based on the nature of the property being assessed, buildings and land use rights, the fair value was estimated using direct comparison method under the market approach. The direct comparison method is a set of procedures in which a value indication is derived by comparing the real estate being appraised to similar real estate that have been sold recently. Then applying appropriate units of comparison and making adjustments to the sale prices of the comparable based on the elements of comparison such as differences in location, size, decoration and year of completion, etc. to derive at the fair value of the real estate.</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueDisclosuresAbstract</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13537-108611<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13504-108611<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueDisclosuresTextBlock</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
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                    <td>nonnum:textBlockItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EUFAI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>FINANCIAL STATEMENT SCHEDULE I (STATEMENT OF CASH FLOWS) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract', window );"><strong>Operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">$ 16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">$ (70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">$ (111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income to net cash used in operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other current assets</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" onclick="toggleNextSibling(this);">10,217,835</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" onclick="toggleNextSibling(this);">29,616</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" onclick="toggleNextSibling(this);">(15,042,913)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent', window );">Amount due from related party</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">2,193,604</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">(6,853,965)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" onclick="toggleNextSibling(this);">8,418,601</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations', window );">Net cash (used in) provided by operating activities</a></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">45,619,729</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(16,525,817)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(10,307,234)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations', window );">Net cash used in investing activities</a></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(90,589,032)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(30,696,113)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(102,922,470)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Repurchase of ordinary shares</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_PaymentsForRepurchaseOfCommonStock" onclick="toggleNextSibling(this);">(500,724)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForRepurchaseOfCommonStock</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfCommonStock', window );">Proceeds from follow-on equity offering</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromIssuanceOfCommonStock" onclick="toggleNextSibling(this);">58,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromIssuanceOfCommonStock</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfStockIssuanceCosts', window );">Insurance cost for follow-on equity offering</a></td>
        <td class="num"><a title="us-gaap_PaymentsOfStockIssuanceCosts" onclick="toggleNextSibling(this);">(3,375,553)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsOfStockIssuanceCosts</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from options exercised</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromStockOptionsExercised" onclick="toggleNextSibling(this);">37,080</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromStockOptionsExercised</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromStockOptionsExercised" onclick="toggleNextSibling(this);">135,171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromStockOptionsExercised</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations', window );">Net cash provided by financing activities</a></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">44,271,754</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">48,826,684</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">27,143,830</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net (decrease) increase in cash and cash equivalents</a></td>
        <td class="num"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">(762,601)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">1,152,060</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</span><span></span></td>
        <td class="num"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">(86,018,074)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the beginning of the year</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">7,831,084</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">6,679,024</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">92,697,098</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the end of the year</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">7,068,483</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">7,831,084</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">6,679,024</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract', window );"><strong>Operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromSubsidiariesBeforeTax', window );">Share of results of subsidiaries</a></td>
        <td class="num"><a title="us-gaap_IncomeLossFromSubsidiariesBeforeTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(19,391,427)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromSubsidiariesBeforeTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromSubsidiariesBeforeTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">67,890,514</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromSubsidiariesBeforeTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromSubsidiariesBeforeTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">108,228,045</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromSubsidiariesBeforeTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensation[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensation<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income to net cash used in operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other current assets</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(27,195)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">344,717</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(31,207)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities', window );">Changes in other current liabilities</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInOtherCurrentLiabilities[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(26,901)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherCurrentLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInOtherCurrentLiabilities[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">137,390</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherCurrentLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInOtherCurrentLiabilities[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">214,231</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInOtherCurrentLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent', window );">Amount due from related party</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">286,526</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(210,523)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations', window );">Net cash (used in) provided by operating activities</a></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(717,002)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(689,462)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(1,478,561)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_CapitalContributedToSubsidiaries', window );">Capital contributed to subsidiaries</a></td>
        <td class="num"><a title="dq_CapitalContributedToSubsidiaries[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(54,638,421)</a><span style="display:none;white-space:normal;text-align:left;">dq_CapitalContributedToSubsidiaries<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="dq_CapitalContributedToSubsidiaries[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(4,811,175)</a><span style="display:none;white-space:normal;text-align:left;">dq_CapitalContributedToSubsidiaries<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries', window );">Cash collected from subsidiaries when liquidation</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">71,503</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">4,390,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfBusinesses', window );">Disposition of Nanjing Daqo</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfBusinesses[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">4,778,657</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfBusinesses<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations', window );">Net cash used in investing activities</a></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(54,638,421)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">71,503</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">4,357,732</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Repurchase of ordinary shares</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_PaymentsForRepurchaseOfCommonStock[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(500,724)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForRepurchaseOfCommonStock<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfCommonStock', window );">Proceeds from follow-on equity offering</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromIssuanceOfCommonStock[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">58,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromIssuanceOfCommonStock<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfStockIssuanceCosts', window );">Insurance cost for follow-on equity offering</a></td>
        <td class="num"><a title="us-gaap_PaymentsOfStockIssuanceCosts[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,375,553)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsOfStockIssuanceCosts<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from options exercised</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">37,080</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromStockOptionsExercised[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">135,171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromStockOptionsExercised<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations', window );">Net cash provided by financing activities</a></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">54,661,527</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">135,171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(500,724)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net (decrease) increase in cash and cash equivalents</a></td>
        <td class="num"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(693,896)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(482,788)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">2,378,447</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the beginning of the year</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">5,187,046</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">5,669,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">3,291,387</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the end of the year</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">4,493,150</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">5,187,046</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">5,669,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowElementsAbstract', window );"><strong>Supplemental disclosure of cash flow information:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived', window );">Total consideration</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="dq_SupplementalCashFlowInformationDivestituresConsiderationReceived[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">9,888,742</a><span style="display:none;white-space:normal;text-align:left;">dq_SupplementalCashFlowInformationDivestituresConsiderationReceived<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1', window );">Less: amount due from Daqo Group</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(5,110,085)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfBusinesses', window );">Total cash consideration received</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromDivestitureOfBusinesses[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">$ 4,778,657</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromDivestitureOfBusinesses<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_CapitalContributedToSubsidiaries">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Capital Contributed To Subsidiaries</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_CapitalContributedToSubsidiaries</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_SupplementalCashFlowInformationDivestituresConsiderationReceived">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Supplemental Cash Flow Information, Divestitures, Consideration Received.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_SupplementalCashFlowInformationDivestituresConsiderationReceived</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3044-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 230<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromSubsidiariesBeforeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax of income (loss) of subsidiary attributable to the parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromSubsidiariesBeforeTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate increase (decrease) during the reporting period in the amount due from the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other current operating liabilities not separately disclosed in the statement of cash flows.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherCurrentLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInDiscontinuedOperationsAndContinuingOperationsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
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                    <td><strong> Period Type:</strong></td>
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          </td>
        </tr>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
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          </td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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              </div>
            </div>
          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of noncash consideration received for selling an asset or business through a noncash (or part noncash) transaction.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to reacquire common stock during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfStockIssuanceCosts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for cost incurred directly with the issuance of an equity security.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsOfStockIssuanceCosts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            </div>
          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromDivestitureOfBusinesses</td>
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                    <td><strong> Balance Type:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the deconsolidation of a previously consolidated subsidiary or the sale of investment in consolidated subsidiaries (generally greater than 50 percent).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from the additional capital contribution to the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3255-108585<br><br><br><br></p>
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                    <td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfCommonStock</td>
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                    <td><strong> Balance Type:</strong></td>
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                <p>The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (j)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3255-108585<br><br><br><br></p>
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                <p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
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<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Furniture, fixtures and equipment</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>21,329,752</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>18,469,913</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">Motor vehicles</td>
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>262,562</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>257,408</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Less: Accumulated depreciation</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(145,031,744</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(169,264,463</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
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<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">Property, plant and equipment, net</td>
<td style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>467,679,944</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><font>434,103,517</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Construction in process</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20,824,239</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>124,902,602</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: rgb(204, 238, 255);">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>488,504,183</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>559,006,119</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Depreciation expense was $<font>37,371,791</font>, $<font>52,250,595</font> and $<font>28,007,943</font> for the years ended December&#160;31, 2012, 2013 and 2014, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;recognized impairments for long-lived assets of <font style="font: 10pt Times New Roman, Times, Serif;">$</font><font style="font: 10pt Times New Roman, Times, Serif;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>42,754,481</font></font></font><font style="font: 10pt Times New Roman, Times, Serif;">, $</font><font style="font: 10pt Times New Roman, Times, Serif;"><font style="font: 10pt Times New Roman, Times, Serif;"><font>158,424,827</font></font></font><font style="font: 10pt Times New Roman, Times, Serif;"> and $<font>nil</font> during the years ended December 31, 2012, 2013 and 2014, respectively.</font></p>
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                <p>The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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          <div style="width: 200px;"><strong>BORROWINGS (Long-Term Borrowings) (Details)<br></strong></div>
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        <th class="th" colspan="1"></th>
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        <th class="th" colspan="2">1 Months Ended</th>
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          <div>Dec. 31, 2014

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          <div>USD ($)</div>
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          <div>China Construction Bank [Member]

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</div>
          <div>USD ($)</div>
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        <th class="th">
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</div>
          <div>China Construction Bank [Member]

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          <div>Facility Two [Member]

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        <th class="th">
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</div>
          <div>China Construction Bank [Member]

</div>
          <div>Facility Two [Member]

</div>
          <div>USD ($)</div>
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        <th class="th">
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</div>
          <div>China Construction Bank [Member]

</div>
          <div>Facility Two [Member]

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          <div>Huaxia Bank [Member]

</div>
          <div>USD ($)</div>
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        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Huaxia Bank [Member]

</div>
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          <div>Huaxia Bank [Member]

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          <div>Huaxia Bank [Member]

</div>
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          <div>Dec. 31, 2014

</div>
          <div>Huaxia Bank [Member]

</div>
          <div>Facility One [Member]

</div>
          <div>USD ($)</div>
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        <th class="th">
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</div>
          <div>Huaxia Bank [Member]

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          <div>Facility One [Member]

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          <div>Huaxia Bank [Member]

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          <div>Facility Two [Member]

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          <div>USD ($)</div>
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          <div>Huaxia Bank [Member]

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          <div>Facility Two [Member]

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          <div>CNY</div>
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          <div>Bank of China [Member]

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          <div>USD ($)</div>
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          <div>Dec. 31, 2014

</div>
          <div>Bank of China [Member]

</div>
          <div>CNY</div>
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          <div>Bank of China [Member]

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          <div>USD ($)</div>
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          <div>Chongqing Rural Commercial Bank [Member]

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          <div>USD ($)</div>
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        <th class="th">
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          <div>Chongqing Rural Commercial Bank [Member]

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          <div>CNY</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Bank Facilities [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Bank Facilities [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Bank Facilities [Member]

</div>
          <div>China Construction Bank [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Bank Facilities [Member]

</div>
          <div>China Construction Bank [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Bank Facilities [Member]

</div>
          <div>Huaxia Bank [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Bank Facilities [Member]

</div>
          <div>Huaxia Bank [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Bank Facilities [Member]

</div>
          <div>Bank of China [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Bank Facilities [Member]

</div>
          <div>Bank of China [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Bank Facilities [Member]

</div>
          <div>Chongqing Rural Commercial Bank [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Bank Facilities [Member]

</div>
          <div>Chongqing Rural Commercial Bank [Member]

</div>
          <div>USD ($)</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityInitiationDate1', window );">Initiation date of credit facility</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">Jan. 21,  2009<span></span></td>
        <td class="text">Jan. 21,  2009<span></span></td>
        <td class="text">Sep. 28,  2011<span></span></td>
        <td class="text">Sep. 28,  2011<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">Sep. 30,  2011<span></span></td>
        <td class="text">Sep. 30,  2011<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">Oct. 26,  2011<span></span></td>
        <td class="text">Oct. 26,  2011<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentTerm', window );">Term of facility</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">6 years<span></span></td>
        <td class="text">6 years<span></span></td>
        <td class="text">4 years<span></span></td>
        <td class="text">4 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">6 years<span></span></td>
        <td class="text">6 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">4 years<span></span></td>
        <td class="text">4 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Maximum borrowing amount of credit facility</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember]" onclick="toggleNextSibling(this);">$ 64,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember]" onclick="toggleNextSibling(this);"> 400,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">$ 64,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);"> 400,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);">$ 120,800,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);"> 750,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember]" onclick="toggleNextSibling(this);">$ 39,600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember]" onclick="toggleNextSibling(this);"> 245,500,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1', window );">Interest rate spread over rate issued by People's Bank of China</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);">5.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);">5.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember]" onclick="toggleNextSibling(this);">10.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember]" onclick="toggleNextSibling(this);">10.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod', window );">Amount drawn down</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember]" onclick="toggleNextSibling(this);">64,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember]" onclick="toggleNextSibling(this);">400,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">61,200,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">380,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_CreditFacilityAxis=dq_FacilityOneMember;us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">20,900,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityOneMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_CreditFacilityAxis=dq_FacilityOneMember;us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">130,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityOneMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">40,300,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">250,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);">120,800,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);">750,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember]" onclick="toggleNextSibling(this);">39,600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember]" onclick="toggleNextSibling(this);">245,500,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLinesOfCredit', window );">Amount repaid</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember]" onclick="toggleNextSibling(this);">6,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember]" onclick="toggleNextSibling(this);">40,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember]" onclick="toggleNextSibling(this);">58,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember]" onclick="toggleNextSibling(this);">360,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">38,700,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">240,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);">19,300,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);">120,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember]" onclick="toggleNextSibling(this);">26,600,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLinesOfCredit[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember]" onclick="toggleNextSibling(this);">165,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLinesOfCredit<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Fixed interest rate</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentInterestRateStatedPercentage[us-gaap_CreditFacilityAxis=dq_FacilityOneMember;us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">6.65%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentInterestRateStatedPercentage<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityOneMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentInterestRateStatedPercentage[us-gaap_CreditFacilityAxis=dq_FacilityOneMember;us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">6.65%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentInterestRateStatedPercentage<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityOneMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentInterestRateStatedPercentage[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">6.90%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentInterestRateStatedPercentage<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentInterestRateStatedPercentage[us-gaap_CreditFacilityAxis=dq_FacilityTwoMember;us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">6.90%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentInterestRateStatedPercentage<br>/ us-gaap_CreditFacilityAxis<br>= dq_FacilityTwoMember<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Amount of collateral</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentCollateralAmount[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">8,700,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentCollateralAmount<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentCollateralAmount[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember]" onclick="toggleNextSibling(this);">103,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentCollateralAmount<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity', window );">Amount available for future draw down</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">3,200,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember]" onclick="toggleNextSibling(this);">20,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtWeightedAverageInterestRate', window );">Weighted average interest rate</a></td>
        <td class="nump"><a title="us-gaap_LongtermDebtWeightedAverageInterestRate" onclick="toggleNextSibling(this);">6.90%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongtermDebtWeightedAverageInterestRate</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongtermDebtWeightedAverageInterestRate" onclick="toggleNextSibling(this);">7.20%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongtermDebtWeightedAverageInterestRate</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebt" onclick="toggleNextSibling(this);">$ 146,697,029</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 146,697,029</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 184,920,130</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember;us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 6,444,680</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LineOfCreditFacilityAxis=dq_ChinaConstructionBankMember;us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 7,102,783</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChinaConstructionBankMember<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember;us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 25,778,720</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LineOfCreditFacilityAxis=dq_HuaxiaBankMember;us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 35,679,096</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_HuaxiaBankMember<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember;us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 101,503,710</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LineOfCreditFacilityAxis=dq_BankOfChinaMember;us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 123,885,750</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_BankOfChinaMember<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember;us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 12,969,919</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebt[us-gaap_LineOfCreditFacilityAxis=dq_ChongqingRuralCommercialBankMember;us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember]" onclick="toggleNextSibling(this);">$ 18,252,501</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebt<br>/ us-gaap_LineOfCreditFacilityAxis<br>= dq_ChongqingRuralCommercialBankMember<br>/ us-gaap_LongtermDebtTypeAxis<br>= us-gaap_LineOfCreditMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage points added to the reference rate to compute the variable rate on the debt instrument.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentCollateralAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of assets pledged to secure a debt instrument.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 470<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6479336&amp;loc=d3e64711-112823<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentCollateralAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Contractual interest rate for funds borrowed, under the debt agreement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 22<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.22(a)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentTerm">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentTerm</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityInitiationDate1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Date the credit facility first became available, in CCYY-MM-DD format.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(b),22(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19, 22<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityInitiationDate1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:dateItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Maximum amount borrowed under the credit facility at any time during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(b),22(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19, 22<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(b),22(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19, 22<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 16<br><br> -Article 7<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 16<br><br> -Article 9<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20, 22<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtWeightedAverageInterestRate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average interest rate of long-term debt outstanding.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongtermDebtWeightedAverageInterestRate</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfLinesOfCredit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(f))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph f<br><br> -Article 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RepaymentsOfLinesOfCredit</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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  <head>
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    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>PREPAID EXPENSE AND OTHER CURRENT ASSETS<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract', window );"><strong>PREPAID EXPENSE AND OTHER CURRENT ASSETS [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCurrentAssetsTextBlock', window );">PREPAID EXPENSE AND OTHER CURRENT ASSETS</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>5. PREPAID EXPENSE AND OTHER CURRENT ASSETS</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Prepaid expense and other current assets consist of the following:</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;">Spare parts</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>6,264,805</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>6,385,388</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Prepaid Value added tax (&#147;VAT&#148;)</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>15,273,592</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,857,017</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Prepaid insurance fee</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>218,865</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>226,564</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Others</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,113,428</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>366,900</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>23,870,690</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>12,835,869</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

</table>
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</div>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCurrentAssetsTextBlock">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for other current assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherCurrentAssetsTextBlock</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
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<DOCUMENT>
<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>INVENTORIES<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureAbstract', window );"><strong>INVENTORIES [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureTextBlock', window );">INVENTORIES</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>6. INVENTORIES</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Inventories consist of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 23pt;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 70%; background-color: rgb(204, 238, 255);">Raw materials</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: rgb(204, 238, 255);"><font>2,084,050</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: rgb(204, 238, 255);"><font>1,362,944</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Work-in-process</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>4,666,821</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,411,360</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">Finished goods</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: left; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;">&#160;</td>
<td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: right; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"><font>3,749,385</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: left; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;">&#160;</td>
<td style="border-top-style: none; border-right-style: none; border-left-style: none; text-align: right; font-family: 'times new roman'; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"><font>2,807,480</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px;">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; width: 20px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><strong><font>10,500,256</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="font-family: 'times new roman'; border: none rgb(0, 0, 0); padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: rgb(0, 0, 0); padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><strong><font>9,581,784</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: rgb(204, 238, 255);">&#160;</td>
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                <p>The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group's bank borrowings consisted of the following:</p>
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<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2013</strong></td>
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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;">Short-term bank borrowings</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>68,821,014</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Long-term bank borrowings, current portion</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>50,049,843</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>69,360,869</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total borrowings, current</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>118,870,857</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>159,803,876</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Long-term bank borrowings, non-current portion</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>134,870,287</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>77,336,160</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>253,741,144</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>237,140,036</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

</table>
</div>
</div>
<div class="CursorPointer"><br/></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>Short-term bank borrowings</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group's short-term bank borrowing consisted of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 70%; background-color: #cceeff;">Short-term bank borrowing guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xiang Xu</td>
<td style="font-family: 'times new roman'; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>28,080,770</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>27,389,890</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Short-term bank borrowing guaranteed by Daqo Group and&#160;a third party</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>11,562,670</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>11,278,190</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Short-term&#160;credit bank borrowings</td>
<td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"><font>29,177,574</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"><font>51,774,927</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>68,821,014</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>90,443,007</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
</div>
<div class="CursorPointer">&#160;<br/></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group&#160;had available credit of $<font>18.2</font>&#160;million and $<font>8.5</font>&#160;million under its short-term bank facilities with various banks as of December 31, 2013 and 2014, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;">The weight average interest rate on the short-term bank borrowing was <font>6.4</font>% and <font>6.8</font>% as of December 31, 2013 and 2014.&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px;"><b>Long-term bank borrowings</b></p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;"><br/></p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">The<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> long-term bank borrowings, including current portion, as of December&#160;31, 2013 and 2014 are comprised of</font>:&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 23pt;">&#160;</p>
<div align="center">
<div>
<table cellpadding="0" cellspacing="0" style="font-family: 'Times New Roman', Times, serif; letter-spacing: normal; orphans: auto; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; width: 95%; margin-left: 0.100000001490116px; margin-right: 0.1px;" width="100%">

<tr style="vertical-align: bottom;">
<td>&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="6" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">December 31,</td>
<td style="padding-bottom: 1pt; font-weight: bold;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td>&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">2013</td>
<td style="padding-bottom: 1pt; font-weight: bold;">&#160;</td>
<td style="font-weight: bold; padding-bottom: 1pt;">&#160;</td>
<td colspan="2" style="font-weight: bold; text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">2014</td>
<td style="padding-bottom: 1pt; font-weight: bold;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="width: 551.671875px; text-align: left; text-indent: -10pt; padding-left: 10pt;">Borrowing from China Construction Bank</td>
<td style="width: 9px;">&#160;</td>
<td style="width: 9px; text-align: left;">$</td>
<td style="width: 120px; text-align: right;"><font>7,102,783</font></td>
<td style="width: 9px; text-align: left;">&#160;</td>
<td style="width: 9px;">&#160;</td>
<td style="width: 8px; text-align: left;">$</td>
<td style="width: 119px; text-align: right;"><font>6,444,680</font></td>
<td style="width: 8px; text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; text-indent: -10pt; padding-left: 10pt;">Borrowing from Huaxia Bank</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>35,679,096</font></td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>25,778,720</font></td>
<td style="text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; text-indent: -10pt; padding-left: 10pt;">Borrowing from Bank of China</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>123,885,750</font></td>
<td style="text-align: left;">&#160;</td>
<td>&#160;</td>
<td style="text-align: left;">&#160;</td>
<td style="text-align: right;"><font>101,503,710</font></td>
<td style="text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt;">Borrowing from Chongqing Rural Commercial Bank</td>
<td style="padding-bottom: 1pt;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right;"><font>18,252,501</font></td>
<td style="padding-bottom: 1pt; text-align: left;">&#160;</td>
<td style="padding-bottom: 1pt;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right;"><font>12,969,919</font></td>
<td style="padding-bottom: 1pt; text-align: left;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-weight: bold; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt;">Total</td>
<td style="font-weight: bold; padding-bottom: 2.5pt;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: left;">$</td>
<td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: right;"><font>184,920,130</font></td>
<td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left;">&#160;</td>
<td style="font-weight: bold; padding-bottom: 2.5pt;">&#160;</td>
<td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: left;">$</td>
<td style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; font-weight: bold; text-align: right;"><font>146,697,029</font></td>
<td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left;">&#160;</td>
</tr>

</table>
</div>
</div>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-indent: 0.5in;">&#160; &#160;&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On January 21, 2009, Chongqing Daqo entered into a <font>six</font>-year long term facility agreement with China Construction Bank. Such borrowing is restricted to the purchase of fixed assets and has a maximum borrowing credit amounted to $<font>64.4</font>&#160;million (RMB<font>400</font> million), bearing a standard <font>five</font>-year long term interest rate issued by People's Bank of China. The borrowing is guaranteed by Daqo Group and Mr. Guangfu Xu. As of December 31, 2014, Chongqing Daqo had drawn down $<font>64.4</font>&#160;million (RMB<font>400</font> million) and had no facility available for future draw down. Chongqing Daqo had repaid $<font>58.0</font> million (RMB<font>360</font> million) as of December 31, 2014, and the remaining $<font>6.4</font> million (RMB<font>40</font> million) had also been repaid in January 2015. There are no financial covenants associated with the facility.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;">On September 28, 2011, Chongqing Daqo entered into a <font>four</font>-year credit facility agreement with Huaxia Bank with maximum amount of $<font>64.4</font>&#160;million (RMB<font>400</font> million). Chongqing Daqo drew down $<font>61.2</font>&#160;million (RMB<font>380</font> million), including: $<font>20.9</font>&#160;million (RMB<font>130</font> million) with fixed interest rate of <font>6.65</font>%, which is designated for working capital and $<font>40.3</font> million (RMB<font>250</font> million) with fixed interest rate of <font>6.9</font>% which is restricted to the purchase of fixed assets. Chongqing Daqo used the remaining facility of $<font>3.2</font>&#160;million (RMB<font>20</font> million) through use of bank acceptance notes. As of December 31, 2014, Chongqing Daqo had repaid <font>38.7</font>&#160;million (RMB<font>240</font> million) and had no facility available for future draw down. This credit facility is guaranteed by Daqo Group and also collateralized by Chongqing Daqo's land use right and plant amounting to $<font>8.7</font>&#160;million as of December 31, 2014.&#160;The facility contains a financial covenant, and Chongqing Daqo was in compliance as of December 31, 2014.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On September 30, 2011, Xinjiang Daqo entered into a <font>six</font>-year bank borrowing agreement with Bank of China. Such borrowing is restricted to the purchase of fixed assets and has a maximum borrowing amount of $<font>120.8</font>&#160;million (RMB<font>750</font> million) and bears interest at standard <font>five</font>-year long term interest rate issued by People's Bank of China plus <font>5</font>%. As of December 31, 2014, Xinjiang Daqo had drawn down $<font>120.8</font>&#160;million (RMB<font>750</font> million) and repaid $<font>19.3</font> million (RMB <font>120</font> <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">million) and had no facility available for future draw down. The borrowing is guaranteed by Daqo Group, Daqo New Material, two affiliated companies under Daqo Group and Mr.&#160;Guangfu Xu.&#160;On June 30, 2014, an amendment to this credit facility was signed between Xinjiang Daqo and Bank of China, under which machinery and equipment with a total carrying amount of</font>&#160;$<font>103.4</font>&#160;<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">million was pledged as collaterals for this credit facility. The borrowing contains a financial covenant, and Xinjiang Daqo was in compliance as of December 31, 2014.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;">On October 26, 2011, Chongqing Daqo entered into a <font>four</font>-year credit facility agreement with Chongqing Rural Commercial Bank. Such borrowing is restricted to the purchase of fixed assets and has a maximum borrowing amount $<font>39.6</font> million (RMB <font>245.5</font> million) and bears interest at three to five-year long term interest rate issued by People's Bank of China plus <font>10</font>%. The borrowing is guaranteed by Daqo Group, and two directors of the Company. As of December 31, 2014, Chongqing Daqo had drawn down $<font>39.6</font>&#160;million (RMB <font>245.5</font>&#160;million) and repaid $<font>26.6</font>&#160;million (RMB <font>165</font> million) and had <font>no</font> facility for future draw down. There are no financial covenants associated with the facility.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The weighted average interest rate as of December 31, 2013 and 2014 for the Group's long-term bank borrowings was <font>7.2</font>% and <font>6.9</font>%, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The principal maturities of these long-term bank borrowings as of December 31, 2014 are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
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<tr style="vertical-align: bottom;">
<td style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><font style="font: 10pt Times New Roman, Times, Serif;"><strong>December 31, 2014</strong></font></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Amount</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 85%; background-color: #cceeff;">2015</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>69,360,869</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">2016</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>40,279,250</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">2017</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>37,056,910</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><strong>$</strong></td>
<td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><strong><font>146,697,029</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 2.80pt double; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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                <p>The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EFXAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentCharges', window );">Long-lived asset impairment</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_AssetImpairmentCharges" onclick="toggleNextSibling(this);">$ 158,424,827</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetImpairmentCharges" onclick="toggleNextSibling(this);">$ 42,754,481</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=dq_DaqoNewMaterialCoLtdMember', window );">Daqo New Material Co., Ltd. [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentCharges', window );">Long-lived asset impairment</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_AssetImpairmentCharges[dei_LegalEntityAxis=dq_DaqoNewMaterialCoLtdMember]" onclick="toggleNextSibling(this);">143,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetImpairmentCharges<br>/ dei_LegalEntityAxis<br>= dq_DaqoNewMaterialCoLtdMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Nonrecurring [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentFairValueDisclosure', window );">Long-lived assets held and used</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Nonrecurring [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentFairValueDisclosure', window );">Long-lived assets held and used</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember]" onclick="toggleNextSibling(this);">149,517,535</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PropertyPlantAndEquipmentFairValueDisclosure<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_FairValueByMeasurementFrequencyAxis<br>= us-gaap_FairValueMeasurementsNonrecurringMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term bank borrowing</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtFairValue[us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">77,336,160</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtFairValue<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term bank borrowing</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtFairValue[us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">71,422,148</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtFairValue<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=8077374&amp;loc=d3e2420-110228<br><br><br><br></p>
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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                <p>The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.</p>
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                <p>No definition available.</p>
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                <p>Fair value portion of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19190-110258<br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
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          <div style="width: 200px;"><strong>INCOME TAXES (Narrative) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsExpirationDate', window );">Expiration of net operating losses carried forward</a></td>
        <td class="text">Dec. 31,  2018<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=dq_XinjiangDaqoNewEnergyCoLtdMember', window );">Xinjiang Daqo New Energy Co., Ltd. [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration', window );">Net operating losses carried forward, subject to expiration</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration[dei_LegalEntityAxis=dq_XinjiangDaqoNewEnergyCoLtdMember]" onclick="toggleNextSibling(this);"> 109,398,425</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration<br>/ dei_LegalEntityAxis<br>= dq_XinjiangDaqoNewEnergyCoLtdMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=dq_ChongqingDaqoNewEnergyCoLtdMember', window );">Chongqing Daqo New Energy Co., Ltd. [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsLineItems', window );"><strong>Operating Loss Carryforwards [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Net operating losses carried forward</a></td>
        <td class="nump"><a title="us-gaap_OperatingLossCarryforwards[dei_LegalEntityAxis=dq_ChongqingDaqoNewEnergyCoLtdMember]" onclick="toggleNextSibling(this);">109,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingLossCarryforwards<br>/ dei_LegalEntityAxis<br>= dq_ChongqingDaqoNewEnergyCoLtdMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNet', window );">Deferred tax assets</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsLiabilitiesNet[dei_LegalEntityAxis=dq_ChongqingDaqoNewEnergyCoLtdMember]" onclick="toggleNextSibling(this);">27,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsLiabilitiesNet<br>/ dei_LegalEntityAxis<br>= dq_ChongqingDaqoNewEnergyCoLtdMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration', window );">Net operating losses carried forward, subject to expiration</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsLiabilitiesNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsLiabilitiesNet</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards that are subject to expiration dates.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwardsExpirationDate">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Expiration date of each operating loss carryforward included in operating loss carryforward, in CCYY-MM-DD format.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwardsExpirationDate</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:dateItemType</td>
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                    <td>na</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwardsLineItems</td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=dq_ChongqingDaqoNewEnergyCoLtdMember</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td style="white-space:nowrap;">dei_LegalEntityAxis=dq_XinjiangDaqoNewEnergyCoLtdMember</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EA6AE">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>ADVANCES FROM CUSTOMERS (Details)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>USD ($)</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014

</div>
          <div>Customer A [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Customer A [Member]

</div>
          <div>CNY</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2013

</div>
          <div>Customer A [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Customer G [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Customer G [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Customer H [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Customer H [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>Others [Member]

</div>
          <div>USD ($)</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013

</div>
          <div>Others [Member]

</div>
          <div>USD ($)</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenueArrangementLineItems', window );"><strong>Deferred Revenue Arrangement [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CustomerAdvancesAndDeposits', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits" onclick="toggleNextSibling(this);">$ 10,710,202</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits" onclick="toggleNextSibling(this);">$ 25,141,896</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits[us-gaap_MajorCustomersAxis=dq_CustomerMember]" onclick="toggleNextSibling(this);">$ 8,041,836</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits[us-gaap_MajorCustomersAxis=dq_CustomerMember]" onclick="toggleNextSibling(this);">$ 15,987,573</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits[us-gaap_MajorCustomersAxis=dq_CustomerGMember]" onclick="toggleNextSibling(this);">$ 2,405,619</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerGMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits[us-gaap_MajorCustomersAxis=dq_CustomerGMember]" onclick="toggleNextSibling(this);">$ 4,220,355</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerGMember</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits[us-gaap_MajorCustomersAxis=dq_CustomerHMember]" onclick="toggleNextSibling(this);">$ 2,996,550</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerHMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits[us-gaap_MajorCustomersAxis=dq_OtherCustomersMember]" onclick="toggleNextSibling(this);">$ 262,747</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits<br>/ us-gaap_MajorCustomersAxis<br>= dq_OtherCustomersMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesAndDeposits[us-gaap_MajorCustomersAxis=dq_OtherCustomersMember]" onclick="toggleNextSibling(this);">$ 1,937,418</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesAndDeposits<br>/ us-gaap_MajorCustomersAxis<br>= dq_OtherCustomersMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CustomerAdvancesCurrent', window );">Less: Current portion of advances from customers</a></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesCurrent" onclick="toggleNextSibling(this);">7,308,535</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesCurrent" onclick="toggleNextSibling(this);">13,217,775</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesCurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CustomerAdvancesNoncurrent', window );">Long term advances from customers</a></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesNoncurrent" onclick="toggleNextSibling(this);">3,401,667</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesNoncurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_CustomerAdvancesNoncurrent" onclick="toggleNextSibling(this);">11,924,121</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CustomerAdvancesNoncurrent</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted', window );">Supply commitment</a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump"><a title="us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted[us-gaap_MajorCustomersAxis=dq_CustomerMember]" onclick="toggleNextSibling(this);">$ 400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerMember</span><span></span></td>
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        <td class="nump"><a title="us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted[us-gaap_MajorCustomersAxis=dq_CustomerMember]" onclick="toggleNextSibling(this);"> 2,400,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr>
        <td colspan="14"></td>
      </tr>
      <tr>
        <td colspan="14">
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              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top">Pursuant to the terms of the Group's revised supply agreement with this customer the Group will deliver monthly amounts of polysilicon, totaling no less than RMB2.4 million (equivalent of $0.4 million) from April 2014 to September 2016, or until such time as the advance has been fully utilized.</td>
            </tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Refundable consideration, usually cash, held by the entity pending satisfactory completion of the entity's obligations or pending the closing of a contract.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.15a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CustomerAdvancesAndDeposits</td>
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                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The current portion of prepayments received from customers for goods or services to be provided in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.20)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                  <tr>
                    <td><strong> Name:</strong></td>
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                <p>The noncurrent portion of prepayments received from customers for goods or services to be provided in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.24)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
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                <p>The floor amount as of the balance sheet date that the entity must expend to satisfy the terms of disclosed arrangements (excluding long-term commitments) in which the entity must commit resources to supply goods or services to one or more customers.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.25)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 25<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 17<br><br> -Article 9<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.(a)(19))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
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          <div style="width: 200px;"><strong>PREPAID EXPENSE AND OTHER CURRENT ASSETS (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
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        <td class="text">&#xA0;<span></span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Prepaid expense and other current assets consist of the following:</p>
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<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-align: left; text-indent: 10pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2013</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;">Spare parts</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>6,264,805</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>6,385,388</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; /* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Prepaid Value added tax (&#147;VAT&#148;)</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>15,273,592</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,857,017</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Prepaid insurance fee</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>218,865</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>226,564</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Others</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,113,428</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>366,900</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>23,870,690</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>12,835,869</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EJSAE">
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          <div style="width: 200px;"><strong>SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Share-based Compensation) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
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        <th class="th">
          <div>Dec. 31, 2012</div>
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      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsLineItems', window );"><strong>Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense" onclick="toggleNextSibling(this);">$ 1,792,819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense" onclick="toggleNextSibling(this);">$ 1,881,401</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense" onclick="toggleNextSibling(this);">$ 2,249,834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember', window );">Selling, general and administrative expenses [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsLineItems', window );"><strong>Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember]" onclick="toggleNextSibling(this);">1,544,078</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_SellingGeneralAndAdministrativeExpensesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember]" onclick="toggleNextSibling(this);">1,743,768</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_SellingGeneralAndAdministrativeExpensesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember]" onclick="toggleNextSibling(this);">2,018,817</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_SellingGeneralAndAdministrativeExpensesMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsLineItems', window );"><strong>Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Share-based compensation</a></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_ResearchAndDevelopmentExpenseMember]" onclick="toggleNextSibling(this);">12,310</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_ResearchAndDevelopmentExpenseMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_ResearchAndDevelopmentExpenseMember]" onclick="toggleNextSibling(this);">60,987</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_ResearchAndDevelopmentExpenseMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_ResearchAndDevelopmentExpenseMember]" onclick="toggleNextSibling(this);">175,242</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_ResearchAndDevelopmentExpenseMember</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember', window );">Cost of sales [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsLineItems', window );"><strong>Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember]" onclick="toggleNextSibling(this);">$ 236,431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_CostOfSalesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember]" onclick="toggleNextSibling(this);">$ 76,646</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_CostOfSalesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AllocatedShareBasedCompensationExpense[us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember]" onclick="toggleNextSibling(this);">$ 55,775</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllocatedShareBasedCompensationExpense<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_CostOfSalesMember</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 14.F)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27013229&amp;loc=d3e301413-122809<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (h)(1)(i)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 14<br><br> -Section F<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>INCOME TAXES<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>13. INCOME TAXES</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>Cayman Islands Tax</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Company is incorporated in the Cayman Islands and is not subject to tax in this jurisdiction.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>PRC Tax</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Company's subsidiaries are registered in the PRC as foreign invested enterprises. Under the Laws of the People's Republic of China on Enterprise Income Tax (the &#147;EIT Law&#148;) which are effective January 1, 2008, the statutory enterprise income tax rate is <font>25</font>%.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Chongqing Daqo is a foreign invested enterprise located in Chongqing. In accordance with a PRC tax regulation which encourages investment in China's southwest region, Chongqing Daqo is entitled to a preferential tax rate of <font>15</font>% from its establishment through 2012. On November 19, 2012, Chongqing Daqo obtained a High and New Technology Enterprise (&#147;HTNE&#148;) certificate for a valid period of <font>3</font> years till 2014. During the years ended December 31, 2013 and 2014, Chongqing Daqo was entitled to a preferential tax rate of <font>15</font>% because of its HTNE status.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Daqo New Material, which was deconsolidated on December 31, 2013, is a domestic enterprise registered in Chongqing and is subject to an income tax rate of <font>25</font>% for each of the <font>two</font>&#160;years ended December 31, 2013.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Nanjing Daqo is a foreign-invested enterprise established on December 20, 2007 located in Nanjing. The Group&#160;started to carry out its operation from July, 2011, and was disposed on September 28, 2012. It is subject to an income tax rate of <font>25</font>% for the&#160;year ended December 31, 2012.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Xinjiang Daqo is a foreign-invested enterprise established on February, 2012 located in Shihezi Economic Development Area in Xinjiang Autonomous Region. The entity was subject to an income tax rate of <font>25</font>% for the years ended December 31, 2012 and 2013. On November 25, 2014, Xin Jiang Daqo was entitled to a preferential tax rate of <font>15</font>%, because of the obtainment of a High and New Technology Enterprise ("HTNE") certificate for a valid period of <font>3</font> years till 2016.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>United States</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Daqo America was liquidated in 2013 and it was subject to United States income tax at a combined federal and state tax rate of <font>40</font>% in 2012 and 2013.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Under the current EIT Law and implementation regulations issued by the PRC State Council, an income tax rate of <font>10</font>% is applicable to interest and dividends payable to investors that are &#147;non-resident enterprises&#148;, which do not have an establishment or place of business in the PRC, or which have such establishment or place of business but the relevant income is not effectively connected with the establishment or place of business, to the extent such interest or dividends have their sources within the PRC. The Company's PRC subsidiaries did not have retained earnings as of December 31, 2014, therefore, <font>no</font> provision for PRC dividend withholding tax has been provided thereon.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group made its assessment of the level of authority for each tax position (including the potential application of interests and penalties) based on the tax positions' technical merits, and measured the unrecognized benefits associated with the tax positions. The Group did not have any unrecognized tax benefits as of December 31, 2013 and 2014. The Group does not anticipate that unrecognized tax benefits will significantly increase or decrease within the next <font>twelve</font> months.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">According to PRC Tax Administration and Collection Law, the statute of limitations is <font>three</font> years if the underpayment of taxes is due to computational errors made by the taxpayer or withholding agent. The statute of limitations will be extended <font>five</font> years under special circumstances, which are not clearly defined (but an underpayment of tax liability exceeding RMB<font>0.1</font> million is specifically listed as a special circumstance). In the case of a related party transaction, the statute of limitations is <font>ten</font> years. There is <font>no</font> statute of limitations in the case of tax evasion. From inception to 2013, the Group's PRC subsidiaries are subject to examination of the PRC tax authorities. The Group classifies interest and penalties associated with taxes as income tax expense. Such charges were immaterial in the years ended December 31, 2012, 2013 and 2014.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Income tax expenses comprise:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;">Current Tax Expenses (Benefit)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>(1,894,736</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; width: 1%; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>(162,621</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
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<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Deferred Tax Expenses (Benefit)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>12,148,323</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><br/></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,434,386</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>10,253,587</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>1,271,765</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>&#151;</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

</table>
</div>
</div>
<div class="CursorPointer"><br/></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The principal components of deferred income tax assets and liabilities are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px; display: none;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; display: none;">&#160;</td>
<td colspan="6" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px; display: none;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;">Net operating loss carried forward</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>29,784,578</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>27,349,606</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Inventory write-down</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,531,750</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>26,141</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Bad debt provision</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1,518,953</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>478,367</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Government grants related to assets</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>423,938</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>498,582</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Long-lived asset impairment &amp; depreciation</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>23,083,996</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>21,009,037</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Others</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>290,652</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>748,018</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Sub-total</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>56,633,867</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>50,109,751</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Valuation Allowance</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(56,633,867</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(50,109,751</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"><strong><font>-</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>&#151;</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Deferred tax assets are analyzed as:</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Current</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Non-current</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
</div>
<div class="CursorPointer"><br/></div>
<div class="CursorPointer"><font style="font-size: 10pt;">The changes of valuation allowance are as follows:</font></div>
<div class="CursorPointer">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;<br/></p>
<div style="color: #000000; font-family: 'Times New Roman'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px;" class="CursorPointer">
<div>
<div style="display: block;" align="center">
<table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 80%; margin-left: 0.1px; margin-right: 0.1px;">

<tr>
<td style="font-family: 'Times New Roman';" width="100%"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;"></font></td>
<td colspan="10" style="text-align: center; border-top-style: none; border-right-style: none; border-left-style: none; font-family: 'times new roman'; border-top-color: #000000; border-right-color: #000000; border-left-color: #000000; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-size: 10pt;"><strong style="margin: 0pt; text-align: center;">Year ended December 31,</strong></font></td>
<td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
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<tr>
<td style="font-family: 'Times New Roman';" width="100%"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;"></font></td>
<td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font style="font-size: 10pt;"><strong style="margin: 0pt; text-align: center;">2012</strong></font></td>
<td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font style="font-size: 10pt;"><strong style="margin: 0pt; text-align: center;">2013</strong></font></td>
<td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font style="font-size: 10pt;"><strong style="margin: 0pt; text-align: center;">2014</strong></font></td>
<td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="width: 5px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;" width="100%"><font style="font-size: 10pt;">Beginning balance</font><br/></td>
<td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"><font style="font-size: 10pt;">$</font></td>
<td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br style="margin: 0pt;"/></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"><font style="font-size: 10pt;">$</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">37,682,733</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br style="margin: 0pt;"/></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"><font style="font-size: 10pt;">$</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">56,633,867</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="width: 5px;">
<td style="vertical-align: bottom;" width="100%"><font style="font-size: 10pt;">Additions (Reversal)</font></td>
<td style="vertical-align: bottom; margin: 0pt; padding-right: 8px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">37,238,701</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><br style="margin: 0pt;"/></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">56,697,096</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">(5,168,917</font></font></td>
<td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><font style="font-size: 10pt;">)</font></td>
</tr>
<tr style="width: 5px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;" width="100%"><font style="font-size: 10pt;">Deconsolidation</font></td>
<td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">(39,357,744</font></font></td>
<td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><font style="font-size: 10pt;">)</font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
</tr>
<tr style="width: 5px;">
<td style="vertical-align: bottom;" width="100%"><font style="font-size: 10pt;">Foreign exchange effect</font></td>
<td style="vertical-align: bottom; margin: 0pt; padding-right: 8px;"></td>
<td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">444,032</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap;"></td>
<td style="vertical-align: bottom; white-space: nowrap;"></td>
<td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">1,611,782</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap;"></td>
<td style="vertical-align: bottom; white-space: nowrap;"></td>
<td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">(1,355,199</font></font></td>
<td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><font style="font-size: 10pt;">)</font></td>
</tr>
<tr style="width: 5px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;" width="100%"><font style="font-size: 10pt;"><strong>Ending Balance</strong></font></td>
<td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"><font style="font-size: 10pt;"><strong style="undefined;align: left; margin: 0pt;">$</strong></font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">37,682,733</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"><font style="font-size: 10pt;"><strong style="undefined;align: left; margin: 0pt;">$</strong></font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">56,633,867</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"><font style="font-size: 10pt;"><strong style="undefined;align: left; margin: 0pt;">$</strong></font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">50,109,751</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>

</table>
</div>
</div>
</div>
</div>
<div class="CursorPointer"><br/></div>
<div style="margin: 0px; text-indent: 30.6666660308838px;" class="CursorPointer"><font style="font-size: 10pt;">The Group uses the asset and liability method to record related deferred tax assets and liabilities. The Group&#160;considers positive and negative evidence to determine whether some portion or all of the deferred tax assets will more likely than not be realized. This assessment considers, among other matters, the nature, frequency and severity of operating losses, forecasts of future profitability, the duration of statutory carry forward periods, the Group's experience with tax attributes expiring unused and tax planning alternatives. Valuation allowances have been established for deferred tax assets based on a more likely than not threshold. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible.</font></div>
<div style="margin: 0px; text-indent: 30.6666660308838px;" class="CursorPointer"><font style="font-size: 10pt;">&#160;</font></div>
<div style="margin: 0px; text-indent: 30.6666660308838px;" class="CursorPointer"><font style="font-size: 10pt;">As of December 31, 2014, Chongqing Daqo and Xinjiang Daqo had net operating losses carried forward of $<font>109.4</font> million, and nil respectively, accordingly all the related deferred tax assets of $<font>27.4</font> million was contributed by Chongqing Daqo. Almost all the deductible difference of long-lived asset impairment &amp; depreciation was from Chongqing Daqo as well as of December 31, 2014. Based on the related operating performance and the level of projections for future taxable income over the periods in which the deferred tax assets are deductible, the Group believes it is not more likely than not that the Group will realize the benefits of these deductible differences, therefore full valuation allowance was applied as of December 31, 2014.</font></div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group uses the asset and liability method to record related deferred tax assets and liabilities. In assessing the reliability of deferred tax assets, the Group considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Based on the continuous operating losses suffered and the level of projections for future taxable income over the periods in which the deferred tax assets are deductible, the Group believes it is not more likely than not that the Group will realize the benefits of these deductible differences of Chongqing Daqo and Xinjiang Daqo as at December 31, 2014. The amount of the deferred tax asset considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry-forward period are reduced. Xinjiang Daqo and Chongqing Daqo had net operating losses carried forward of approximately $<font>109,398,425</font>&#160;and $<font>nil</font>, respectively, which would expire if not used before December 31, 2018.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The effective income tax rate of the Group is different from the expected PRC statutory rate as a result of the following items:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
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<table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;">PRC Enterprise Income Tax</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">%</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">%</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">%</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Preferential income tax rate of a subsidiary</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(9</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(9</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Effect of different reversal rate</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>8</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>3</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Additional tax deductions</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(1</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(8</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Non-deductible expenses</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Different tax rate in other jurisdictions</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(1</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Changes in valuation allowance</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(35</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(26</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;">Tax credits</td>
<td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>(15</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">)%</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Prior year adjustment</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">%</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">%</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Effective tax rate</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(10</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)%</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(1</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)%</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
</tr>

</table>
</div>
</div>
<div class="CursorPointer">&#160;</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;">Xinjiang Daqo and Chongqing Daqo enjoy the preferential tax rate of 15%, which may be extended if the requirements of High and New Technology Enterprise are satisfied. The impact of the preferential tax rates decreased income taxes by $<font>nil</font>, $<font>nil</font> and $ <font>3.0</font>&#160;million for the years of 2012, 2013 and 2014, respectively. The benefit on net income per share was $<font>nil</font>, $ <font>nil </font>and $<font>0.01</font> for the years of 2012, 2013 and 2014, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><br/></p>
</div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32718-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>VARIABLE INTEREST ENTITY<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2014</div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong><font>18</font>. VARIABLE INTEREST ENTITY</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The equity interests in Daqo New Material, the VIE, are funded by Daqo Group. Daqo New Material was structured to acquire land use rights and to erect certain facilities for the future use of the Group.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;">The lease agreement with the VIE is structured such that Chongqing Daqo protect Daqo Group from potential losses from Daqo New Material. As a result of this agreement, Chongqing Daqo is the primary beneficiary of Daqo New Material. Lease income and expenses and associated receivables and payables are eliminated upon consolidation as intercompany transactions. Net income of the VIE is reflected as an adjustment to noncontrolling interest. The Group relies on the lease agreements with Daqo New Material for material property, plant and equipment necessary for production. If Daqo New Material fails to perform or terminates the lease agreement for any reason, including, for example, due to its breach of the agreement or the unavailability of any required governmental approvals, or if it refuses to extend or renew the lease agreement when the agreement expires, and the Group cannot find an immediately available alternative source for leasing similar property, plant and equipment, then the Group's ability to carry on the operations will be impaired. If Daqo New Material fails to perform its obligations, the Group may need to initiate legal procedures to enforce the agreement.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;&#160;<br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On December 31, 2013, Chongqing Daqo and Daqo New Material terminated this lease agreement. As a result of the change, Chongqing Daqo no longer has the power to direct the activities that most significantly impact Daqo New Material's operations, and as such Chongqing Daqo ceased to be the primary beneficiary of Daqo New Material and deconsolidated the entity on the date the lease arrangement was terminated, December 30, 2013. No gain or loss was recorded on termination of VIE arrangement. After deconsolidation, Daqo New Material remains a related party of the Group. On January 1, 2014, Chongqing Daqo signed a new operating lease agreement with Daqo New Material with respect to certain limited facilities, including the dining hall, office space and portions of the employee dormitory which it uses for its wafer business located nearby. The term of the lease is <font>three</font> years and the annual rental for these facilities is approximately $<font>1</font> million.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><br/></p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Daqo New Material leased all of its assets for use in the Group's operations before December 30, 2014. The revenues, operating costs and expenses and net income of the VIE are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
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<td style="font-family: 'Times New Roman'; text-align: center;">&#160;</td>
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<td colspan="10" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: #000000 1pt solid; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td>
<td colspan="2" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
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<td width="100%" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;">Revenues</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font>10,743,336</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font>&#151;</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;">*</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 10%; text-align: right; background-color: #cceeff;"><font>*</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; background-color: #cceeff;">&#160;</td>
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<td style="/* text-indent: 10pt; */ font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Operating costs and expenses</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"><font>14,451,810</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left;">&#160;</td>
<td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; text-align: right;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"><font>150,147,024</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right;">&#160;</td>
<td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; text-align: right;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"><font>*</font></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;">&#160;</td>
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<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Net income (loss)</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"><font>(3,708,474</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;">)&#160;</td>
<td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"><font>(150,147,024</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; background-color: #cceeff;">)&#160;</td>
<td style="padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; text-align: right; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; text-align: right; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; background-color: #cceeff;"><font>*</font></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; background-color: #cceeff;">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">*<br/></p>
<div><font style="font-size: 10pt;">The lease term was amended at the beginning of </font><font style="font-size: 10pt;">2013</font><font style="font-size: 10pt;"> and reduced the rent to $</font><font><font style="font-size: 10pt;">0</font></font><font style="font-size: 10pt;"> per month and was later terminated on December 30, 2013.</font></div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EO4AG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Concentration of Credit Risk) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="5">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Concentration of credit risk</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent', window );">Accounts receivable, allowance for doubtful accounts</a></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" onclick="toggleNextSibling(this);"> 3,189,110</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" onclick="toggleNextSibling(this);"> 7,160,782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable</a></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent" onclick="toggleNextSibling(this);">8,714,261</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent" onclick="toggleNextSibling(this);">9,909,662</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesMember', window );">Sales [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Concentration of credit risk</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConcentrationRiskPercentage1', window );">Concentration risk, percentage</a></td>
        <td class="nump"><a title="us-gaap_ConcentrationRiskPercentage1[us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesMember]" onclick="toggleNextSibling(this);">23.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ConcentrationRiskPercentage1<br>/ us-gaap_ConcentrationRiskByBenchmarkAxis<br>= us-gaap_SalesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ConcentrationRiskPercentage1[us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesMember]" onclick="toggleNextSibling(this);">30.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ConcentrationRiskPercentage1<br>/ us-gaap_ConcentrationRiskByBenchmarkAxis<br>= us-gaap_SalesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ConcentrationRiskPercentage1[us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ConcentrationRiskPercentage1<br>/ us-gaap_ConcentrationRiskByBenchmarkAxis<br>= us-gaap_SalesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerMember', window );">Customer A [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Concentration of credit risk</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent[us-gaap_MajorCustomersAxis=dq_CustomerMember]" onclick="toggleNextSibling(this);">3,673,455</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerBMember', window );">Customer B [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Concentration of credit risk</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent[us-gaap_MajorCustomersAxis=dq_CustomerBMember]" onclick="toggleNextSibling(this);">1,225,831</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerBMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerCMember', window );">Customer C [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Concentration of credit risk</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable</a></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent[us-gaap_MajorCustomersAxis=dq_CustomerCMember]" onclick="toggleNextSibling(this);">2,213,393</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerCMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent[us-gaap_MajorCustomersAxis=dq_CustomerCMember]" onclick="toggleNextSibling(this);">1,507,576</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerCMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerDMember', window );">Customer D [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Concentration of credit risk</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable</a></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent[us-gaap_MajorCustomersAxis=dq_CustomerDMember]" onclick="toggleNextSibling(this);">1,578,947</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerDMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerEMember', window );">Customer E [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Concentration of credit risk</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable</a></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent[us-gaap_MajorCustomersAxis=dq_CustomerEMember]" onclick="toggleNextSibling(this);">1,330,145</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerEMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorCustomersAxis=dq_CustomerFMember', window );">Customer F [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Concentration of credit risk</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable</a></td>
        <td class="nump"><a title="us-gaap_AccountsReceivableNetCurrent[us-gaap_MajorCustomersAxis=dq_CustomerFMember]" onclick="toggleNextSibling(this);"> 1,071,415</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccountsReceivableNetCurrent<br>/ us-gaap_MajorCustomersAxis<br>= dq_CustomerFMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr>
        <td colspan="6"></td>
      </tr>
      <tr>
        <td colspan="6">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top">Represents less than 10%</td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.3-4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 3<br><br> -Subparagraph a(1)<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsReceivableNetCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35738203&amp;loc=d3e5074-111524<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConcentrationRiskPercentage1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13537-108611<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6404-108592<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13531-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 18<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6351-108592<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ConcentrationRiskPercentage1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueConcentrationOfRiskFinancialAssetsBalanceSheetGroupingsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorCustomersAxis=dq_CustomerBMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorCustomersAxis=dq_CustomerBMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorCustomersAxis=dq_CustomerCMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorCustomersAxis=dq_CustomerCMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorCustomersAxis=dq_CustomerDMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorCustomersAxis=dq_CustomerDMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorCustomersAxis=dq_CustomerEMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorCustomersAxis=dq_CustomerEMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorCustomersAxis=dq_CustomerFMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorCustomersAxis=dq_CustomerFMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorCustomersAxis=dq_CustomerMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorCustomersAxis=dq_CustomerMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E1AAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>INCOME TAXES (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>INCOME TAXES [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Income tax expenses comprise:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;">Current Tax Expenses (Benefit)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>(1,894,736</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; width: 1%; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>(162,621</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Deferred Tax Expenses (Benefit)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>12,148,323</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;"><br/></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,434,386</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>10,253,587</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>1,271,765</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>&#151;</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock', window );">Schedule of Deferred Tax Assets and Liabilities</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The principal components of deferred income tax assets and liabilities are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" align="center" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px; display: none;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; display: none;">&#160;</td>
<td colspan="6" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px; display: none;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 70%; background-color: #cceeff;">Net operating loss carried forward</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>29,784,578</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>27,349,606</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Inventory write-down</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,531,750</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>26,141</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Bad debt provision</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1,518,953</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>478,367</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Government grants related to assets</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>423,938</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>498,582</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Long-lived asset impairment &amp; depreciation</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>23,083,996</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>21,009,037</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Others</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>290,652</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>748,018</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Sub-total</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>56,633,867</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>50,109,751</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Valuation Allowance</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(56,633,867</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(50,109,751</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Total</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; border-style: none none double; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-width: 2.8pt; background-color: #cceeff;"><strong><font>-</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>&#151;</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Deferred tax assets are analyzed as:</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Current</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Non-current</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SummaryOfValuationAllowanceTextBlock', window );">Schedule of Changes of Valuation Allowance</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<div style="display: block;" align="center">
<table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 80%; margin-left: 0.1px; margin-right: 0.1px;">

<tr>
<td style="font-family: 'Times New Roman';" width="100%"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;"></font></td>
<td colspan="10" style="text-align: center; border-top-style: none; border-right-style: none; border-left-style: none; font-family: 'times new roman'; border-top-color: #000000; border-right-color: #000000; border-left-color: #000000; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-size: 10pt;"><strong style="margin: 0pt; text-align: center;">Year ended December 31,</strong></font></td>
<td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr>
<td style="font-family: 'Times New Roman';" width="100%"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;"></font></td>
<td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font style="font-size: 10pt;"><strong style="margin: 0pt; text-align: center;">2012</strong></font></td>
<td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font style="font-size: 10pt;"><strong style="margin: 0pt; text-align: center;">2013</strong></font></td>
<td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="font-family: 'times new roman'; border: none #000000; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td colspan="2" style="font-family: 'times new roman'; border: none #000000; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font style="font-size: 10pt;"><strong style="margin: 0pt; text-align: center;">2014</strong></font></td>
<td style="font-family: 'times new roman'; vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="width: 5px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;" width="100%"><font style="font-size: 10pt;">Beginning balance</font><br/></td>
<td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"><font style="font-size: 10pt;">$</font></td>
<td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br style="margin: 0pt;"/></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"><font style="font-size: 10pt;">$</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">37,682,733</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br style="margin: 0pt;"/></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="left"><font style="font-size: 10pt;">$</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">56,633,867</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>
<tr style="width: 5px;">
<td style="vertical-align: bottom;" width="100%"><font style="font-size: 10pt;">Additions (Reversal)</font></td>
<td style="vertical-align: bottom; margin: 0pt; padding-right: 8px;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">37,238,701</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><br style="margin: 0pt;"/></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">56,697,096</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">(5,168,917</font></font></td>
<td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><font style="font-size: 10pt;">)</font></td>
</tr>
<tr style="width: 5px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;" width="100%"><font style="font-size: 10pt;">Deconsolidation</font></td>
<td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">(39,357,744</font></font></td>
<td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><font style="font-size: 10pt;">)</font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
<td style="margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><font><font style="font-size: 10pt;">&#151;</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"></td>
</tr>
<tr style="width: 5px;">
<td style="vertical-align: bottom;" width="100%"><font style="font-size: 10pt;">Foreign exchange effect</font></td>
<td style="vertical-align: bottom; margin: 0pt; padding-right: 8px;"></td>
<td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">444,032</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap;"></td>
<td style="vertical-align: bottom; white-space: nowrap;"></td>
<td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">1,611,782</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap;"></td>
<td style="vertical-align: bottom; white-space: nowrap;"></td>
<td style="vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">(1,355,199</font></font></td>
<td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><font style="font-size: 10pt;">)</font></td>
</tr>
<tr style="width: 5px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff;" width="100%"><font style="font-size: 10pt;"><strong>Ending Balance</strong></font></td>
<td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"><font style="font-size: 10pt;"><strong style="undefined;align: left; margin: 0pt;">$</strong></font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">37,682,733</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"><font style="font-size: 10pt;"><strong style="undefined;align: left; margin: 0pt;">$</strong></font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">56,633,867</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
<td style="padding-right: 8px; white-space: nowrap; margin: 0px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="left"><font style="font-size: 10pt;"><strong style="undefined;align: left; margin: 0pt;">$</strong></font></td>
<td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;" align="right"><font><font style="margin: 0pt; font-size: 10pt;">50,109,751</font></font></td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock', window );">Schedule of Effective Income Tax Rate Reconciliation</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The effective income tax rate of the Group is different from the expected PRC statutory rate as a result of the following items:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;">PRC Enterprise Income Tax</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">%</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">%</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>25</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">%</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Preferential income tax rate of a subsidiary</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(9</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(9</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Effect of different reversal rate</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>8</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>3</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Additional tax deductions</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(1</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(8</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Non-deductible expenses</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; text-indent: none; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Different tax rate in other jurisdictions</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(1</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#160;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Changes in valuation allowance</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(35</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(26</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;">Tax credits</td>
<td style="font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">%</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 20px; background-color: #cceeff;"></td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;"><font>(15</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 20px; background-color: #cceeff;">)%</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px;">Prior year adjustment</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">%</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">%</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;">&#160;</td>
<td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">%</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Effective tax rate</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(10</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)%</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(1</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)%</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">%</td>
</tr>

</table>
</div>
</div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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                <p>Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Valuation Allowance<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528051<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E3AAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract', window );"><strong>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
        <td class="nump"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">$ 16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">$ (221,090,508)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_ProfitLoss" onclick="toggleNextSibling(this);">$ (115,637,415)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProfitLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Other comprehensive income:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax', window );">Foreign currency translation adjustments</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" onclick="toggleNextSibling(this);">(3,662,013)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" onclick="toggleNextSibling(this);">5,543,033</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" onclick="toggleNextSibling(this);">3,838,790</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total other comprehensive income</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">(3,662,013)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">5,543,033</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">3,838,790</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Comprehensive (loss) income</a></td>
        <td class="nump"><a title="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">12,987,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">(215,547,475)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">(111,798,625)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest', window );">Comprehensive (loss) income attributable to noncontrolling interest</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">(148,752,181)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">(2,075,866)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive (loss) income attributable to Daqo New Energy Corp. shareholders</a></td>
        <td class="nump"><a title="us-gaap_ComprehensiveIncomeNetOfTax" onclick="toggleNextSibling(this);">$ 12,987,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTax" onclick="toggleNextSibling(this);">$ (66,795,294)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTax" onclick="toggleNextSibling(this);">$ (109,722,759)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax</span><span></span></td>
      </tr>
    </table>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35737396<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e557-108580<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4613674-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569643-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591552-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591552-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br></p>
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                <p>Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p>
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                <p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p>
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                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>EXIT and DISPOSAL ACTIVITIES<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2014</div>
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        <td class="text">&#xA0;<span></span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong><font>3</font>. EXIT and DISPOSAL ACTIVITIES</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(a) Disposal of Nanjing Daqo</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">On September 28, 2012, in order to focus on the Group's core competency and enhance operating efficiency, the Group&#160;sold <font>100</font>% equity interests in Nanjing Daqo to our related party, Daqo Group, after the Group failed to identify a third party investor from its public bidding procedure undertaken through the Nanjing Property Right Trading Center for a total consideration of RMB<font>62</font> million (US$<font>9.9</font>&#160;<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">million). The sales price was determined with reference to the valuation result as of March 31, 2012 performed by an independent third party valuer, which determined the fair value to approximate the net asset value of approximately</font> $<font>12.0</font> million, less the operating loss of Nanjing Daqo incurred during the period from April 1, 2012 to September 28, 2012 of approximately $<font>2.1</font> million. The loss from discontinued operation of $<font>2,392,228</font> represents the aggregation of the loss incurred by Nanjing Daqo during the period from January 1, 2012 to September 28, 2012 of $<font>3,491,527</font> and the gain on disposition of $<font>1,099,299</font>, which was the reclassification of foreign currency translation gain from other comprehensive income of $<font>1,099,299</font>. There were no remaining assets or liabilities associated with discontinued operations in the consolidated balance sheet as of December 31, 2012.&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">The discontinued operations were retrospectively reflected for all the prior years presented in the consolidated statements of operations. The operating results reported as discontinued operations for the years ended December 31, 2012 are summarized as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
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<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="3" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
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<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
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<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 55%; background-color: #cceeff;">Revenues</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>6,454,830</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
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<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(9,946,357</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
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<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Loss from discontinued operations before income taxes</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(3,491,527</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"></td>
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<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Income tax benefit</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><br/></td>
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<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Loss from discontinued operations</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(3,491,527</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><br/></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(b) Relocation of Polysilicon Operations to Xinjiang</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">As of December 31, 2013, the Group&#160;had a plan to expand the capacity at the Xinjiang plant and is in the process of relocating significant production assets, with a carrying value of $ <font>144.7</font>&#160;million, from Chongqing Daqo to its Xinjiang plant. In connection with this relocation plan, the Group&#160;determined i) to cease a retooling project at its polysilicon production line located at Chongqing Daqo in the second quarter of 2013, and ii) it was more practical to relocate its machinery and equipment located at Chongqing Daqo, to Xinjiang as part of the Polysilicon Phase II Expansion Project plan. The Group&#160;expects to fully ramp up this expansion project by the end of the second quarter of 2015. Therefore, the Group&#160;recorded an impairment charge of $<font>158.4</font>&#160;million in connection with this decision in the second quarter of 2013 and subsequently terminated its lease arrangement with Daqo New Material on December 30, 2013. As of December 31, 2013, the Group&#160;has incurred approximately $<font>0.8</font>&#160;million in employee termination costs and $<font>0.5</font>&#160;million in connection with relocation costs, all of which were recorded in selling, general and administrative expenses.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In August 2014, the Board of Directors approved the Company to launch an early stage research for the Polysilicon Phase III Expansion Project in Xinjiang. After a&#160;comprehensive analysis of the capacity and comparability of the Chongqing machinery and equipment, the Company concluded that it would be more efficient to use part of the machinery and equipment in Phrase III, rather than using all of them in Phrase II Expansion Project. As a result, the Company has changed its original relocation plan and determined to utilize a portion of these equipment and machinery in Polysilicon Phase III Expansion Project in Xinjiang.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">As of December 31, 2014, about $<font>46.1</font> million of $<font>116.1</font> million of the machinery and equipment have been relocated from Chongqing Daqo to its Xinjiang plant for Polysilicon Phase II Expansion Project, which is expected to be fully ramp up by the end of the second quarter of 2015. The Company&#160;expects to complete the Polysilicon Phase III Expansion Project by early 2017, and the remaining machinery and equipment of $<font>70.0</font> million will be relocated from Chongqing to Xinjiang then. The Group&#160;spent approximately $<font>0.5</font>&#160;<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">million on a quarterly basis to keep these machinery and equipment in good condition, including</font> $<font>0.3</font> million wages and $<font>0.2</font> million electricity fees.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-indent: 23pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif;">The change to the original relocation plan indicated that the carrying amount of the remaining machinery and equipment of $70.0 million may not be recoverable. The Group engaged an independent valuation firm to assist in performing the recoverability test. Based on the test, the Group concluded that the estimated sum of the undiscounted cash flows expected to be generated from the use and eventual disposition of the polysilicon group were in substantial excess of the carrying amount, and no impairment was noted as of December 31, 2014.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;<br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">During the year ended December 31, 2014, additional&#160;$<font>0.8</font>&#160;million relocation cost occurred, which was recorded in selling, general and administrative expenses. No material liabilities, including contract termination costs, are recorded in connection with this relocation plan as of December 31, 2013 and 2014. <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 30.6666660308838px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">The Group expects to incur additional costs of $<font>2.3</font> million in relocating the equipment</font>.</p>
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                <p>The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E6GAC">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>BORROWINGS (Schedule of Bank Borrowings) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>BORROWINGS [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBankLoansAndNotesPayable', window );">Short-term bank borrowings</a></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable" onclick="toggleNextSibling(this);">$ 90,443,007</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShortTermBankLoansAndNotesPayable" onclick="toggleNextSibling(this);">$ 68,821,014</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShortTermBankLoansAndNotesPayable</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Long-term bank borrowings, current portion</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtCurrent" onclick="toggleNextSibling(this);">69,360,869</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebtCurrent" onclick="toggleNextSibling(this);">50,049,843</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtCurrent</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtCurrent', window );">Total borrowings, current</a></td>
        <td class="nump"><a title="us-gaap_DebtCurrent" onclick="toggleNextSibling(this);">159,803,876</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtCurrent" onclick="toggleNextSibling(this);">118,870,857</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term bank borrowings, non-current portion</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtNoncurrent" onclick="toggleNextSibling(this);">77,336,160</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtNoncurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebtNoncurrent" onclick="toggleNextSibling(this);">134,870,287</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtNoncurrent</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtLongtermAndShorttermCombinedAmount', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_DebtLongtermAndShorttermCombinedAmount" onclick="toggleNextSibling(this);">$ 237,140,036</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtLongtermAndShorttermCombinedAmount</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtLongtermAndShorttermCombinedAmount" onclick="toggleNextSibling(this);">$ 253,741,144</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtLongtermAndShorttermCombinedAmount</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19,20)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the aggregate of total long-term debt, including current maturities and short-term debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19,20)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongTermDebtCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 22<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongTermDebtNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBankLoansAndNotesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount at the balance sheet date of borrowings from a bank, not elsewhere enumerated in the taxonomy, with a maturity within one year (or within one operating cycle if longer) from the date of borrowing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19(a)(1))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 16<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShortTermBankLoansAndNotesPayable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EFJAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>FINANCIAL STATEMENT SCHEDULE I (STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>OPERATING EXPENSES</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and development</a></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense" onclick="toggleNextSibling(this);">$ (1,486,978)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense" onclick="toggleNextSibling(this);">$ (3,391,012)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense" onclick="toggleNextSibling(this);">$ (4,130,533)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
        <td class="num"><a title="us-gaap_OperatingExpenses" onclick="toggleNextSibling(this);">(11,228,385)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingExpenses" onclick="toggleNextSibling(this);">(174,527,577)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingExpenses" onclick="toggleNextSibling(this);">(51,085,911)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">(Loss) income from operations</a></td>
        <td class="nump"><a title="us-gaap_OperatingIncomeLoss" onclick="toggleNextSibling(this);">32,034,956</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingIncomeLoss" onclick="toggleNextSibling(this);">(200,631,180)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingIncomeLoss" onclick="toggleNextSibling(this);">(88,517,894)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest" onclick="toggleNextSibling(this);">324,118</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest" onclick="toggleNextSibling(this);">149,752</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest" onclick="toggleNextSibling(this);">990,117</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net (loss) income attributable to Daqo New Energy Corp. ordinary shareholders</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Other comprehensive (loss) income:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive (loss) income attributable to Daqo New Energy Corp. shareholders</a></td>
        <td class="nump"><a title="us-gaap_ComprehensiveIncomeNetOfTax" onclick="toggleNextSibling(this);">12,987,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTax" onclick="toggleNextSibling(this);">(66,795,294)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTax" onclick="toggleNextSibling(this);">(109,722,759)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ParentCompanyMember', window );">Parent Company [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>OPERATING EXPENSES</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative</a></td>
        <td class="num"><a title="us-gaap_GeneralAndAdministrativeExpense[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(2,738,085)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GeneralAndAdministrativeExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_GeneralAndAdministrativeExpense[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(2,979,454)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GeneralAndAdministrativeExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_GeneralAndAdministrativeExpense[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,528,728)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GeneralAndAdministrativeExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and development</a></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(12,310)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(76,646)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_ResearchAndDevelopmentExpense[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(175,242)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ResearchAndDevelopmentExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
        <td class="num"><a title="us-gaap_OperatingExpenses[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(2,750,395)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingExpenses[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,056,100)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingExpenses[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,703,970)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">(Loss) income from operations</a></td>
        <td class="num"><a title="us-gaap_OperatingIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(2,750,395)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,056,100)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_OperatingIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,703,970)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">8,144</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">3,130</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_InvestmentIncomeInterest[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">3,074</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentIncomeInterest<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">NET LOSS BEFORE SHARE OF RESULTS OF SUBSIDIARIES</a></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(2,742,251)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,052,970)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,700,896)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromSubsidiariesBeforeTax', window );">Equity in (losses) earnings of subsidiaries</a></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromSubsidiariesBeforeTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">19,391,427</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromSubsidiariesBeforeTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromSubsidiariesBeforeTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(67,890,514)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromSubsidiariesBeforeTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromSubsidiariesBeforeTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(108,228,045)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromSubsidiariesBeforeTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net (loss) income attributable to Daqo New Energy Corp. ordinary shareholders</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">16,649,176</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(70,943,484)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(111,928,941)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Other comprehensive (loss) income:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent', window );">Foreign currency translation adjustments</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,662,013)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">4,148,190</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">2,206,182</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">(3,662,013)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">4,148,190</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">2,206,182</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive (loss) income attributable to Daqo New Energy Corp. shareholders</a></td>
        <td class="nump"><a title="us-gaap_ComprehensiveIncomeNetOfTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">$ 12,987,163</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">$ (66,795,294)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
        <td class="num"><a title="us-gaap_ComprehensiveIncomeNetOfTax[dei_LegalEntityAxis=us-gaap_ParentCompanyMember]" onclick="toggleNextSibling(this);">$ (109,722,759)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax<br>/ dei_LegalEntityAxis<br>= us-gaap_ParentCompanyMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35737396<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e557-108580<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromSubsidiariesBeforeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax of income (loss) of subsidiary attributable to the parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromSubsidiariesBeforeTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 7<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.7(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net result for the period of deducting operating expenses from operating revenues.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569643-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of other comprehensive income (loss) attributable to parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569643-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 985<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 730<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ResearchAndDevelopmentExpense</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2LAC">
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          <div style="width: 200px;"><strong>INCOME TAXES (Schedule of Changes of Valuation Allowance) (Details) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
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        <th class="th">
          <div>Dec. 31, 2013</div>
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        <th class="th">
          <div>Dec. 31, 2012</div>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">$ 56,633,867</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">$ 37,682,733</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
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        <td class="num"><a title="us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount" onclick="toggleNextSibling(this);">(5,168,917)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount</span><span></span></td>
        <td class="nump"><a title="us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount" onclick="toggleNextSibling(this);">56,697,096</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount</span><span></span></td>
        <td class="nump"><a title="us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount" onclick="toggleNextSibling(this);">37,238,701</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation', window );">Deconsolidation</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num"><a title="dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation" onclick="toggleNextSibling(this);">(39,357,744)</a><span style="display:none;white-space:normal;text-align:left;">dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation</span><span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect', window );">Foreign exchange effect</a></td>
        <td class="num"><a title="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" onclick="toggleNextSibling(this);">(1,355,199)</a><span style="display:none;white-space:normal;text-align:left;">dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect</span><span></span></td>
        <td class="nump"><a title="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" onclick="toggleNextSibling(this);">1,611,782</a><span style="display:none;white-space:normal;text-align:left;">dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect</span><span></span></td>
        <td class="nump"><a title="dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect" onclick="toggleNextSibling(this);">444,032</a><span style="display:none;white-space:normal;text-align:left;">dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Ending balance</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">$ 50,109,751</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">$ 56,633,867</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">$ 37,682,733</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset, resulting from an adjustment for deconsolidation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_ValuationAllowanceDeferredTaxAssetAdjustmentForDeconsolidation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset resulting from the effect of foreign exchange rates.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_ValuationAllowanceDeferredTaxAssetForeignExchangeEffect</td>
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                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsValuationAllowance">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
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                    <td>us-gaap_</td>
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                    <td>xbrli:monetaryItemType</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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                  <tr>
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                    <td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
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                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e32123-109318<br><br><br><br></p>
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                    <td style="white-space:nowrap;">us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>SEGMENT INFORMATION<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>SEGMENT INFORMATION [Abstract]</strong></a></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>19. SEGMENT INFORMATION</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The Group's chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. Following the further expansion of module business and entering into the wafer business in 2011, the Group operated and viewed its performance in <font>three</font> segments. However, on September 28, 2012, the module business was disposed (see Note <font>3</font>). Therefore, only <font>two</font> segments remained in 2013 and 2014, and the segment information in prior years was restated to be consistent with the current year reportable segments. Furthermore, the Group's chief operating decision maker is not provided with asset information by segment. As such, <font>no</font> asset information by segment is presented. The following tables summarized the Group's revenue and cost generated from different revenue streams. Substantially all of its revenues are derived in the PRC. The Group's long lived assets and operations are substantially all located in the PRC.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following table summarizes the Group's revenue by segment:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31, 2012</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Polysilicon</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Wafer</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Elimination</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;">Revenue - External</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>73,450,807</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>13,407,594</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>86,858,401</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Revenue - Intersegment</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6,067,339</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(6,067,339</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total revenue</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>79,518,146</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>13,407,594</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(6,067,339</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>86,858,401</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Total Cost of revenue</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>110,243,043</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20,114,680</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(6,067,339</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>124,290,384</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Gross loss</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(30,724,897</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(6,707,086</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(37,431,983</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px 0px 0px; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31, 2013</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Polysilicon</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Wafer</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Elimination</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;">Revenue - External</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>76,721,105</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>32,278,700</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>108,999,805</font></td>
<td style="text-align: left; padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Revenue - Intersegment</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>13,195,838</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(13,195,838</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total revenue</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>89,916,943</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>32,278,700</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(13,195,838</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>108,999,805</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Total Cost of revenue</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>98,684,325</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>49,614,921</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(13,195,838</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>135,103,408</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Gross loss</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(8,767,382</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(17,336,221</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="text-align: right; border-bottom-width: 2.8pt; border-style: none none double; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong><font>(26,103,603</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>)</strong></td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; border-collapse: collapse;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31, 2014</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Polysilicon</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Wafer</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Elimination</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Total</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 48%; background-color: #cceeff;">Revenue &#150; External</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>127,692,325</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>54,879,527</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font>182,571,852</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Revenue - Intersegment</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>29,424,883</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(29,424,883</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Total Revenue</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>157,117,208</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>54,879,527</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(29,424,883</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>182,571,852</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Total Cost of revenue</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>119,703,550</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>47,861,811</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(28,256,850</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>139,308,511</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><strong>Gross Profit</strong></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>37,413,658</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>7,017,716</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>(1,168,033</font></td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; text-align: left; background-color: #cceeff;">)&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><strong>$</strong></td>
<td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>43,263,341</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td>
</tr>

</table>
</div>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">The following customers accounted for <font>10</font>% or more of revenues:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 80%; margin-left: 1in;">

<tr style="vertical-align: bottom;">
<td nowrap="nowrap" style="font-family: 'Times New Roman';">&#160;</td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="10" nowrap="nowrap" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>Year ended December 31,</strong></td>
<td nowrap="nowrap" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><strong> </strong></td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2012</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
<td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"><strong>2014</strong></td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; width: 52%; background-color: #cceeff;">Customer I</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 13%; background-color: #cceeff;"><font>21,749,284</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right; width: 13%; background-color: #cceeff;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 13%; background-color: #cceeff;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Customer J</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>19,644,488</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>23,882,302</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;">Customer C</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td>
<td style="border: none #000000; padding: 0px; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-color: #cceeff;"><font>18,210,196</font></td>
<td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Customer K</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>13,471,873</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; /* padding-right: 10px; */ white-space: nowrap; text-align: right;"><font>*</font></td>
<td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

</table>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p>
<div align="left">
<div style="font-size: 1pt; border-top: Black 1pt solid; width: 20%;">&#160;</div>
</div>
<div class="CursorPointer">
<table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;">

<tr style="vertical-align: top;">
<td style="width: 2%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;"><font style="font: 10pt Times New Roman, Times, Serif;">*</font></td>
<td style="width: 1%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">&#160;</td>
<td style="width: 97%; padding-right: 0.8pt; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none;">
<div>Represents less than 10%</div>
</td>
</tr>

</table>
</div>
</div>
<div class="CursorPointer"><br/></div>
</div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EF2AG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>SHARE BASED COMPENSATION (Summary of Stock Option Activity) (Details) (Employee Stock Option [Member], USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2013</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2012</div>
        </th>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top">
          <div class="a">Employee Stock Option [Member]</div>
        </td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward', window );"><strong>Number of Options</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Options outstanding</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">6,371,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Granted</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">6,274,166</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">140,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">1,190,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod', window );">Forfeited</a></td>
        <td class="num"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">(112,500)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod', window );">Expired</a></td>
        <td class="num"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">(7,500)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Exercised</a></td>
        <td class="num"><a title="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">(150,000)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Options outstanding</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">12,375,416</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">6,371,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber', window );">Options vested or expected to vest</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">8,693,171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber', window );">Options exercisable</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">7,353,583</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward', window );"><strong>Weighted Average Exercise Price</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Options outstanding</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.25</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Granted</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 1.49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice', window );">Forfeited</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 1.49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice', window );">Expired</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 1.49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice', window );">Exercised</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.25</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Options outstanding</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.87</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.25</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice', window );">Options vested or expected to vest</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.47</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice', window );">Options exercisable</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 0.51</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract', window );"><strong>Weighted Average Remaining Contract Life</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2', window );">Options outstanding</a></td>
        <td class="text">7 years 2 months 23 days<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1', window );">Options vested or expected to vest</a></td>
        <td class="text">6 years 7 days<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1', window );">Options exercisable</a></td>
        <td class="text">6 years 25 days<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract', window );"><strong>Aggregate Intrinsic Value</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue', window );">Options outstanding</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 5,016,816</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue', window );">Options vested or expected to vest</a></td>
        <td class="nump"><a title="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">5,763,445</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1', window );">Options exercisable</a></td>
        <td class="nump"><a title="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1[us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember]" onclick="toggleNextSibling(this);">$ 4,689,250</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1<br>/ us-gaap_AwardTypeAxis<br>= us-gaap_EmployeeStockOptionMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract">
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dq_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dq_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of options or other stock instruments for which the right to exercise has lapsed under the terms of the plan agreements.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iv)(4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iv)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross number of share options (or share units) granted during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of options outstanding, including both vested and non-vested options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(i)-(ii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(i)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (e)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount by which the current fair value of the underlying stock exceeds the exercise price of fully vested and expected to vest options outstanding.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (e)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (e)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (e)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average price at which option holders acquired shares when converting their stock options into shares.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average price at which grantees could have acquired the underlying shares with respect to stock options of the plan that expired.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of share options (or share units) exercised during the current period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28,29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iv)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrentAbstract', window );"><strong>ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock', window );">Schedule of Accrued Expenses and Other Current Liabilities</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Accrued expenses and other current liabilities consist of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<div class="CursorPointer">
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<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;"><strong> </strong></td>
<td colspan="6" style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid;"><strong>December 31,</strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
</tr>
<tr style="background-color: #ffffff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"><strong>2013</strong></td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td>
<td colspan="2" style="font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid;"><strong>2014</strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 70%; background-color: #cceeff;">Accrued payroll and welfare</td>
<td style="font-family: 'times new roman'; padding: 0px; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>2,588,312</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 1%; background-color: #cceeff;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 12%; background-color: #cceeff;"><font>3,309,850</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 1%; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Accrued professional fees</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>624,825</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>576,786</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Other tax payable</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1,378,963</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>2,263,055</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Interest payable</td>
<td style="font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>305,087</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>148,995</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Government subsidy</td>
<td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>908,496</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>&#151;</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
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<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 20px;">Contingent liability (Note 17)</td>
<td style="font-family: 'Times New Roman'; width: 20px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font><font>&#151;</font></font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; width: 20px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 20px;"><font>400,000</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 20px;"></td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Others</td>
<td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"><font>1,655,938</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;">&#160;</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff;"><font>2,256,977</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'times new roman'; padding: 0px;"><strong>Total </strong></td>
<td style="font-family: 'times new roman'; padding: 0px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>7,461,621</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong>$</strong></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2.80pt double;"><strong><font>8,955,663</font></strong></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td>
</tr>

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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dq_OtherItemsDisclosureTextBlock', window );">MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION</a></td>
        <td class="text"><div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>12. MAINLAND CHINA CONTRIBUTION PLAN AND PROFIT APPROPRIATION</strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(a) China Contribution Plan</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Full time employees of the Group in the PRC participate in a government-mandated, multi-employer, defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. PRC labor regulations require the Group to accrue for these benefits based on a certain percentage of the employees' salaries. Contributions to defined contribution plans are expensed as incurred. During the years ended December&#160;31, 2012, 2013 and 2014, the Group recognized $<font>3,325,383</font>, $<font>3,142,213</font> and $<font>3,130,308</font> respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt;"><strong><em>(b) Statutory Reserves</em></strong></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">Foreign invested enterprises in PRC are required under PRC laws to provide for certain statutory reserves, such as a general reserve, an enterprise expansion fund and a staff welfare and bonus fund. These entities are required to allocate at least <font>10</font>% of their after tax profits as reported in their PRC statutory financial statements to the general reserve and have the right to discontinue allocations to the general reserve if the balance of such reserve have reached <font>50</font>% of their registered capital. These statutory reserves are not available for distribution to the owners (except in liquidation) and may not be transferred in the form of loans, advances or cash dividends. As of December&#160;31, 2013 and 2014, $<font>16,803,191</font> and $<font>20,190,729</font> was respectively appropriated from the accumulated loss&#160;of Chongqing Daqo. As a result of these PRC laws and regulations, the Company's PRC subsidiaries are restricted in their abilities to transfer the registered capital and statutory reserves to the Company in the form of dividends, loans or advances and the restricted portion amounted to $<font>124,814,365</font> and $<font>182,840,330</font> as of December&#160;31, 2013 and 2014, respectively.</p>
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